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by nylsaar 3562 days ago
He's not donating money to a worthy cause. He's investing money in immigrants, and betting against the host nation's currency. It's how he's made his fortune.
3 comments

You're right, I should have said investing rather than donating, but seeing as there seems to be a moral consideration on his part, I hope the rest of my post is still appropriate.
You're saying he's selling shorting the Euro? Because it's quite small for currency positions that he usually takes.

In his takes on currency, hes largely made fortunes from breaking pegged exchange rates. The Euro is free floating.

I didn't know he had a history of betting-shorting against currency. I thought it was just that one huge time?

I've always found him to be a straight shooter.

He's the only rich boy, who has constantly told the truth, at least to the creation of great wealth.

And what is that great variable in the equation? It's just is a wealthy father. A father who allows you to take financial risk. A father who mentors you--in the right way. A father who helps out at the right moments--with good advice, and steers you to his helpful friends when in trouble.

The wealthy boys always leave that out of the, "What it takes to make a large sum of money speech."

The one area he seems to be in denial, or wrong is his writing ability. He blames his lack of accolades for his writing on his wealth. He claims if he was poor, his writing would be taken more seriously. I have read some of his work, and he's just an average writer--in my opinion. Other than fancying himself as a great writer; he is one of the guys I listen to.

He is getting older though.