With the recent declines in the stock market, investors are seeking guidance. The burning question is what will 2016 hold for the world financial markets? George Soros has a scary answer on uncommonwisdomdaily: a repeat of 2008.
Soros accumulated a $23 billion fortune by speculation in the financial markets. His methods are not for the faint-hearted, for he shies away from the Graham and Dodd model of value investing. He views the markets as inherently unpredictable, and his success has come from highly leveraged bets on short term fluctuations. The Motley Fool pays homage to George Soros and recommends investors keep his theory of irrational market fluctuations in mind.
According to Uncommon Wisdom Daily, the super hero of savvy moves is leaning towards a correct assumption for 2016. Two causal elements of a replay in disaster may be debt and the world economy. The World Bank has cut its estimate of global growth from 3.3% to 2.9%. At roughly $225 trillion worldwide, global debt is at higher levels than 2008. China, in its race to prosperity, continues to pile the burden of debt upon its economy. Soros views China as part of the growing global problems contributing to a crisis-prone environment.
TheStreet is advising investors to prepare for the Soros predicted crisis. If Soros sees a “serious challenge” comparable to 2008, his track record and fortune lends credence to the consternation. Indeed the list of accomplishments placing Soros on the Greatest Investor list of Investopedia are certainly noteworthy. A man who places a $10 billion bet against the British pound and wins is hard to ignore. The herd may be wanting to run for cover, but to emulate the success of Soros will call instead for quick moves. Soros moves on instinct, and those seeking to leave the herd behind may find his moves hard to follow.
counts himself lucky to have survived in the skydiving accident. The weather on that fateful day was windy and this situation made him confused about the expected landing area. When he opened his chute, he missed the landing spot and landed in a vineyard that had steel posts and wires that caused trauma to his right hand.
After spending 24 years at Steamboat Resort, Wirth left in 2010 to become the chief executive officer and president of Squaw Valley USA.He has resumed his duties after a 50 day stay in hospital. Andy Wirth confessed
that he zeroed in on Eddie Vedders song ‘Just Breathe’ as he was trying to stop the bleeding on his injured arm. He wrote a letter to the rock star describing how the song helped him through his ordeal and added that he hoped he would meet Eddie soon. The fall caused him to dislocate his elbow and the tissue was torn off his arm socket.
Andy relied on his earlier service at the North Routt Fire Protection District ambulance crew until help came. In addition to that, he controlled his emotions by focusing on the song. Andy first heard the song during the credit roll on a documentary film that featured his friend Buck Brannaman, the horse whisperer. Since hearing the song, he learned to play it on guitar and it became his and his wife’s Karen favorite song.
Andy said that the song came to him immediately because subconsciously he assumed he would be alone for a while given the shock and injuries that he had sustained from the accident. The first lines filled him with intense sadness and as the song progressed, the sadness turned to intense joy. He felt at peace and claims that had he died he would have done so in peace.
The whole experience has deepened the relationship between him and his wife Karen who never left his side after his rescue. It has also helped Andy spend more time with his children who are in Colorado. He admits that he loves sky diving but after the pain he put his family through, it is highly unlikely that he will go back to sky diving.
Andy Wirth was made the president of Squaw Valley ski resort in 2010.
He made immense upgrade at the resort, thus boosting its ratings among the populace. In 2011, he ensured the acquisition of Alpine Meadows with the view to boosting the revenue base of the institution. Recently, Wirth was appointed in the Reno-Tahoe Airport Authority Board as its chairperson.