Chapter 146: Prelude to Battle (1)
Many people name George Soros as the one who triggered the 1997 East Asian crisis.
Back then, he was the most famous hedge fund manager. Leading what was often called the Soros Empire, he commanded his own private army of capital. With the Quantum Fund, he attacked currency exchange rates in numerous countries and made off with the profits.
This time, it was similar. Even though I hadn’t done anything special, Soros was about to become my reliable ally.
And yet, Soros is also somewhat known for not making a huge profit from the East Asian crisis. The fact that most Koreans don’t even know who he is proves it.
The citizens of countries Soros did plunder know him very well. After all, he’s the guy who stole their money—how could they not?
It was partly due to a mispositioned trade, and also because he temporarily stepped away from fund management to focus on his original passion—philosophy. (Yes, surprisingly, George Soros always dreamed of being a philosopher, but started managing funds because he had no money.)
Whatever the reason, the result was that Soros didn’t have much fun during the East Asian crisis.
That is—in my past life.
[Estimated short-selling of baht reaches $3 billion. More than half from Quantum Fund.]
“Soros really means business this time,” said Ha Yeong-il, who was in charge of the currency attack under my plan, clicking his tongue. I scanned the report and smiled faintly.
“Exactly. Thanks to him, one worry is gone. If he launches the first strike, we can divert attention.”
This time, Soros stepped in as the vanguard, pouring in an enormous amount of capital.