I have noted with some amusement that financial commentators have gone a flutter in their nether regions at the thought of George Soros trading the $A and how it is reported that he made a profit of $18.6 million. Whilst, having $1 billion to throw at a trade must certainly be exciting and $18.9 million is a large number. But as a function of $1 billion its 1.89%.
Not bad for a day but it was a big risk bet with not much payoff.
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