Latest news with #GeorgeSoros
Globe and Mail
2 days ago
- Business
- Globe and Mail
Market Factors: Some very bad advice from a venture capitalist
In this edition of Market Factors we'll show some great guidance for markets and life from venture capitalist Morgan Housel. Then I move on to how one ethically challenged industry is becoming even more cutthroat. The diversion covers a disturbing new trend of AI-assisted madness and as always we'll look ahead to important data releases for the coming week. There are few finance writers with better perspective than Collaborative Fund's Morgan Housel and he proved it again with the recent post called Very Bad Advice. Mr. Housel's goal is to underscore the complexity of success versus the simplicity of self-destruction. The bulk of the piece is a very long list of beliefs that can undermine success in both investing and life. One example is 'Assume learning is complete upon your last day of school,' an obvious tongue-in-cheek warning to keep learning throughout life. There are a few points of bad advice that struck me as extremely important for investors. The first is 'Forecast with precision, certainty, and confidence.' This is a reminder that any market-related predictions are just loose hypotheses and will almost certainly be wrong. All forecasts are to be held lightly and completely unrelated to an investor's ego. George Soros protégé Stan Druckenmiller once noted that Mr. Soros is the best trader alive because he knows when to abandon an investment thesis. I am guilty of 'Believe that the past was golden, the present is crazy, and the future is destined for decline' to the point I'm considering buying defence stocks, which I describe as put options on human psychology. Things are crazier than usual where politics are concerned but investors should not fall victim to fatalism. I also found 'View patience as laziness' as an important reminder for investors. Finance research shows conclusively that portfolio returns decline as the number of transactions increases. There are many times that the best thing to do in a portfolio is nothing. 'Adjust your willingness to believe something by how much you want and need it to be true' is another good one. I take this in a specific way that guards against a mistake I've made in the past, when I convinced myself an investment idea was great just because it was time to buy something. Readers can judge for themselves but I find Mr. Housel one of the few finance writers who is truly wise and his bad advice in this column is helpful during market hours and beyond. In what could be interpreted as a case of evil companies becoming even more evil, U.S. health insurers are implementing AI to streamline hospital operations and eventually cut jobs. BofA Securities analyst Alec Stranahan reports that the U.S. health-care system is a jumble of administration for patients, insurers and hospitals that often requires manual input of data. The opportunity for efficiencies is widespread and some insurers and large hospital systems are already implementing AI applications to tackle them. The stocks mentioned are new names for me. Doximity Inc. (DOCS-N), with AI applications to draft medical letters and appeals and communicate with patients, is one. Waystar Holding Inc (WAY-Q), with software to help simplify payment processing and claims denials, is another. Nashville-based hospital network HCA Holdings Inc. (HCA-N) is a leader in AI implementation in its own operations. News that an unstable teen had been dragged into madness by an AI companion would be lamentable but not surprising. Futurism's description of venture capitalist Geoff Lewis' apparent AI-assisted descent into mental illness, however, is eyebrow raising. Mr. Lewis was an investor in machine learning and AI expansion for a multi-billion dollar investment firm until a series of social media posts led to concerns about his health. The posts suggested that Mr. Lewis had used ChatGPT to uncover a shadowy organization that was negatively affecting 7,000 people and had killed more than ten people. The story is the continuation of a trend of AI encouraging users' delusional thinking to extremes that are being blamed for involuntary stays at psychiatric facilities, homelessness and even suicide. Mr. Lewis did not respond to requests for information for the story so we'll have to be careful in assuming AI's role in his difficulties. If it turns out that AI did play a significant role, it is alarming as Mr. Lewis has a clear idea of AI's inner workings. Looking for our updates on market movers, analyst actions, stock technicals, insider trades and other daily, weekly and monthly insight? Click here to visit our Inside the Market page. Norman Rothery hunts for the best measures of quality for both large and small Canadian stocks Ian McGugan looks at the staggering amounts companies are spending on AI and what it may mean for investors. Meanwhile, Jamie McGeever asks, Is the U.S. stock rally near a 'Mag 7' turning point? Tim Shufelt looks at how Canadians are learning the hard way that real estate is not a slam dunk when it comes to investment gains The Bank of Canada decision on interest rates on Wednesday is the key economic event for the coming week despite economists expecting no change in the policy rate. Month-over-month GDP for May is out Thursday when economists expect a 0.1 per cent decline. On August 1st the S&P Global Canada manufacturing PMI for July is released. There are lots of earnings so let's get right to it. On Tuesday we'll see George Weston Ltd. (C$3.352 per share expected) and Kinross Gold Corp. (US$0.318). On Wednesday there's CGI Inc. (C$2.083), Agnico Eagle Mines Ltd. (US$1.715), Canadian Pacific Kansas City Ltd. (C$1.13) and Toumaline Oil Corp. (C$1.031). On Thursday TC Energy Corp. (C$0.791), Cenovus Energy Inc. (C$0.157) and Cameco (C$0.469) report. Scheduled Friday are Fortis Inc. (C$0.702), Enbridge Inc. (C$0.579), Telus Corp. (C$0.232) and Suncor Energy (C$0.710). In American economic news there's annualized GDP for the second quarter out on Wednesday (2.5 per cent expected) along with personal consumption. The Federal reserve decision on rates is the same day, no change is expected. On Thursday there's personal spending for June (a 0.4 per cent month-over-month rise is forecast), and the monthly change in the PCE price index (a rise of 0.3 per cent is expected). The change in nonfarm payrolls is released Friday and 101,000 new jobs is expected. ISM manufacturing PMI is out the same day and economists predict a slightly contractionary 49.5 reading. Widely followed corporate results start Tuesday with Procter & Gamble Co. ($1.422 per share expected), Corning Inc. ($0.572), Johnson Controls International ($1.021), Royal Caribbean Cruises Ltd. ($4.068), American Tower Corp. ($2.428) and Visa Inc. ($2.847). On Wednesday there's Ford Motor Co. ($0.328), Equinix Inc. ($6.742), Meta Platforms Inc. ($5.878) and Qualcomm ($2.711). Thursday's profit reports include Mastercard ($4.022), Stryker Corp. ($3.071), Apple Inc. ($1.43) and ($1.323). On August fourth we gat Berkshire Hathaway Inc. ($7514.74) and Palantir Technologies Inc ($0.139). See our full earnings and economic calendar here
Yahoo
4 days ago
- Business
- Yahoo
The 10 Most Hated Billionaires in 2025
Every time a wealthy person crosses over into billionaire status, those of us in lower wealth echelons may show the limitations of our ability for empathy. Generally, the 'have-nots' do not celebrate the 'have-way-too-much.' Watching Elon Musk get richer and richer while many struggle to get above living paycheck to paycheck can really suck. 'Hate' is a strong word, but it may be pretty close to (if not exactly) what many people feel toward billionaires. Find Out: Read Next: A recent study by found the 10 most hated billionaires of 2025. Data was collected from the number of Google search results containing the billionaire's name combined with terms like 'controversy,' 'scam' and 'fraud;' a sentiment-based 'Reddit hate score' on the social news aggregation and forum site, and the billionaire's public disapproval rating that factored in overall negative news coverage (for President Donald Trump, we didn't use public disapproval rating, but instead used fresh data from The Economist). Additionally, net worths were sourced from Forbes. See the 10 most hated billionaires, along with the companies they own and their respective net worths. 10. George Soros Key areas of success or businesses: Open Society Foundations, Soros Foundation Net worth: $7.5 billion Reddit hate score: 5.9 Public disapproval rating: 26% Overall hate score: 36 Check Out: 9. Bill Gates Key areas of success or businesses: Microsoft Net worth: $117 billion Reddit hate score: 8.2 Public disapproval rating: 27% Overall hate score: 41 8. Vince McMahon Key areas of success or businesses: WWE Net worth: $3 billion Reddit hate score: 8.6 Public disapproval rating: 23% Overall hate score: 43 7. Jamie Dimon Key areas of success or businesses: J.P. Morgan Chase/banking Net worth: $2.8 billion Reddit hate score: 9 Public disapproval rating: 25% Overall hate score: 46 6. Jeff Bezos Key areas of success or businesses: Amazon Net worth: $241.3 billion Reddit hate score: 8.2 Public disapproval rating: 30% Overall hate score: 47 5. Mark Zuckerberg Key areas of success or businesses: Meta/Facebook Net worth: $246 billion Reddit hate score: 9.1 Public disapproval rating: 40% Overall hate score: 56 4. Gautam Adani Key areas of success or businesses: Adani Group Net worth: $68 billion Reddit hate score: 7.1 Public disapproval rating: 51% Overall hate score: 56 3. Rupert Murdoch Key areas of success or businesses: Fox News, Sky News Net worth: $24 billion Reddit hate score: 9.2 Public disapproval rating: 55% Overall hate score: 64 2. Elon Musk Key areas of success or businesses: Tesla, SpaceX Net worth: $409 billion Reddit hate score: 9.4 Public disapproval rating: 36% Overall hate score: 92 1. Donald Trump Key areas of success or businesses: Real estate and politics Net worth: $5.5 billion Reddit hate score: 9.5 Public disapproval rating: 55% Overall hate score: 100 More From GOBankingRates 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives This article originally appeared on The 10 Most Hated Billionaires in 2025
Budapest Times
6 days ago
- Politics
- Budapest Times
Sovereignty Protection Office: Brussels is financing ‘pro-migration' influence operations
The Sovereignty Protection Office has released a statement stating that funds distributed by Brussels were playing an increasingly greater role in the operation of a 'progressive pressure network' focused on supporting migration. The office said the European Commission was excluding European Union member states from certain decision-making processes in order to distribute funds according to its own political agenda, arguing that member states had no say in the use of the Asylum, Migration and Integration Fund. Instead, the office said, the fund was used to support 'pressure groups' like the Hungarian Helsinki Committee, Menedek – Hungarian Association for Migrants, and the Subjective Values Foundation. The office said most of the funds' Hungarian recipients also received a significant amount of funding from US billionaire George Soros's Open Society Foundations. The office said the groups in question used their projects to support the influx of migrants and cast migration in a positive light with the aim of diverting member states' migration policies. Strategic lawsuits aimed at establishing the primacy of EU law over national legislation on migration-related issues also played an important role in these groups' activities, the statement added. They warned that attempts to 'force the European Commission's migration policy onto member states' risked weakening Hungary's social cohesion and served the interests of the 'progressive pressure networks' rather than those of the Hungarian people.
NDTV
7 days ago
- Politics
- NDTV
Even Tech Giants Can Be Non-State Actors: RSS's Ram Madhav On New World Order
New Delhi: The world in 21st Century will be multipolar instead of bipolar and would come with a new set of global institutions, non-state actors and challengers, said Ram Madhav - ideologue of the Rashtriya Swayamsevak Sangh, the BJP's ideological mentor, in his new book - "The New World: 21st Century Global Order and India". "The world we are entering into will be very different from what we have lived in for last seven decades," Ram Madhav told NDTV in an exclusive interview, pointing out that while many are saying so, no one has yet defined it. "I proposed in this book that we must understand that the world in 21st century will not be bipolar. It will be multipolar and it will be heteropolar. Heteropolar in the sense that while countries will rise as important poles -- we have risen as an important pole. World recognizes that. So is Russia today. So is Turkey today," he said. The first very important change, he said, will be the rise of China "and at the same time, a decline in influence of the western powers especially America". "When I say decline, I am not at all saying that probably America will disappear or it will no longer be there as a power," he added. There are other nations that are rising as well, including India, and as long as they do not come into their own, there could be a cold war between these two power centres. What would eventually emerge is a multipolar world, where nations would play a key role in their immediate and extended neighbouhood, he said. In this multilateral world, global bodies too, would be multilateral, he said. Pointing out that China has recently announced a new arbitration arrangement for nations with Hong Kong as headquarters, he said, "What will happen to International Court of Justice in The Hague? Because now countries if they prefer, they simply can go to Hong Kong and China will mediate and solve your problems. New institutions are coming up". The new world order would also come with its own set of non-state actors and challengers -- including religious, media, big tech organizations that will become big enough players to affect sovereign nations, Ram Madhav said. "Beyond multipolarity is heteropolarity. In multipolarity you have multiple countries as rising as middle powers... In heteropolarity, non-state players of different natures will rise," he said, giving examples of Syria and Afghanistan where those called terrorists till recently are ruling. "You know, in India also, some of our people in my movement call George Soros a danger to India. Ford Foundation a threat to India. They are posing certain challenges. I don't deny that. But are they countries? Do they have armies to pose challenges? They are just NGOs," he said. But for some, even someone like George Soros could be a challenge, he said, recalling his visit to Hungary, where Prime Minister Viktor Orban had counted the billionaire investor as a "biggest threat" his country faces. "We are seeing in Elon Musk what he is doing, the challenge he is throwing to a person like Trump. This is the kind of world we are entering into where tech giants can be important players. They can challenge your sovereignty," he said. To survive in this new world order, India, he said, has to eschew romanticism and be pragmatic, break new grounds in education, research and development and hone talent.. "The government understands it. That's why government has introduced certain very pragmatic measures. I talked about, you know, strategic autonomy policy of the government. It's a very important policy at a time when the world is transitioning," he said. Today, between expectation from America and China also that India should join them, India under Prime Minister Narendra Modi has taken a principled stand of strategic autonomy.
Time of India
17-07-2025
- Politics
- Time of India
'Left's Dark Money Trail...': Tyler O'Neil Unmasks Biden-USAID Funding For Soros Backed NGOs
/ Jul 17, 2025, 11:28PM IST An investigative journalist with "The Daily Signal" shines the spotlight on USAID funds given to 'at least one NGO backed by George Soros'. Tyler O'Neil's explosive testimony at a hearing titled 'How Leftist Nonprofit Networks Exploit Federal Tax Dollars to Advance a Radical Agenda' stunned the house. In this session, O'Neil claimed that the Biden HHS paid Vera nearly 200 million for refugee assistance to assist those facing deportations. Watch his full testimony here
