George Soros Makes A Political Comeback

Born in Hungary in 1930, George Soros may well have entered his ninth decade of life, but he shows few signs of slowing down in either his philanthropic or political activities. The early life of George Soros is often cited by Forbes and many other leading publications as a reason for the continued success he has enjoyed as a philanthropist dedicated to bringing freedom and democracy to all; Soros lived his teenage years under two of the most notorious totalitarian regimes in history, Nazi Germany, and Stalin’s Soviet Union. As his family was prominent members of the Jewish community in Hungary, the Soros family were forced to hide their identity with false identity documents as more than half a million followers of Judaism were murdered by the Nazi regime in just two years of World War II when Germany occupied Hungary.

Soros embarked on a refugee journey to the U.K. where he worked as a waiter and kitchen porter to pay for his education at the London School of Economics, an educational institution where the liberal mindset of Soros appears to have begun to form. After making a success of his life and career by moving to New York and Wall Street in the 1950s, George Soros established his own hedge fund in the late 1960s which have morphed into a massive Soros Fund Management group managing over $30 billion in assets in 2017. George Soros believes his own personal success as an investment expert has given him the chance to have a meaningful and positive effect on the lives of people across the planet; the establishment of the Open Society Foundations has been a major achievement for Soros, but his biggest impact in the eyes of the U.S. public has been through his political donations to the Democratic Party.

Politico reports the reputation of George Soros as a member of the billionaire political elite he feels have too much power in U.S. politics was secured during the 2004 election season when Soros backed Democrat John Kerry for President. Despite his enthusiastic backing of Kerry, Soros was thought to be more concerned with the growing reputation of President George W. Bush and his efforts to invade Iraq and Afghanistan as the major reasons for his enthusiastic backing of Kerry to the tune of $27 million. During the Presidential election season of 2004, George Soros described President Bush as similar to the Nazi forces who invaded Hungary during World War II. A similar tone was set during the 2016 election season when the rhetoric of now President Donald Trump was described by Soros as a threat to global security as he donated more than $25 million to the campaign of Democrat Hillary Clinton for President.

Laidlaw & Company Has a Lot of Complaints

I guess I should hire a research company to verify my idea here, but it seems like the amount of bad investment advice  compared to good investment advice is like 10 to 1. And it makes sense too. The financial journalism that we see is all based on bad advice because they need to make money.

Today, online newspapers seem to only care about advertising for their pages. And with securities investment advice, it’s especially bad. I’m reminded of a story I heard the other day about a guy at Laidlaw & Company who was sued for losing his clients money on horrible advice.

The column he runs online is actually solid advice for those looking for personal finance tricks. Read his columns. But stay away from the shows that just want more advertising revenue. I’m talking about CNBC and Jim Cramer, where they have this “expert” tell you exactly what to pick and when to do it.

The suspicious thing about this is that there is no record you can go look up. You can’t see an objective rating of your broker. It’d be nice to know their advice would make you money more often than random chance. And that’s why I’m really curious about what goes on in some firms, like Laidlaw & Company.

Laidlaw & Company

This firm offers a full range of investment services and is a brokerage company too. They have clients in the public and private sector. Matthew Eitner is CEO, while James Ahern is managing partner.

Apparently, Eitner was with Aegis Capital and Casimir Capital before. The thing that gets me is the amount of complaints this firm has.