Investment and gambling are a bit similar regarding the risk associated with each decision made. On the brighter side, before investing there is a chance for researching and establishing new investment opportunities. George Soros is a billionaire and a respected businessperson because he makes wise investment decisions. His Fund Management invested its shares in Chesapeake Energy, Chevron, and NRG Energy.
In order to invest like a billionaire, it is vital to have a role model and keep track of his or her buying and selling decisions. The progress made by Soros in both business and philanthropic activities is a prove that he does not depend on luck to achieve success.
Unstable Energy Prices
The year 2016 has been characterized by volatile energy prices. The equity market has experienced marketing shifts, especially in February. After Russia and Saudi Arabia had agreed to freeze the production of oil, the prices surged for the part of the week. Nevertheless, the price stabilized again after freeze rejection by Iran. To seek revenge for numerous sanctions, Iran aims at producing and distributing more oil despite global oversupplies.
Unpredictability of Energy sector
With the marketing shift experienced in the energy sector, investors are finding it hard to predict the direction of stocks. Most of them are left guessing and gambling. On Friday, 19th 2016, the price of U. S crude stood at $29.64 a barrel, which is a 73 percent drop from the 2014’s $110 per barrel.
Consumer confidence and economy
The drop in energy cost is an advantage to the consumers, but a disservice to the U.S economy. The United State spends close to 8.2 % of GDP on energy annually. In addition, the energy sector supports over nine million jobs both directly and indirectly. In other words, the energy sector employs more than 5% of the State’s total employment. The original article can be found on The Street
George Soros Philanthropic activities
Respecting the human rights is a feature of compliance that every individual should possess. When each person is treated with respect, a better working environment can be created and productivity enhanced. George Soros is an established businessperson, investor, and a philanthropist. He chairs Open Society, which is comprised of several foundations, projects, and partners in over 100 countries. He founded the Society with an aim of ensuring human rights are valued, and government accountability questioned.
George Soros started his humanitarian activities in 1979, offering scholarship positions to promising youths in South Africa who were under apartheid rule. He was the brain behind the creation of Central European University with an aim of promoting critical thinking. His humanitarian activities spread to United State, Asia, and Africa. Open Society hired lawyers on behalf of individuals held unlawful and without any legal representation.