How should we read a statement by George Soros? Carefully.

March 13, 2014

George Soros If I could outguess George Soros I would be very clever and perhaps very rich. But I can offer a few observations about his history which may help interpret his recent comments about a new financial crisis

When George Soros speaks, the financial world listens. He has been speaking in the UK this week [March 2014] of the next financial crisis that he says will come about in part a consequence of weak financial leadership in Europe, and in particular in Germany.

He is particularly remembered for an enormous financial coup as the pound Sterling crashed at the time of Black Wednesday [16th September, 1992]. His success then was through a daring short-selling operation which can be admired for its daring or condemned for its contribution to a global economic crisis. Since then, his espousing of various social causes has led him to be pronounced ‘a dangerous leftist’ by Human Events’ readers, who in an online poll, recently voted him “the single most destructive leftist demagogue in the country.”

Soros is a big player

George is a capitalist superstar or a dangerous leftist supervillain. He may be speaking as an old man and a noted philanthropist concerned only to warn us that Europe is heading for yet more financial trouble. He may be speaking to avert or reduce such a crisis. He may be speaking with no personal agenda.

Or he may have the motives of a inveterate speculator

Or he may have the motives of a inveterate speculator, the gamester whose actions always designed to “tell” what he wants to reveal.

Or he may be plugging his new book

Or he may be plugging his new book, The Tragedy of the European Union, which was published this week, and which itself aligns with his libertarian political philosophy and his altruistic efforts.

Putting lipstick on a Rottweiler

To rephrase a term expressed by the American politician and folk philosopher Sarah Palin, you kin put lipstick on a Rottweiler but underneath it’s still a goddam Rotweiler .

Note to my students

I am not a supporter of either/or logic in assessing complex socio-economic issues. George Soros needs to be studied as a successful thought leader who shows consistency only in his skills of revealing what he wishes to reveal.


Dolphins reveal dangerous leadership patterns

January 24, 2009
Dolphin training for defense duties

Dolphin training for defense duties

It has been suggested that Dolphins are prone to flock towards a pod member in distress, sometimes risking the entire pod. Is there a message for humans in times of crisis?

The plight of the dolphin is both sad and rather puzzling. It was brought to mind by an article applying evolutionary psychology to explaining leadership and followership. I wondered if the article might throw light on leadership patterns in dolphin pods and dog packs, as well as in business, political, and social organizations.

The article, in American Psychologist, has captured the attention of organisational theorists such as Bob Sutton.

The study is entitled Leadership, Followship and Evolution: Some Lessons from the past. It provides an evolutionary perspective to leadership. The thrust of its analysis is that leading and following
are

strategies that evolved in ancestral environments … with potential for exploitation … [and that ] modern organizational structures are sometimes inconsistent with aspects of our evolved leadership psychology [p182]

And so to human behaviors under stress

Homo economicus shows signs of distress. Like the Dolphin, many utter those distress signals, and attract other pod members to their call.

This week [January 22nd 2009] you could hear the distress calls from Jim Rogers, a former partner of George Soros, picked up by The Independent newspaper

When asked his advice for a young person growing up in Britain, Jim Rogers, former partner of George Soros and one of the world’s most successful investors, is forthright. “Move to China; learn Chinese.”

Beware of dirty dolphins

We humans may be prepared to train up dolphins for our security needs, but by and large we hold them in high regard. Unfortunately, many animals, maybe even dolphins, may resort to devious behaviors to help their selfish genes.

The cry from Jim Rogers seems to be that of the dirty dolfin in action.

He has sold all his sterling assets and has “no position” in sterling, but Mr Rogers reveals that he had been planning to short-sell sterling in the present financial crisis, before recent disparaging remarks about the pound’s prospects from his own lips had put paid to those plans. “I should have kept my mouth shut.”

Mr Rogers had in mind a repeat of his previous coup, when he and Mr Soros’s Quantum Fund famously “broke” the Bank of England in 1992, when sterling was forced out of the European exchange rate mechanism, costing UK taxpayers $1bn and making Mr Soros and Mr Rogers correspondingly wealthier.

The moral of the fable

When you hear the cry of a distressed dolphin, be careful how you respond. You may just have heard a dirty dolphin engaged in dastardy behavior.

Acknowledgement

To Earth to the ground website for the dolphin image drawing attention to a story of how how dolphin flocking behaviors may be deployed for security purposes.