In 1997, Soros "explained" that his world view is based on Hegelian thinking and shows his skillful application of the Hegelian dialectic. The idea that the American principles for self-government were "self-evident" truths is one in which the European elites NEVER agreed with, and I've read many academics who treat our founding principles with great contempt:
From Peter Myer's elist:"The Declaration of Independence may be taken as a pretty good approximation of the principles of an open society, but instead of claiming that those principles are self-evident, we ought to say that they are consistent with our fallibility. Could the recognition of our imperfect understanding serve to establish the open society as a desirable form of social organization? I believe it could, although there are formidable difficulties in the way. We must promote a belief in our own fallibility to the status that we normally confer on a belief in ultimate truth. But if ultimate truth is not attainable, how can we accept our fallibility as ultimate truth?
"This is an apparent paradox, but it can be resolved. The first proposition, that our understanding is imperfect, is consistent with a second proposition: that we must accept the first proposition as an article of faith. The need for articles of faith arises exactly because our understanding is imperfect. If we enjoyed perfect knowledge, there would be no need for beliefs. But to accept this line of reasoning requires a profound change in the role that we accord our beliefs." From The Capitalist Threat by George Soros http://www.mtholyoke.edu/acad/intrel/soros.htm
(4) George Soros Buys (and sells) the WORLD!
From: 10'th_Amend_to_STOP_Commie_FED <autodelete66@yahoo.com> Date: 03.03.2009 11:59 AM
Buys:
The Home Depot Inc.,
Union Pacific Corp.,
R.R. Donnelley & Sons Company,
Sells:
Ticketmaster,
Centennial Communications Corp.,
CSG Systems International Inc.
George Soros Buys (and sells) the WORLD!
http://www.gurufocus.com/news.php?id=49418
George Soros has been very active these days, writing articles about his views on policies. As usual, his portoflio turnover is high, and he got out of ETFs and bought many solid blue chips. These are his buys and sells in the fourth quarter.
George Soros buys Merrill Lynch & Co. Inc., Union Pacific Corp., R.R. Donnelley & Sons Company, Desarrolladora Homex S.A. de C.V., Hologic Inc., BRINKS HOME SECURITY HOLDINGS INC, H.J. Heinz Company, The Home Depot Inc., Lowe's Companies Inc., Google Inc., Aracruz Celulose S.A., Mechel OAO, ULTRASHORT FINANCIALS PROSHARES, Delta Air Lines Inc., Macy's Inc., Cirrus Logic Inc., Covidien Ltd., Symantec Corp., J.B. Hunt Transport Services Inc., Amdocs Ltd., Texas Instruments Inc., Yahoo! Inc., Discovery Holding Company Series A, CBL & Associates Properties Inc., Discovery Communications Inc Series C, SOLERA HOLDINGS INC, EMC Corp., Kinross Gold Corp., streetTRACKS Gold, ULTRASHORT RUSSELL2000 PROSHARES, Genworth Financial Inc., Harmonic Inc., Mylan Laboratories Inc., sells Ticketmaster, Centennial Communications Corp., CSG Systems International Inc., Chesapeake Energy Corp., Buffalo Wild Wings Inc., Auxilium Pharmaceuticals Inc., Amazon.com Inc., AlcatelLucent, General Growth Properties Inc, The Bank of New York Mellon Corp., iShares Dow Jones US Real Estate Index F, CarMax Inc., Micron Technology Inc., Bank of America Corp., Entergy Corp., Extreme Networks Inc., Frontline Ltd., GATX Corp., Tekelec, Suncor Energy Inc., SunTrust Banks Inc., Companhia Siderurgica Nacional, ECHOSTAR CORPORATION, RadiSys Corp., Research in Motion Ltd., NASDAQ 100 Trust Series I, Payless ShoeSource Inc., Nasdaq, Kimco Realty Corp., ITT Corp., International Rectifier Corp., HSN Inc., Whiting Petroleum Corp. during the 3-months ended 12/31/2008, according to the most recent filings of his investment company, Soros Fund Management LLC. George Soros owns 83 stocks with a total value of $3.1 billion. These are the details of the buys and sells.
* New Purchases: ARA, CBL, CFL, COV, CRUS, DAL, DISCA, DISCK, DOX, EMC, GLD, GNW, GOOG, HD, HLIT, HNZ, HOLX, HXM, JBHT, KGC, LOW, M, MER, MTL, MYL, RRD, SKF, SLH, SYMC, TWM, TXN, UNP, YHOO,
* Added Positions: ACI, BBY, CA, CDNS, CNX, COP, DPS, GS, HES, LO, LPS, MA, MSFT, NIHD, PBR, POT, SLB, TDC, UBB,
* Reduced Positions: BBND, CIEN, ELX, GLRE, JBLU, PAET, RDWR, T, TWTC, VZ, WIND, WMT,
* Sold Out: ALU, AMZN, AUXL, BAC, BK, BWLD, CHK, CSGS, CYCL, ETR, EXTR, FRO, GGP, GMT, HSNI, IRF, ITT, IYR, KIM, KMX, MU, NDAQ, PSS, QQQQ, RIMM, RSYS, SATS, SID, STI, SU, TKLC, TKTM, WLL,
For the details of George Soros's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=George+ Soros
Added: Petroleo Brasileiro S.A.Petrobras (PBR)
George Soros added to his holdings in Petroleo Brasileiro S.A.Petrobras by 73.77%. His purchase prices were between $17.4 and $26.89, with an estimated average price of $22.8. The impact to his portfolio due to this purchase was 12.5%. His holdings were 36,798,937 shares as of 12/31/2008.
PETROBRAS-ADR C is an integrated company operating in exploration production refining retailing and transportation of petroleum and its byproducts at home and abroad. ...
Added: Best Buy Co. Inc. (BBY)
George Soros added to his holdings in Best Buy Co. Inc. by 1637.81%. His purchase prices were between $17.54 and $27.96, with an estimated average price of $23.9. The impact to his portfolio due to this purchase was 8.23%. His holdings were 9,505,828 shares as of 12/31/2008.
Best Buy operates in a single business segment selling personal computers and other home office products ...
Added: Potash Corp. of Saskatchewan Inc. (POT)
George Soros added to his holdings in Potash Corp. of Saskatchewan Inc. by 77.38%. His purchase prices were between $53.31 and $90.83, with an estimated average price of $71. The impact to his portfolio due to this purchase was 6.19%. His holdings were 5,926,466 shares as of 12/31/2008.
Potash Corporation of Saskatchewan Inc. is the world's largest potash company the third largest phoshate producer and the second largest nitrogen producer in the world. Behind its growing success lies a vital infrastructure: knowledgeable PCS Sales staff throughout Canada and the United States a transportation network that includes truck train barge lake ship and ocean vessel and warehouses strategically located in major consuming areas. ...
Added: Hess Corp. (HES)
George Soros added to his holdings in Hess Corp. by 95.49%. His purchase prices were between $38.41 and $61.11, with an estimated average price of $50.9. The impact to his portfolio due to this purchase was 3.49%. His holdings were 4,077,802 shares as of 12/31/2008.
Hess Corporation is a global integrated energy company engaged in the exploration for and the production purchase transportation and sale of crude oil and natural gas as well as the production and sale of refined petroleum products electricity. ...
Added: ConocoPhillips (COP)
George Soros added to his holdings in ConocoPhillips by 100.44%. His purchase prices were between $46.84 and $52.52, with an estimated average price of $49.7. The impact to his portfolio due to this purchase was 2.9%. His holdings were 3,423,350 shares as of 12/31/2008.
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. ...
Added: Schlumberger Ltd. (SLB)
George Soros added to his holdings in Schlumberger Ltd. by 212.85%. His purchase prices were between $38.88 and $59.95, with an estimated average price of $46.8. The impact to his portfolio due to this purchase was 1.61%. His holdings were 1,705,028 shares as of 12/31/2008.
Schlumberger Limited is a global technology services company consisting of two business segments Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Oilfield Services is the leading provider of exploration and production services solutions and technology to the international petroleum industry. ...
Added: Arch Coal Inc. (ACI)
George Soros added to his holdings in Arch Coal Inc. by 67.84%. His purchase prices were between $12.22 and $24, with an estimated average price of $17.2. The impact to his portfolio due to this purchase was 1.04%. His holdings were 4,829,486 shares as of 12/31/2008.
ASHLAND COAL INC. is engaged in the mining processing and marketing of low-sulfur bituminous coal. ...
Added: CONSOL Energy Inc. (CNX)
George Soros added to his holdings in CONSOL Energy Inc. by 44.81%. His purchase prices were between $20.73 and $33.99, with an estimated average price of $28. The impact to his portfolio due to this purchase was 0.35%. His holdings were 1,207,193 shares as of 12/31/2008.
CONSOL Energy Inc. is the largest producer of high-Btu bituminous coal in the United States and the largest exporter of U.S. coal. ...
Added: Dr Pepper Snapple Group Inc. (DPS)
George Soros added to his holdings in Dr Pepper Snapple Group Inc. ...
DR PEPPER SNAPPLE Group is one of the largest beverage companies in the Americas. They manufacture market and distribute more than 50 brands of carbonated soft drinks juices ready to drink teas mixers and other premium beverages across the United States Canada Mexico and the Caribbean. ...
Added: Microsoft Corp. (MSFT)
George Soros added to his holdings in Microsoft Corp. by 129.18%. His purchase prices were between $18.99 and $23.61, with an estimated average price of $20.5. The impact to his portfolio due to this purchase was 0.06%. His holdings were 181,050 shares as of 12/31/2008. ... ...
Added: Goldman Sachs Group Inc. The (GS)
George Soros added to his holdings in Goldman Sachs Group Inc. The by 40.63%. His purchase prices were between $53.31 and $113.95, with an estimated average price of $80.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 18,000 shares as of 12/31/2008. ...
Added: MasterCard Inc. (MA)
George Soros added to his holdings in MasterCard Inc. by 75%. His purchase prices were between $126.42 and $156.6, with an estimated average price of $143.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 7,000 shares as of 12/31/2008. ...
New Purchase: Merrill Lynch & Co. Inc. (MER)
George Soros initiated holdings in Merrill Lynch & Co. Inc.. His purchase prices were between $9.55 and $16.35, with an estimated average price of $14.2. The impact to his portfolio due to this purchase was 8.81%. His holdings were 23,175,146 shares as of 12/31/2008. ...
New Purchase: Google Inc. (GOOG)
George Soros initiated holdings in Google Inc.. His purchase prices were between $262.43 and $372.54, with an estimated average price of $317.5. The impact to his portfolio due to this purchase was 0.44%. His holdings were 43,900 shares as of 12/31/2008. ...
New Purchase: Aracruz Celulose S.A. (ARA)
George Soros initiated holdings in Aracruz Celulose S.A.. His purchase prices were between $7.65 and $15.67, with an estimated average price of $10.4. The impact to his portfolio due to this purchase was 0.4%. His holdings were 1,098,731 shares as of 12/31/2008.
Aracruz Celulose S.A. produces bleached eucalyptus pulp. The Company is the world's largest producer of hardwood kraft market pulp which is used in the production of a wide range of paper products including premiun tissue printing and writing papers liquid packaging board and specialty papers. Aracruz Celulose S.A. has a market cap of $871.38 million; its shares were traded at around $7.53 with and P/S ratio of 0.46. The dividend yield of Aracruz Celulose S.A. stocks is 14.41%. Aracruz Celulose S.A. had an annual average earning growth of 28% over the past 5 years.
New Purchase: Mechel OAO (MTL)
George Soros initiated holdings in Mechel OAO. His purchase prices were between $3.93 and $9.17, with an estimated average price of $6. The impact to his portfolio due to this purchase was 0.37%. His holdings were 2,795,500 shares as of 12/31/2008.
Mechel Steel Group is a Russian metals and mining company uniting producers of steel rolled products hardware coal iron ore concentrate and nickel. Mechel Steel Group products are marketed domestically and internationally. Mechel OAO has a market cap of $1.85 billion; its shares were traded at around $3.91 with a P/E ratio of 0.5 and P/S ratio of 0.28.
New Purchase: ULTRASHORT FINANCIALS PROSHARES (SKF)
George Soros initiated holdings in ULTRASHORT FINANCIALS PROSHARES. His purchase prices were between $110.4 and $244.12, with an estimated average price of $144.2. The impact to his portfolio due to this purchase was 0.24%. His holdings were 70,500 shares as of 12/31/2008.
ULTRASHORT FINANCIALS PROSHARES has a market cap of $79.96 million; its shares were traded at around $169.1 . The dividend yield of ULTRASHORT FINANCIALS PROSHARES stocks is 0.6%.
New Purchase: Macy's Inc. (M)
George Soros initiated holdings in Macy's Inc.. His purchase prices were between $5.64 and $12.11, with an estimated average price of $9. The impact to his portfolio due to this purchase was 0.19%. His holdings were 571,000 shares as of 12/31/2008. ...
New Purchase: Delta Air Lines Inc. (DAL)
George Soros initiated holdings in Delta Air Lines Inc.. His purchase prices were between $6.03 and $10.98, with an estimated average price of $9.1. The impact to his portfolio due to this purchase was 0.19%. His holdings were 498,500 shares as of 12/31/2008.
Delta is America's fastest growing international carrier. ... Delta Air Lines Inc. has a market cap of $2.26 billion; its shares were traded at around $6.35 with and P/S ratio of 0.1.
New Purchase: Covidien Ltd. (COV)
George Soros initiated holdings in Covidien Ltd.. His purchase prices were between $33.78 and $45.94, with an estimated average price of $38.8. The impact to his portfolio due to this purchase was 0.1%. His holdings were 84,000 shares as of 12/31/2008.
Covidien is a leading global healthcare products company that creates innovative medical solutions ...
New Purchase: Cirrus Logic Inc. (CRUS) ...
New Purchase: J.B. Hunt Transport Services Inc. (JBHT) ...
New Purchase: Symantec Corp. (SYMC) ...
New Purchase: Texas Instruments Inc. (TXN) ...
New Purchase: Amdocs Ltd. (DOX) ...
New Purchase: Yahoo! Inc. (YHOO) ...
New Purchase: Discovery Communications Inc Series C (DISCK) ...
New Purchase: CBL & Associates Properties Inc. (CBL) ...
New Purchase: Discovery Holding Company Series A (DISCA) ...
New Purchase: SOLERA HOLDINGS INC (SLH) ...
New Purchase: EMC Corp. (EMC) ...
New Purchase: streetTRACKS Gold (GLD) ...
New Purchase: ULTRASHORT RUSSELL2000 PROSHARES (TWM) ...
New Purchase: Genworth Financial Inc. (GNW) ...
New Purchase: Kinross Gold Corp. (KGC) ...
New Purchase: Mylan Laboratories Inc. (MYL) ...
New Purchase: Harmonic Inc. (HLIT) ...
Reduced: BigBand Networks Inc. (BBND) ...
Reduced: Greenlight Capital Re Ltd. (GLRE) ...
Reduced: PAETEC Holding Corp. (PAET) ...
Reduced: Time Warner Telecom Inc. (TWTC) ...
Reduced: Ciena Corp. (CIEN) ...
Reduced: Radware Ltd. (RDWR) ...
Reduced: Verizon Communications Inc. (VZ) ...
Reduced: AT&T Inc. (T) ...
Reduced: Wind River Systems Inc. (WIND) ...
Reduced: Emulex Corp. (ELX) ...
Reduced: JetBlue Airways Corp. (JBLU) ...
Reduced: WalMart Stores Inc. (WMT) ...
Sold Out: Research in Motion Ltd. (RIMM) ...
Sold Out: RadiSys Corp. (RSYS) ...
Sold Out: NASDAQ 100 Trust Series I (QQQQ) ...
Sold Out: ECHOSTAR CORPORATION (SATS) ...
Sold Out: Bank of America Corp. (BAC) ...
Sold Out: Suncor Energy Inc. (SU) ...
Sold Out: Companhia Siderurgica Nacional (SID) ...
Sold Out: SunTrust Banks Inc. (STI) ...
Sold Out: Tekelec (TKLC) ...
Sold Out: Ticketmaster (TKTM) ...
Sold Out: Entergy Corp. (ETR) ... ...
Sold Out: Micron Technology Inc. (MU) ...
Sold Out: International Rectifier Corp. (IRF) ...
Sold Out: HSN Inc. (HSNI) ...
Sold Out: Chesapeake Energy Corp. (CHK) ...
Sold Out: GATX Corp. (GMT) ...
Sold Out: Frontline Ltd. (FRO) ...
Sold Out: CSG Systems International Inc. (CSGS) ...
Sold Out: Centennial Communications Corp. (CYCL) ...
Sold Out: ITT Corp. (ITT) ...
Sold Out: Auxilium Pharmaceuticals Inc. (AUXL) ...
Sold Out: CarMax Inc. (KMX) ...
Sold Out: Nasdaq (NDAQ) ...
Sold Out: iShares Dow Jones US Real Estate Index F (IYR) ...
Sold Out: Kimco Realty Corp. (KIM) ...
Sold Out: The Bank of New York Mellon Corp. (BK) ...
Sold Out: General Growth Properties Inc (GGP) ...
Sold Out: AlcatelLucent (ALU) ...
Sold Out: Amazon.com Inc. (AMZN) ...
Sold Out: Extreme Networks Inc. (EXTR) ...
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