“I defended Soros from Republican attacks back in 2003,” writes Reason‘s Matt Welch. Last month, however, he revisited some of Soros’ adventures in the intersection between business and politics, citing a 2004 New Yorker profile of the billionaire activist:
Soros said that he tries to maintain a strict separation between his financial and his philanthropic work. Yet he acknowledged, “There are occasionally symbiotic moments between political and business interests.” He cited one example: an attempt to set up a public-policy think tank in England which had at first looked like a fruitless venture; it had landed him in what promised to be one of the most boring conferences of his life.
But, chatting with British notables, he caught a serendipitous glimpse of a way to break into the closed world of the British bond market, which he soon did. It became “one of the most rewarding weekends of my life,” he said. “I made many millions.”
Soros isn’t known as “the Man Who Broke the Bank of England” for nothing!