Friday, 31 October 2014
Last updated 8 hours ago
Apr 19 2013 | 11:18am ET
George Soros and Mark Twain now have something in common: greatly exaggerated reports of their deaths.
The Soros Fund Management founder was reported by Reuters yesterday evening to have died. The 82-year-old hedge fund billionaire, however, is very much alive.
That Reuters had made an error was perhaps apparent by the placeholders used for Soros' age and date of death. "George Soros, enigmatic financier, liberal philanthropist dies at XX," the headline read. The obituary itself opened, "George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that made him billions."
The obituary remained online for more than an hour before it was replaced by a correction.
"Reuters erroneously published an advance obituary of financier and philanthropist George Soros," the mea culpa reads. "A spokesman for Soros said that the New York-based financier is alive and well. Reuters regrets the error."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.