George Soros Explains the Current Challenges of Open Societies

George Soros, the hedge fund billionaire and leading philanthropist, has spoken about the challenges of open societies in the current world scenario. He explains that the uncontrolled advancement of laissez-faire capitalism along with the spread of market values across all areas of human life is foiling the democratic values and open society. Soros further said that the capitalist threat is the biggest enemy of the open society in today’s world, as communism has waned. When he was setting up the open society foundations in 1979, after making success in the financial market, the communism found to be the biggest enemy of the open society as it propagated the authority of the state over individual rights.

After the fall of communism in various Eastern European countries and the Soviet Union, the focus has shifted to western countries. However, Soros notes in The Atlantic that open society became a universal concept after the fall of communism. Interestingly, the open society foundations in the west did not register the importance of it and could not promote it significantly. After the fall of Berlin Wall, Soros personally spent 5-6 years to re-examine his thoughts on open society and started thinking about western society. He understood the need of reformulating the entire concept once it was referred to protect from communist menace. Soros rewrote the old concept of “power of the state over the individual freedom” to both “excessive power of state” and “excessive individualism” as the threat to open society concept.

He explained that too much competition with extremely less cooperation would create instability and intolerable inequalities. Soros thinks that the current society that is driven by the market place and laissez-faire capitalism doctrine is found to be imperfect if it cannot work on a common goal, not qualified for an open society and may break down. He, however, states that laissez-faire capitalism cannot be categorized with communism or Nazism as it inadvertently does the damage. Soros notes that while people enjoy a truly global market-based economy, they fail to notice the importance of keeping the values and other institutions for the creation of an open society.

George Soros is considered to be one of the biggest philanthropists in the earth with contributions over $13 billion in the last three decades. He supports various organizations working on accountable government, freedom of expression, societies that are promoting justice and equality, and transparency. Interestingly, Soros gave his support to various struggling communities including Europe’s Roma people, LGBTI people, sex workers, and more to bring back them to the main stream. Soros was born in Hungary in 1930, survived the Nazi invasion, and migrated to London after the Second World War. He completed his graduation from London School of Economics and emigrated to the U.S. in 1956. In 1970, Soros founded his hedge fund named Soros Fund Management and became the most successful hedge fund manager of the country.

Paul Mampilly, Financial Genius

Paul Mampilly is currently the editor of Profits Unlimited, a monthly publication dealing with stocks that have a promising future. The newsletter is one of the leading publications in the investment world with over 60,000 subscribers. He founded Profits Unlimited in 2016, intending to help the average person turn a profit by choosing the right investment strategy.

He mails out the newsletter monthly to all of his subscribers and highlights promising new stocks. He constantly monitors the performance of his investments and keeps his subscribers updated at least once a week. Paul Mampilly does not invest money for his subscribers, rather steers them to use their own brokerage accounts to buy stocks. Responses by several subscribers have been very positive in nature. One subscriber claims that after indulging in the recommended investments, he turned a profit of more than $45,000.

Paul Mampilly was born in India, and while still very young, he migrated to the United States. He would go on to reign in the financial world, accumulating more than 25 years of experience on Wall Street. He started his lustrous career working as a research assistant at Deutsche Bank in 1991. Soon after, he took the lead and started managing high dollar accounts for ING and Bankers Trust. He moved on to become manager at Kinetics International Fund, a $6 billion hedge fund. During his stint there, yearly returns were averaging a staggering 26 percent.

Paul Mampilly was the winner of the Templeton Foundation portfolio competition two years in a row from 2008-2009. His beginning investment of $50 million grew to a whopping $88 million in only one year. His personal investment record is very impressive as well. He purchased stock in Sarepta Therapeutics, and in less than one year, he sold it for a gigantic 2,539 percent gain.

The Success of Stephen Murray

Of the most powerful individuals in the United States is Steve Murray, a former private equity investor as well as a philanthropist that made generous donations to several different charitable organizations and foundations. Stephen Murray is most known for his position as president and chief executive officer of CCMP Capital. CCMP Capital is a private equity firm on crunchbase.com that specializes in both buyouts as well as in equity transactions. With a degree in economics, Mr. Steve Murray has made the most of his intelligence and his degree in order to develop and grow CCMP Capital even further into one of the largest privately owned equity firms in the world.

CCMP Capital is a company that is formally known as JP Morgan Partners. CCMP Capital has invested an approximated amount of $12 billion in their specialty in both leveraged buyout as well as in growth capital transactions on rcactrack.com. As a result, CCMP Capital was even ranked as number 17 in the world’s largest private equity funds. With over 50 employees, CCMP Capital currently has offices located in New York, London, Hong Kong, as well as in Tokyo. Everyone of these offices consists of close-knit employees that have the ultimate goal of providing unique solutions to every customer.

The company was originally founded as Chemical Venture Partners up until 1996 when the company was re-branded. following the company’s acquisition in 1996, Chemical Venture Partners became known as Chase Capital Partners. CCMP Capital is specifically a result of a spin-out from private equity groups from other leading investment banks. In 2007 Steve Murray was officially named as the company’s president and lead the company to even greater success within the years that he took control in office.

With his great success with CCMP Capital, Stephen Murray has become a generous donator to charitable organizations that he believes are worthy of donations. Among the many donations that Mr. Murray has made, his most generous donations have gone to the Make A Wish Foundation in Metro New York. In addition to this, Mr. Steve Murray has made donations to Boston College, the Food Bank of Lower Fairfield County, Stamford Museum, as well as the Columbia Business School.