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Tuesday, May 10, 2011

International News 2011: 5 great investors not named Buffett

George Soros (left) and James Billington.Image via Wikipedia
When the Oracle of Omaha talks, people listen. But other successful investors also have things to teach us.

George Soros
Soros is mostly known for his successes in making large bets in the currency and commodity markets.
His most famous success may be the British government's Black Wednesday currency crisis, in which Soros correctly surmised that the country would have to devalue the pound, and reportedly made $1 billion by short selling sterling.

Ronald Perelman
But Perelman, whose net worth is about $12 billion, succeeded in much the same way as Buffett has -- by recognizing the value-creating potential of undervalued businesses.

John Paulson
Paulson made his name during the credit crisis that marked the end of the housing bubble. He reportedly shorted housing-related financial assets as well as shares of several major British banks.

Carl Icahn
While Buffett is rather open about his investment philosophies and methodologies, Simons maintains a lower profile. Nevertheless, his quantitative approach seems to work. Simons is estimated to be worth nearly $11 billion, and many people are willing to pay hefty management fees to let Renaissance Technologies put their cash to work.

http://money.msn.com/investment-advice/5-great-investors-not-named-buffett-investopedia.aspx?cp-documentid=6824399&GT1=33036


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