Mohamed A. El-Erian , Columnist

6 Events That Could Make Soros a Winner

The billionaire is betting on a significant decline in risk markets that he views as highly overvalued.

June 13, 2016 at 6:00 AM UTC

Mohamed A. El-Erian is a Bloomberg Opinion columnist. A former chief executive officer of Pimco, he is president of Queens’ College, Cambridge; chief economic adviser at Allianz SE; and chair of Gramercy Fund Management. He is author of “The Only Game in Town.”

Hearing his own counsel.
Photographer: Mark Wilson/Getty Images

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The Wall Street Journal reported last week that yet another respected longtime investor was trying to call time on financial markets that are getting stranger by the day. George Soros started trading again, positioning himself for what he expects to be a significant decline in risk markets that he views as highly overvalued.

For his bets to be profitable, however, timing will matter a great deal. And that has been particularly difficult to get right in markets that are so heavily influenced by the words and actions of central banks.