George Soros sets aside a proportion of the profits from his financial gambles to fund educational foundations and other good works. In a humble way, I do the same. My modest five-figure portfolio of shares has performed well, and I give my adult children and the local church an occasional £500 out of the profits.
I had imagined I was doing good, but my satisfaction was recently www.buyambienguide.com punctured by an article in a left-wing journal which suggested that every successful mega-deal made by Soros is necessarily set off by an equivalent loss divided between a multitude of innocent little punters further down the line. In other words, he harms more people than he helps.
Is this correct? Am I also a hypocrite and a bad man?
Answer at ft.com, subscription free