Few investors have realized better sustained profits than George Soros. His hedge fund’s annualized returns exceeded 30% for over 30 years, and made him one of the world’s richest men. He gained fame in 1992 when he made a famous bet against the Pound Sterling and generated over $1 billion in profits in just 24 hours. While his political activities have generated controversy and criticism, no one can doubt his financial acumen.
He bases that acumen on a simple aphorism: “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.” He means, of course, that the most reliable stocks are the ones least likely to make waves in the markets or headlines in the news.
With this in mind, we’ve taken three of Soros’ recent big moves and looked them up in the TipRanks database. The platform revealed that these are Buy-rated tickers, and, more importantly, all three offer considerable upside potential. Let's take a closer look.
indie Semiconductor (INDI)
Lets start with a tech company in the semiconductor industry. indie works with the automotive companies, making the semiconductor chips that power cars’ computer systems. The company’s focus is on systems for autonomous vehicles, which will be even more computer-dependent than current models. indie’s products include chips and edge sensors for advanced driver assistance systems such as LiDAR, as well as connected cars and electrification systems. indie sees these technologies as the core of coming changes in the automotive industry.