László Szombatfalvy

Who is László Szombatfalvy?

László Szombatfalvy is a businessman and author living in Stockholm, Sweden. Szombatfalvy fled to Sweden in 1956 following the Hungarian uprising of that year. He arrived with two empty hands. He gradually became interested in stock and developed a method of risk calculation for investments for which he became well known on the Swedish stock market. In the late 1980s his interests turned toward entirely different matters and he withdrew from the market. Over the past couple of years his attention has focused on the application of his risk assessment method to new fields. In November 2009 Szombatfalvy made his debut as an author. In the book The Greatest Challenges of Our Time he briefly analyzes the severe threats facing humanity issuing from four mega-problems: environmental damage, climate change, weapons of mass destruction and poverty. He emphasizes the necessity for politicians to perform risk calculations in order to make the right decisions. The book was translated and released in English in September 2010. At the same time a second version was released in Swedish.