The Alchemy of Finance

Submitted by Book Library on 25 May, 2010 - 10:52

Critical Praise ..."The Alchemy joins Reminiscences of a Stock Operator as a timeless instructional guide of the marketplace. Paul Tudor Jones from the Foreword "An extraordinary. inside look into the decision-making process of the most successful money manager of our time. Fantastic. The Wall Street Journal" A breathtakingly brilliant book. Soros is one of the core of masters ...who can actually begin to digest the astonishing complexity ...of the game of finance in recent years. "Esquire" A seminal investment book ...it should be read, underlined, and thought about page-by-page, concept-by-idea...He's the best pure investor ever ...probably the finest analyst of the world in our time.

Barton M. Biggs, Morgan Stanley George Soros is unquestionably the most powerful and profitable investor in the world today. Dubbed by Business Week as "The Man Who Moves Markets, Soros has made a billion dollars going up against the British pound. Soros is not merely a man of finance, but a thinker to reckon with as well. Now, in The Alchemy of Finance: Reading the Mind of the Market (Wiley Audio) this extraordinary man reveals the investment strategies that have made him "a superstar among money managers" (The New York Times).

Positive Review of Book

I studied System Dynamics and this book makes so much sense when read from SD perspective. Systems can be reflexive and self enforcing. Soros simply discovered its relevance in world financial systems and successfully exploited it. I think he is a genius here.

Negative Review of Book

A very detailed and interesting recollection of Soros' finance strategy. But at the end of the book I am left with the feeling that the reason why he asks for so much regulation is because it is easier to forecast and influence the regulator than the market. I would trust him with my money but not with a classroom of economics students.

Author Biography

George Soros was born in Budapest, Hungary on August 12, 1930. He survived the occupation of Budapest and left communist Hungary in 1947 for England, where he graduated from the London School of Economics. While a student at LSE, Mr. Soros became familiar with the work of the philosopher Karl Popper, who had a profound influence on his thinking and later on his professional and philanthropic activities. The financier. In 1956 Mr. Soros moved to the United States, where he began to accumulate a large fortune through an international investment fund he founded and managed. Today he is Chairman of Soros Fund Management LLC.

Table of Contents

  • The Theory of Reflexivity.
  • Reflexivity in the Stock Market.
  • Reflexivity in the Currency Market.
  • The Credit and Regulatory Cycle.
  • HISTORICAL PERSPECTIVE.
  • The International Debt Problem.
  • The Collective System of Lending.
  • Reagan's Imperial Circle.
  • Evolution of the Banking System.
  • The ``Oligopolarization'' of America.
  • THE REAL-TIME EXPERIMENT.
  • The Starting Point: August 1985.
  • Phase 1: August 1985--December 1985.
  • Control Period: January 1986--July 1986.
  • Phase 2: July 1986--November 1986.
  • The Conclusion: November 1986.
  • EVALUATION.
  • The Scope for Financial Alchemy: An Evaluation of the Experiment.
  • The Quandary of the Social Sciences.
  • PRESCRIPTION.
  • Free Markets Versus Regulation.
  • Toward an International Central Bank.
  • The Paradox of Systemic Reform.
  • The Crash of '87.

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