The Alchemy of Finance
| Author | : | |
| Rating | : | 4.45 (918 Votes) |
| Asin | : | 0471445495 |
| Format Type | : | paperback |
| Number of Pages | : | 391 Pages |
| Publish Date | : | 2017-01-17 |
| Language | : | English |
DESCRIPTION:
From Publishers Weekly Soros, who manages the Quantum mutual fund based in Venezuela, here traces the fund's performance in a controlled experiment using leverage in many markets (stocks, bonds, indexes, currency, etc.), to test the Reaganomics "imperial circle" and to demonstrate his own economic theory of "reflexivity." It is investors' perception of market values, claims the author, which perpetuates up-or-down price trends, foreign exchange movements, periodic government regulation, and so on. . The most studious investment calculations, he concedes, are in the end more alchemy than science. Copyright 1987 Reed Business Information, Inc. domestic and trade deficits and the Damoclean Third World debt, Soros offers innovative suggestions, including an international oil-based currency and a system of variable interest-rate bonds keyed to the volume of a borrower country's export trade. As to such problems as the massive U.S
This special edition will feature a new chapter by Soros on the secrets of his success and a new Foreword by the Honorable Paul Volcker, former Chairman of the Federal Reserve. New Foreword by renowned economist Paul Volcker "An extraordinary inside look into the decision-making process of the most successful money manager of our time. George Soros (New York, NY) is President of Soros Fund Management and Chief Investment Advisor to Quantum Fund N.V., a $12 billion international investment fund. He also describes a new paradigm for the "theory of reflexivity" which underlies his unique investment strategies. Besides his numerous ventures in finance, Soros is also extremely active in the worlds of education, cultu
Can you read between the lines? K. Jimmerson Have read a lot of reviews about this book. Some complain that it rambles on. It does, and thats what I liked so much about it. Like Mr. Soros's explanation of reflexivity you really have to contemplate this book with "reflexivity". In other words, if you come to this tome thinking you are going to learn some of his billionaire secrets, forget about it. He is too smart for that. He is not going to spell it out for you. Hoewever if you can read between the lines and learn by doing so, then that is where your free ed. Five Stars Loved it. Soros is a scary billionaire socialist Mr. Evil, but I loved this book. Book Review from the Aleph Blog One trap you can fall into in life is to not learn from those that you disagree with, for one reason or another. George Soros would be an example of that. His politics are very different from mine, as well as his religious views. He's a far more aggressive investor than I am as well. I am to hit singles with high frequency over the intermediate term. He played themes to hit home runs.The Alchemy of Finance made a big impression on me 15 years ago. Perhaps it was a book that was in the right place at the right time.