The Alchemy of Finance
| Author | : | |
| Rating | : | 4.34 (593 Votes) |
| Asin | : | 0471445495 |
| Format Type | : | paperback |
| Number of Pages | : | 391 Pages |
| Publish Date | : | 2015-08-01 |
| 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. 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. . Copyright 1987 Reed Business Information, Inc. The most studious investm
Besides his numerous ventures in finance, Soros is also extremely active in the worlds of education, culture, and economic aid and development through his Open Society Fund and the Soros Foundation.. Dubbed by BusinessWeek as "the Man who Moves Markets," Soros made a fortune competing with the British pound and remains active today in the global financial community. This edition's expanded and revised Introduction details Soros's innovative investment practices along with his views of the world and world order. Filled with expert advice and valuable business lessons, The Alchemy of Finance reveals the timeless principles of an investing legend.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.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. Fantastic."—The Wall Street JournalGeorge Soros is unquestionably one of the most powerful and profitable investors in the world today. Now, in this special edition of the classic investment book, The Alchemy of Finance, Soros presents a theoretical and practical
"I would recommend to anyone who wanted to peer inside the Palindromes" according to J.livermore. One of the most powerful yet underrated books on finance and economics ever. The book has not received its due praise primarily because the writing tends to be a little muddled and distracting, and the main idea offered in the book is revolutionary and definitely runs contrary to the popular held beliefs of efficient market theory- and this is why the book is so valuable.I would recommend to anyone who wanted to peer inside the Palindromes mind to go and first read "Soros on Soros" which is a kind of brief overview of the ideas offered in this book but done in an in. K. Jimmerson said Can you read between the lines?. 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 education from Mr.Soros appears. A lot can be learned . "Crazy good and it's fun to read about someone that has" according to Ross Dessel. Crazy good and it's fun to read about someone that has such a high opinion about himself and isn't afraid to show it. Very articulate person who has a special gift that very few of us have other then a hand or two few.