The New Paradigm for Financial Markets

Philosophy and Finance

This is very much like Soros's other books: a mix of (his own) Philosophy in PART I, and its possible applicability to the Finance markets of the time in PART II.

If you like Taleb's mix of Philosophy and Finance in Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets and The Black Swan: The Impact of the Highly Improbable then you'll Soros's approach.

If you're looking to emulate Soros's success, this book doesn't tell you how to do this in concrete steps. The theory of reflexivity explains the nature of financial markets (the problem) but doesn't give a solution.

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Understanding and preventing world-wide financial crises.

Mr. Soros understands and presents the philosophical and financial roots of financial crises. He has the rare background of a London School of Economics graduate, student of philosophy and successful hedge fund manager with over 50 years in investment banking. His concept of "Reflexivity" explains the "boom-bust" cycle that threatens world political-economic stability. He contrasts it with long held idea of market "equilibrium" that do not work for the social (vs. natural) sciences.

Soros 5/12/2008 Publication

The book is not only insightful, but an easy read for those curious about the direction of finance going forward. The explination on the meltdown of the economy is extraordinarly transparent. If finanicial professionals everywhere would have listened to his earlier book on the topic of reflexivity we would not be where we are today. It really is time that egos get checked at the door, and we start adopting a general understanding of what is real, and what are lies. There was a Senator from IL that clearly was a perfect example of how everything Mr. Soros has written about applies. Manipulate the truth long enough and eventually your selling something that doesn't exist. After enough sales your Madoff scandall's become unraveled and reality will surely rise to the top. Great work Mr. Soros. At least I don't have my head shoved up where the sun doesn't shine.

The Man is a Genius.

Soros is one of the great investing minds, along with his former partner, of course. And this book is yet another example of why. But where was this book one or two years ago when it was really needed?

Pay off debts and BUY GOLD

This is a fantastic book from an absolute expert in finances. I have already begun to sell my stocks and buy gold bullion and gold shares.

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