The Alchemy of Finance

( 3 )

Overview

New chapter by Soros on the secrets to his success along with a new Preface and Introduction.
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. Fantastic." -The Wall Street Journal
George Soros is unquestionably one of the most powerful and profitable investors in the world today. Dubbed by ...
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Overview

New chapter by Soros on the secrets to his success along with a new Preface and Introduction.
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. Fantastic." -The Wall Street Journal
George Soros is unquestionably one of the most powerful and profitable investors in the world today. 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. Now, in this special edition of the classic investment book, The Alchemy of Finance, Soros presents a theoretical and practical account of current financial trends and a new paradigm by which to understand the financial market today. This edition's expanded and revised Introduction details Soros's innovative investment practices along with his views of the world and world order. He also describes a new paradigm for the "theory of reflexivity" which underlies his unique investment strategies. 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. 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.
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Editorial Reviews

From the Publisher
“…contains a detailed description of his trading methods and repays careful reading.” (Investors Chronicle, 1st April 2005)

“…these updated classics are packed  with investment wisdom…” (What Investment, November 2003)

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Product Details

  • ISBN-13: 9780471445494
  • Publisher: Wiley
  • Publication date: 7/28/2003
  • Series: Wiley Investment Classics Series
  • Edition description: Revised
  • Edition number: 2
  • Pages: 416
  • Sales rank: 267,864
  • Product dimensions: 6.04 (w) x 9.09 (h) x 1.08 (d)

Meet the Author

GEORGE SOROS is Chairman of Soros Fund Management, which serves as the principal investment advisor to the multibillion dollar Quantum Group of Funds. Soros’s flagship Quantum Fund is recognized as the most successful investment fund ever, returning an average 31 percent annually for more than thirty years. Soros has been an important philanthropist since 1979. His charitable foundations are active in more than fifty countries and spend nearly half a billion dollars each year to support projects in education, public health, civil society development, human rights, and many other areas.
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Table of Contents

Foreword to the New Edition by Paul A. Volcker.

Foreword to the First Edition by Paul Tudor Jones II.

New Preface.

New Introduction.

PART ONE: THEORY

1. Reflexivity in the Stock Market.

2. Reflexivity in the Currency Market.

3. The Credit and Regulatory Cycle.

PART TWO: HISTORICAL PERSPECTIVE.

4. The International Debt Problem.

5. The Collective System of Lending.

6. Reagan’s Imperial Circle.

7. Evolution of the Banking System.

8. The "Oligopolarization" of America.

PART THREE: THE REAL-TIME EXPERIMENT.

9. The Starting Point: August 1985.

10. Phase 1: August 1985-December 1985.

11. Control Period: January 186-July 1986.

12. Phase 2: July 1986-November 1986.

13. The Conclusion: November 1986.

PART FOUR: EVALUATION.

14. The Scope for Financial Alchemy: An Evaluation of the Experiment.

15. The Quandary of the Social Sciences.

PART FIVE: PRESCRIPTION.

16. Free Markets Versus Regulation.

17. Toward an International Central Bank.

18. The Paradox of Systemic Reform.

19. The Crash of '87.

Epilogue.

Notes.

Appendix.

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Customer Reviews

Average Rating 3.5
( 3 )
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Sort by: Showing all of 2 Customer Reviews
  • Anonymous

    Posted May 2, 2004

    The Alchemy of Confusion...

    This book was good, however, it confused me. I started to get confused about two pages into the New Introduction. I think that it might have been assumed in the revision of this book that those who would buy it were those people who had already read it. When the author started to explain the theory of reflexivity in terms that only economists would understand, I thought that I had chosen to read a book that was way over my head. However, when I started to read Chapter 1, I felt instantly better because I could understand the point that he was trying to make. I think that instead of being an Introduction, the New Introduction should actually be an appendix. That way, if people are curious about how the author reached his theory, they can read it after they have read and understood his theory. Otherwise it puts people out on a limb because they can't understand what the author is trying to talk about until Chapter 1.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted July 1, 2010

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