The Alchemy of Finance
What if the markets are not machines of logic, but mirrors of our deepest fears, hopes, and illusions? The Alchemy of Finance peels back the polished surface of economic theory to reveal a volatile world shaped as much by perception as by reality. Through the lens of reflexivity—a daring theory that turns traditional finance on its head—the book explores how human bias fuels booms and busts, and how understanding that chaos can become a source of extraordinary insight. Is it possible to profit from uncertainty not by mastering it, but by dancing with it? Both philosophical and razor-sharp, this is a provocative invitation to rethink what we believe about money, markets, and the minds that move them.
- Originally Published: 1987
- Publisher : Wiley, 2015
- Pages: 416
- Genre: Finance, Investing, Markets
- Book Type: Hardcopy
- ISBN-13: 978-0-471-44549-4
- Access: Prime Membership
Description
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.
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