The Alchemy of Finance

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.

Author: George Soros

Publisher: John Wiley & Sons

ISBN: 9780471445494

Category: Business & Economics

Page: 416

View: 864

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.


GEORGE SOROS His Thoughts on the Alchemy of Finance and Extraordinary Popular Delusions and the Madness of Crowds

As long as you have the ambition and drive you can earn a wonderful living in the investment world.Are you ready to learn the secrets that will make you a Billionaire like George Soros?Are you ready to build a great legacy for yourself by ...

Author: Earl Livingston

Publisher:

ISBN: 9781980276548

Category:

Page: 159

View: 358

Whether you're an at home trader or a seasoned investment professional, virtually anyone can improve their trading investing skills. As long as you have the ambition and drive you can earn a wonderful living in the investment world.Are you ready to learn the secrets that will make you a Billionaire like George Soros?Are you ready to build a great legacy for yourself by emulating the success lessons of the great?Are you ready to be one of the wealthiest people in the planet?If you are, then this book will show you how.If you're one of those, then this book is for you.

George Soros On Globalization

As we look toward the future and wonder what's ailing our economy, where our jobs are going, and whether the power of economics can be harnessed for positive changes, this thoroughly updated edition of George Soros on Globalization is a ...

Author: George Soros

Publisher: Hachette UK

ISBN: 158648687X

Category: History

Page: 208

View: 551

Never before have we stood to gain or lose as much from understanding the international economy. Scandals plague the world's largest corporations, the American trade deficit has soared to historic heights, and international organizations from the World Bank to the WTO are accused of being inefficient and corrupt. Is our global economy as unhealthy, and as unjust, as we think? And what can be done about it? At this critical juncture, George Soros, a major proponent of globalization, takes to task the many institutions that have failed to keep pace with our global economy. At the same time, he offers a compelling new paradigm to bring the institutions and the economy back into necessary alignment. Economics are amoral, he argues -- but neither our society nor our economy can afford to function without a distinct system of right and wrong. As we look toward the future and wonder what's ailing our economy, where our jobs are going, and whether the power of economics can be harnessed for positive changes, this thoroughly updated edition of George Soros on Globalization is a report no citizen of the world can do without.

The Alchemy of Finance Summary

getAbstract Summary: Get the key points from this book in less than 10 minutes.This is a remarkable book by a remarkable man.

Author: George Soros

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getAbstract Summary: Get the key points from this book in less than 10 minutes.This is a remarkable book by a remarkable man. Billionaire George Soros is one of the most notorious, successful speculators of the 20th century and one of the most freehanded philanthropists. Here he outlines a theory that leads to the conclusion that markets are not morally good, that the financial system is rigged to protect the interests of the rich and powerful, and that economics is a spurious science. Much can be said in criticism of this book. It is replete with logical fallacies, muddies the arguments of those with whom the author disagrees, sets up straw men, and does not take adequate account of work done by philosophers and psychologists in some of the areas the author explores. But, getAbstract finds that there is also a great deal of good that can be said. Soros is an original thinker, at his best when he is talking about his own direct experience. He is straightforward about how his ideas have changed, and about his trading and forecasting errors. And why shouldn't he be, when, as he says, his errors are the keys to his success?Book Publisher:Wiley

Soros on Soros

George Soros Ends the Speculation "The outcome [of this book] is a summing up of my life's work. . . As I finish the book, I feel I have succeeded.

Author: George Soros

Publisher: John Wiley & Sons

ISBN: 9780471119777

Category: Business & Economics

Page: 336

View: 223

George Soros Ends the Speculation "The outcome [of this book] is a summing up of my life's work. . . As I finish the book, I feel I have succeeded."-George Soros from the Preface Critical praise for Soros on Soros "If you have ever wanted to sit down for a candid conversation with a phenomenal financial success, George Soros's book provides the opportunity. You will meet a complex man and a first-rate mind."-Henry A. Kissinger "The best expert on Soros is undoubtedly George Soros! After all, who is better equipped to tell us what he really thinks and how he thinks, a matter of some importance given the fact that he has translated a remarkable personal financial success into a truly generous and historically significant effort to promote postcommunist democracy." -Zbigniew Brzezinski "The best X-ray of the mind of the master yet." -Barton M. Biggs "George Soros brings a lot more to the world of finance than the intuition and nerve of a born trader-and in Soros on Soros he's no longer bashful about telling us about it. A philosopher at heart, George attributes his success at investing to a theory of the interaction of reality and human perception. What really drives the man now, with a personal fortune beyond all personal need, is a different kind of strategic investing-investment to build in Eastern Europe the kind of open societies he came to value in his own life." -Paul A. Volcker Financial guru George Soros is one of the most colorful and intriguing figures in the financial world today. Now in Soros on Soros, readers are given their most intimate and revealing look yet into the life and mind of the one BusinessWeek dubbed, "The Man Who Moves Markets." Soros on Soros interweaves financial theory and personal reminiscence, political analysis and moral reflection to offer a compelling portrait of the world (and its markets) according to Soros. In an interview-style narrative with Byron Wien, Managing Director at Morgan Stanley, and with German journalist Krisztina Koenen, Soros vividly describes the genesis of his brilliant financial career and shares his views on investing and global finance, politics and the emerging world order, and the responsibility of power. Speaking with remarkable candor, he traces his progress from Holocaust survivor to philosophy student, unsuccessful tobacco salesman to the world's most powerful and profitable trader and introduces us to the people and events that helped shape his character and his often controversial views. In describing the investment theories and financial strategies that have made him "a superstar among money managers" (The New York Times), Soros tells the fascinating story of the phenomenally successful Soros Fund Management and its $12 billion flagship, Quantum Fund. He also offers fresh insights into some of his most sensational wins and losses, including a firsthand account of the $1 billion he made going up against the British pound and the fortune he lost speculating on the yen. Plus: Soros's take on the devaluation of the peso and currency fluctuations internationally. He tells of the personal and professional crises that more than once threatened to destroy him and of the personal resources he drew upon to turn defeat into resounding victory. And he explains his motivations for establishing the Soros Foundation and the Open Society Institute through which he worked to build open societies in postcommunist countries in Eastern Europe and the former Soviet Union. Finally, turning his attention to international politics, Soros offers keen insights into the current state of affairs in Russia and the former communist bloc countries and analyzes the reasons behind and likely consequences of the West's failure to properly integrate them into the free world. He also explores the crisis of the ERM and analyzes the pros and cons of investing in a number of emerging markets. Find out what makes one of the greatest financial wizards of this or any age tick. Soros on Soros is a must read for anyone interested in world finance and international policy.

George Soros Earn Your First Billion Dollars Using the Proven Investing Strategies of the Man Behind the Alchemy of Finance

Do you want to know the proven principles that have made the world's greatest investors become billionaires?Do you want to implement them in your own investing to emulate their success and become a billionaire yourself?Do you have what it ...

Author: Peter Parish

Publisher:

ISBN: 9781720178750

Category:

Page: 115

View: 202

Do you want to know the proven principles that have made the world's greatest investors become billionaires?Do you want to implement them in your own investing to emulate their success and become a billionaire yourself?Do you have what it takes to become the next investing household name like Warren Buffett and George Soros?If you said yes to those, then this book is for you.

The Age of Fallibility

And yet his differences with George Bush, another proponent of freedom, are profound. In this powerful essay Soros spells out his views and how they differ from the president's.

Author: George Soros

Publisher: Hachette UK

ISBN: 1586485334

Category: History

Page: 288

View: 479

After reflecting on his support of a losing Democrat for president, George Soros steps back to revisit his views on why George Bush's policies around the world fall short in the arenas most important to Soros: democracy, human rights and open society. As a survivor of the Holocaust and a life-long proponent of free expression, Soros understands the meaning of freedom. And yet his differences with George Bush, another proponent of freedom, are profound. In this powerful essay Soros spells out his views and how they differ from the president's. He reflects on why the Democrats may have lost the high ground on these values issues and how they might reclaim it. As he has in his recent books, On Globalization and The Bubble of American Supremacy, Soros uses facts, anecdotes, personal experience and philosophy to illuminate a major topic in a way that both enlightens and inspires.

The Soros Lectures

Five lectures George Soros recently delivered at the Central European University in Budapest - which he founded in 1991 - distill a lifetime of thinking on finance, capitalism and open society In a series of lectures delivered at the ...

Author: George Soros

Publisher: Hachette UK

ISBN: 1586488864

Category: Business & Economics

Page: 144

View: 487

Five lectures George Soros recently delivered at the Central European University in Budapest - which he founded in 1991 - distill a lifetime of thinking on finance, capitalism and open society In a series of lectures delivered at the Central European University in October 2009, George Soros provided a broad overview of his thoughts on economics and politics. The lectures are the culmination of a lifetime of practical and philosophical reflection. In the first and second lecture, Soros discusses his general theory of reflexivity and its application to financial markets, providing insight into the recent financial crisis. The third and fourth lectures examine the concept of open society, which has guided Soros' global philanthropy, as well as the potential for conflict between capitalism and open society. The closing lecture focuses on the way ahead, closely examining the increasingly important economic and political role that China will play in the future. "The Budapest Lectures" presents these five seminal talks into one volume, which offers a condensed and highly readable summary of Soros' world view.

Babylon s Banksters

Astrology, ancient temples, modern banking: here are the alchemical physics behind it all.

Author: Joseph P. Farrell

Publisher: Feral House

ISBN: 1932595791

Category: BUSINESS & ECONOMICS

Page: 303

View: 542

In a fascinating, unique and alternative history, author of The Philosophers' Stone Joseph P. Farrell outlines the consistent pattern and strategy of bankers in ancient and modern times, and their desire to suppress the public development of alternative physics and energy technologies. He unravels how financiers usurped the money creating power of the state to substitute a facsimile of money-as-debt. Here, Farrell peels back the layers of deception to reveal the possible deep physics that the 'banksters' have used in their financial policies.

Open Society

Examines economic theory and the causes of instability in an increasingly global economy, and discusses the concept of open society as a means of preventing financial disintegration.

Author: George Soros

Publisher: Little Brown GBR

ISBN: 9780316855983

Category: Capitalism

Page: 369

View: 772

George Soros is a legend in the world of finance. His Quantum Fund has been the best performing investment fund in history and his foundations have helped re-shape the post-Cold War world. In this thoroughly revised version of his international bestseller, George Soros reconsiders his analysis in the light of recent economic events. We need to improve our international arrangements to match our increasing economic interdependence. Soros proposes that the open societies of the world should form an alliance for the dual purpose of fostering the development of open society within individual countries, and to lay the groundwork for a global open society by strengthening international institutions and rules of behaviour. Whilst the hardback edition emphasised the financial side of the system, the paperback adds more weight to its political aspects. Offering brilliant solutions based on years of Soros's own experience as a financier and philanthropist, THE CRISIS OF GLOBAL CAPITALISM is essential reading for anyone involved with the new economy - that is, all of us.

The Crash of 2008 and What it Means

In the midst of one of the most serious financial upheavals since the Great Depression, George Soros, the legendary financier and philanthropist, writes about the origins of the crisis and proposes a set of policies that should be adopted ...

Author: George Soros

Publisher: Hachette UK

ISBN: 0786744936

Category: Business & Economics

Page: 288

View: 639

In the midst of one of the most serious financial upheavals since the Great Depression, George Soros, the legendary financier and philanthropist, writes about the origins of the crisis and proposes a set of policies that should be adopted to confront it. Soros, whose breadth of experience in financial markets is unrivaled, places the crisis in the context of his decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world.

The New Paradigm for Financial Markets

"This is the worst financial crisis since the 1930s," writes Soros in characterizing the scale of financial distress spreading across Wall Street and other financial centers around the world.

Author: George Soros

Publisher: Hachette UK

ISBN: 1586486845

Category: Business & Economics

Page: 192

View: 212

In the midst of the most serious financial upheaval since the Great Depression, legendary financier George Soros explores the origins of the crisis and its implications for the future. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. "This is the worst financial crisis since the 1930s," writes Soros in characterizing the scale of financial distress spreading across Wall Street and other financial centers around the world. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world.

The Tragedy of the European Union

Despite the considerable perils of this period, George Soros maintains his faith in the European Union as a model of open society. This book is a testament to his vision for a peaceful and productive Europe.

Author: George Soros

Publisher: Hachette UK

ISBN: 1610394224

Category: Business & Economics

Page: 208

View: 210

The European Union could soon be a thing of the past. Xenophobia is rampant and commonly reflected in elections across the continent. Great Britain may hold a referendum on whether to abandon the union altogether. Spurred by anti-EU sentiments due to the euro crisis, national interests conflict with a shared vision for the future of Europe. Is it too late to preserve the union that generated unprecedented peace for more than half a century? This is no mere academic question with limited importance for America and the rest of the world. In the past decade, the EU has declined from a unified global power to a fractious confederation of states with staggering unemployment resentfully seeking relief from a reluctant Germany. If the EU collapses and the former member states are transformed again from partners into rivals, the US and the world will confront the serious economic and political consequences that follow. In a series of revealing interviews conducted by Dr. Gregor Peter Schmitz, George Soros—a man of vast European experience whose personal past informs his present concerns—offers trenchant commentary and concise, prescriptive advice: The euro crisis was not an inevitable consequence of integration, but a result of avoidable mistakes in politics, economics, and finance; and excessive faith in the self-regulating financial markets that Soros calls market fundamentalism inspired flawed institutional structures that call out for reform. Despite the considerable perils of this period, George Soros maintains his faith in the European Union as a model of open society. This book is a testament to his vision for a peaceful and productive Europe.

Masquerade

Superbly translated by Humphrey Tonkin, Masquerade is a unique account of how one man managed not only to survive but to retain his integrity, compassion, family unity, and humor by “dancing around death.” Like Klemperer’s Diary of ...

Author: Tivadar Soros

Publisher: Simon and Schuster

ISBN: 1628720190

Category: History

Page: 288

View: 885

The Nazis came late to Hungary because, until early 1944, Germany and Hungary were allies. But when they did arrive, their orders were to put the “Final Solution” into effect with deliberate speed. Soros, a Jewish lawyer in Budapest, secured fake Christian identities for himself, his wife, and his two sons following the German invasion of Hungary on March 19, 1944. In a narrative reminiscent of the great Primo Levi, Soros recounts his experiences with a beguiling humor, deep humanity, and a wisdom that is humbling. Superbly translated by Humphrey Tonkin, Masquerade is a unique account of how one man managed not only to survive but to retain his integrity, compassion, family unity, and humor by “dancing around death.” Like Klemperer’s Diary of the Nazi Years, this very personal, low-key testament of the Holocaust is a gripping depiction of “normal” daily life under the Nazis—told by a man who triumphed by leading an ordinary life under extraordinary and terrifying circumstances.

The Crisis Of Global Capitalism

Offering brilliant solutions to the global meltdown, based on years of Soros's own experience as a financier and philanthropist, this is essential reading for anyone involved with the new economy—that is, all of us.

Author: George Soros

Publisher: PublicAffairs

ISBN: 9781891620270

Category: Business & Economics

Page: 288

View: 448

The global economy, on which the world now depends more than ever, is in crisis. The Russian economy has collapsed, leading to punishing inflation and economic hardship. Scores of Japanese banks are in ruin while the Japanese government muddles along, the nation falling deeper and deeper into recession. The once-booming economies of Thailand, Malaysia, and Indonesia have imploded. Brazil and the rest of Latin America has begun to edge toward the precipice, and even in Europe and America the markets lurch violently, wiping out gains with each passing week. No one is better positioned to explain the current global financial crisis than George Soros, the man Morgan Stanley head Barton Biggs calls "the finest analyst of the world in our time." In The Crisis of Global Capitalism, Soros, chairman of Soros Fund Management (whose Quantum Fund is considered to have been the best performing investment fund in the world over the past thirty years), dissects the current crisis and economic theory in general, revealing how theoretical assumptions have combined with human behavior to lead to today's mess. He shows how unquestioning faith in market forces blinds us to crucial instabilities, and how those instabilities have chain-reacted to cause the current crisis—a crisis that has the potential to get much, much worse. Offering brilliant solutions to the global meltdown, based on years of Soros's own experience as a financier and philanthropist, this is essential reading for anyone involved with the new economy—that is, all of us.

Finance at the Threshold

In the preface to the 1994 revised edition of The Alchemy of Finance, in which Soros reflects on and modifies or refines his earlier thinking, ...

Author: Christopher Houghton Budd

Publisher: CRC Press

ISBN: 1317135199

Category: Business & Economics

Page: 258

View: 548

Every banking crisis, whatever its particular circumstances, has two features in common with every previous one. Each has been preceded by a period of excessive monetary ease, and by ill thought out regulatory changes. For many the recent hiatus in inter-bank lending has been seen as a blip - enormous in size and global in scope, but, nonetheless, a blip. Finance at the Threshold offers a unique perspective from an English economic and monetary historian. In it the author asks: Why did the banks stop lending to one another, and why now? Was it merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits? Have government bail-outs saved the day or merely postponed the problem? Christopher Houghton Budd offers a radical view of the global financial crisis, spanning a wide gamut of current thinking. He argues that we need, above all, to overcome the left-right divide so much taken for granted today, and promote financial literacy to young people. His contribution to the Transformation and Innovation Series claims that global finance has brought us to the limits of what mechanistic economic explanations can capture. New ideas and above all new instruments are needed so that innovation can shift from its dexterous exploitation of inefficiencies and turn its attention instead to fresh initiative. Finance at the Threshold is essential reading for academics and practitioners concerned with financial and economic policy and needing to develop a sense of the history thus understanding the forward prospects for global finance.

The Geography of Finance

If widely perceived as short-term in orientation and antithetical to established interests, the alchemy of finance is its capacity to price the past in ...

Author: Gordon L. Clark

Publisher: Oxford University Press

ISBN: 0199213364

Category: Business & Economics

Page: 242

View: 586

The Geography of Finance tackles crucial issues regarding the emerging global market for corporate governance. The authors describe and explain the transformation of European corporate governance in the light of the imperatives driving global financial markets, using an innovative analytical framework.The authors chart the response of corporate managers to the interest of global portfolio managers in transparent and accountable modes of corporate governance. In doing so, the authors provide an innovative perspective on a rapidly changing environment; and a challenge to those who ignore the gathering momentum of global financial markets.

My Philanthropy

This text reveals the thinking and practice that drives a lesser known aspect of this remarkable man's life, his goals for society and his philosophy.

Author: George Soros

Publisher: Hachette UK

ISBN: 1610392701

Category: Business & Economics

Page: 62

View: 667

George Soros is one of the world's leading philanthropists. Over the past 30 years, he has provided more than 7 billion to his network of foundations, known collectively as the Open Society Institute, for projects around the world and in the United States. In this e-book, Soros writes in detail for the first time about his vision for philanthropy. “I have always been leery of philanthropy,” he writes, “Philanthropy is supposed to be devoted to the benefit of others, but many philanthropists are primarily concerned with their own benefit.” Soros engages in philanthropy not out of a desire for praise or to impose his vision upon the world but out of a strong sense of moral duty: “My success in the financial markets has given me a greater degree of independence than most other people enjoy. This allows me to take a stand on controversial issues. In fact, my exceptional position obliges me to do so.” Soros is celebrated for his brilliant financial and economic insights and his investment strategies. But his contribution to philanthropy and the impact of his generosity is equally impressive. This text reveals the thinking and practice that drives a lesser known aspect of this remarkable man's life, his goals for society and his philosophy.