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.
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 interview style so the writing is much more cogent and readable. But, once you have finished that I would definitely recommend reading “Alchemy…” The ideas and information offered inside are powerful and game changing to those who can understand them- which certainly doesn’t take a PHD, just an open mind and bit of thought.
In fact, it was after reading this book that the young Stanley Drunkenmiller sought out George Soros and asked to work with him, and Paul Tudor Jones, made it a requirement to read and understand this book before joining his fund. If that is not enough of a referral then I don’t know what is. Read this book, take notes, and internalize the lessons and ideas inside and you will much better off for it.