The Alchemy of Finance: Reading the Mind of the MarketCritical Praise . . . "The Alchemy joins Reminiscences of a Stock Operator as a timelessinstructional guide of the marketplace." "An extraordinary . . . inside look into the decision-makingprocess of the most successful money manager of our time. Fantastic." "A breathtakingly brilliant book. Soros is one of the core ofmasters . . . who can actually begin to digest the astonishingcomplexity . . . of the game of finance in recent years." "A seminal investment book . . . it should be read, underlined, andthought about page-by-page, concept-by-idea. . . . He's the bestpure investor ever . . . probably the finest analyst of the worldin our time." "George Soros is unquestionably the most powerful and profitableinvestor in the world today. Dubbed by Business Week as 'The Man Who Moves Markets,' Soros has made a billion dollars going up against the British pound. Soros is not merely a man of finance, but athinker to reckon with as well. Now, in The Alchemy of Finance, this extraordinary man reveals the investment strategies that have made him 'a superstar among money managers'" |
Contents
Foreword | 1 |
Introduction | 11 |
The Theory of Reflexivity | 27 |
The Problem of the Social Sciences | 34 |
The Participants Bias | 40 |
Reflexivity in the Stock Market | 46 |
Reflexivity in the Currency Market | 69 |
The Credit and Regulatory Cycle | 81 |
August 1985 | 141 |
August 1985December 1985 | 148 |
January 1986July 1986 | 196 |
July 1986November 1986 | 236 |
November 1986 | 288 |
An Evaluation | 299 |
The Quandary of the Social Sciences | 309 |
Free Markets Versus Regulation | 317 |
The International Debt Problem | 91 |
The Collective System of Lending | 103 |
Reagans Imperial Circle | 110 |
Evolution of the Banking System | 118 |
The Oligopolarization of America | 128 |
Toward an International Central Bank | 324 |
The Paradox of Systemic Reform | 341 |
Epilogue | 361 |