Description
Book SynopsisGeorge Soros is unquestionably one of the most powerful and profitable investors in the world today, and his investment principles have only grown in popularity. In Alchemy of Finance, Soros reveals his innovative investment philosophies and his views of the world and world order. President of the phenomenally successful Quantum Fund, which has 4.
Trade Review“…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)
"Wer genau wissen will, wie das ungarische Finanzgenie gegen das Pfund spekulierte, kommt hier voll auf seine Kosten. In seiner Alchemistenküche gibt George Soros fantastische Einblicke in den Entscheidungsprozess eines mit allen Wassern gewaschenen Spekulanten." (WERTPAPIERE - Das Börsenjournal, 4. Dezember 2003)
Table of ContentsForeword to the New Edition
by Paul A. Volcker xi
Foreword to the First Edition
by Paul Tudor Jones II xv
New Preface xix
New Introduction 1
Part One Theory
1. Reflexivity in the Stock Market 49
2. Reflexivity in the Currency Market 73
3. The Credit and Regulatory Cycle 85
Part Two Historical Perspective
4. The International Debt Problem 95
5. The Collective System of Lending 107
6. Reagan’s Imperial Circle 115
7. Evolution of the Banking System 123
8. The “Oligopolarization” of America 133
Part Three The Real-time Experiment
9. The Starting Point: August 1985 145
10. Phase 1: August 1985–December 1985 153
11. Control Period: January 1986–July 1986 201
12. Phase 2: July 1986–November 1986 241
13. The Conclusion: November 1986 295
Part Four Evaluation
14. The Scope for Financial Alchemy: An Evaluation of the Experiment 307
15. The Quandary of the Social Sciences 317
Part Five Prescription
16. Free Markets Versus Regulation 325
17. Toward an International Central Bank 333
18. The Paradox of Systemic Reform 351
19. The Crash of ’87 355
Epilogue 371
Notes 377
Appendix 381
