The Alchemy of Finance

George Soros

John Wiley & Sons, Jul 29, 2003 - Business & Economics - 391 pages

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.

What people are saying

Review: The Alchemy of Finance

User Review  - Stirling Mortlock - Goodreads

This is a book I read and re-read on a regular basis. Soros has the greatest track record of any money manager, ever. This should give anyone who is interested in managing money, or managing their own ...

Review: The Alchemy of Finance

User Review  - Cecilia Massura - Goodreads

Interesting ideas, but grueling to read. Even Soros suggested readers skip several sections that went into the details of his day-to-day trading activity. The bulk of the concepts and worthwhile ...

Contents

• Po1f: 2
• Po1t Th1ee: 12
• Po1t: 86
• The Collective System of Lending: 107
• Evolution of the Banking System: 123
• August 1985: 145
• August 1985December 1985: 153
• January 1986JuIy 1986: 201
• July 1986November 1986: 241
• November 1986: 295
• An Evaluation: 307
• The Quandary of the Social Sciences: 317
• Free Markets Versus Regulation: 325
• Toward an International Central Bank: 333
• The Paradox of Systemic Reform: 351
• Epilogue: 371
• Notes: 377

About the author

GEORGE SOROS is Chairman of Soros Fund Management, which serves as the principal investment advisor to the multibillion dollar Quantum Group of Funds. Soros's flagship Quantum Fund is recognized as the most successful investment fund ever, returning an average 31 percent annually for more than thirty years. Soros has been an important philanthropist since 1979. His charitable foundations are active in more than fifty countries and spend nearly half a billion dollars each year to support projects in education, public health, civil society development, human rights, and many other areas.

Bibliographic information

• Title: The Alchemy of Finance; Wiley investment classics
• Author: George Soros
• Edition: 2, illustrated, reprint
• Publisher: John Wiley & Sons, 2003
• ISBN: 0471445495, 9780471445494
• Length: 391 pages
• Subjects: Business & Economics / Accounting / General; Business & Economics / Finance; Business & Economics / Investments & Securities / General