The Alchemy of Finance Paperback – 29 July 2003

best ever book in my life

Good thought process on finance

Amazing book on finance.

Very good book, little tough to understand but worth reading.

May be i am a Novice to understand this , this book is too complex to understand , i tried and am still trying to comprehend what is written

This is my first book on Audible and I must say both the experience of being read out a book and the content was fulfilling.

Firstly, a little light about the author. George Soros is one of the most influential investor of our times. In this book, he has clearly described how he goes about understanding the world and the markets, in what he refers to as the “Theory of Reflexivity” and how his decision making in his trading operations always has an underlying belief about the potential outcome of events. The brilliant part is that unlike most other books out there, he uses non-technical methods to forecast the dynamic interplay between the participants of the market.For those who are history buffs, this book is a great interpretation of the political and economic history of recent times. The analyses on the conglomerate boom of the late 1960s, REITs boom, the abolition of the gold standard and its ramifications, Merger Mania of the 1980s are detailed and fascinating. The analyses on international debt and the cycle of lending using the Eurodollar market was very impressive.However, the most invaluable part is his trading diary which he maintains during the “Testing period”, in which he is experimenting his thesis and theory in practice all the while explaining his rationale and actions. It is a very informative and thrilling record of how the most successful macro hedge fund was managed until late 1986.This book is for:• Economists• Fund managers• Serious investors and traders• Banking professionals• Policy makers

The pages of the book were stuck together and required me to cut them apart to be able to read.Binding of the book was very low quality with excess paper sticking out from other pages which was then slyly folded to prevent the buyer from noticing this.Some pages were partially torn and not attached to the binding properly.Would not recommend buying this copy of the book.