Dewey Edition20
Reviews"...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)
Edition DescriptionRevised edition
Table Of ContentForeword 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
SynopsisGeorge Soros is unquestionably the most powerful and profitable investor in the world today. Dubbed by BusinessWeek as "The Man Who Moves Markets," Soros made a billion dollars going up against the British pound. Soros is not merely a man of finance, but a thinker to reckon with as well., Critical Praise for The Alchemy of Finance "The Alchemy of Finance joins Reminiscences of a Stock Operator as a timeless instructional guide of the marketplace." -- Paul Tudor Jones From the Foreword to the First Edition "An extraordinary . . . inside look into the decision-making process of the most successful money manager of our time. Fantastic." -- The Wall Street Journal "A breathtakingly brilliant book. Soros is one of the core of masters . . . who can actually begin to digest the astonishing complexity . . . of the game of finance in recent years." -- Esquire "A seminal investment book . . . it should be read, underlined, and thought about page by page, concept by idea. . . . Hes the best pure investor ever . . . probably the finest analyst of the world in our time." -- Barton M. Biggs , Director, BKF Capital Group, Inc. Updated to include a new Preface and Introduction by Soros, and a Foreword by Paul A. Volcker George Soros is unquestionably the most powerful and profitable investor in the world today. Dubbed by BusinessWeek as "The Man Who Moves Markets," Soros once made a billion dollars by betting that the British pound would be devalued. Soros is not merely a man of finance, but a thinker to reckon with as well. In The Alchemy of Finance, this extraordinary man reveals the investment strategies that have made him "a superstar among money managers" ( The New York Times )., 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., George Soros ist unbestritten einer der mächtigsten und gewinnträchtigsten Investoren weltweit; seine Investmentprinzipien sind immer populärer geworden. "The Alchemy of Finance" ist eine Sonderauflage der 1987 erschienenen Originalausgabe des Buches. Sie wurde umfassend aktualisiert und mit erweitertem Vorwort und Einleitung versehen, die Soros zeitlose Investmentstrategien in einen modernen Kontext stellen. Sie enthält ein neues Kapitel, in dem Soros seine Erfolgsgeheimnisse lüftet sowie ein Vorwort des ehemaligen US-Notenbankchefs Paul Volcker. Soros erläutert detailliert seine innovativen Investmentstrategien, die ihm über Jahrzehnte hinweg gute Dienste geleistet haben und gibt eine theoretische und praktische Einschätzung aktueller Finanztrends. "The Alchemy of Finance" erscheint in neuem Design als Band der Reihe 'Wiley's Investment Classics Series'.
LC Classification NumberHG4515