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Binding: HardcoverDewey Decimal Number: 332.0973 EAN: 9781586486839 ISBN: 1586486837 Label: PublicAffairs Manufacturer: PublicAffairs Number Of Items: 1 Number Of Pages: 208 Publication Date: May 05, 2008 Publisher: PublicAffairs Studio: PublicAffairs Editorial Review: Product Description: In the midst of the most serious financial upheaval since the Great Depression, legendary financier George Soros explores the origins of the crisis and its implications for the future. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. “This is the worst financial crisis since the 1930s,” writes Soros in characterizing the scale of financial distress spreading across Wall Street and other financial centers around the world. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world. Average Rating:
 Rating:  - Practical insights and new rules from George SorosLegendary financier George Soros is worried. The financial markets face the worst credit crisis since the Depression and their existing paradigm needs to be replaced. The new paradigm Soros recommends is based on what he calls the "theory of reflexivity." This book-length essay provides a crash course in the billionaire investor's philosophy and view of financial markets, the origins and consequences of the current credit crunch, the boom-bust model and the behavior of market participants. Soros ... Read More Rating:  - Amateur philosophy by a speculator whose success has gone to his headThe core idea of this book is a concept that Soros calls "reflexivity". He describes this concept as "a two way connection between participants' thinking and the situation in which they participate." Reflexivity in the financial markets, according to Soros, leads to "an element of uncertainty in the course of events that is absent from natural phenomena." What Soros fails to explain is why the uncertainties caused by reflexivity are special and need to be treated differently from other ... Read More Rating:  - No Holy GrailHaving read all of the Soros books I would say this is less convoluted and less disappointing than most. If you are looking for concrete investment ideas prepare to be let down. Interesting discussion of markets and the current crisis in particular-as the title suggests Soros is bearish and not without good reason. Only time will tell if he got it right this time. Rating: - superbubble worry, but it is heuristicSoros' little book is a delightful read due to an exceptional sincerity and intellectual honesty. His youthful curiosity and seemingly consuming desire for philosophical debate is disarming and infectious but also a bit narcissistic, as student "bull sessions" tend to be. In fact, the two smiling photographs of him at the end of the book corroborate the aura of a person eager and happy for philosophical discourse and being entertained by and thoroughly enjoying a reciprocal and progressive discussion. ... Read More Rating:  - Absolutely mindbreaking!!Soros goes where nobody has ever gone before, he actually proposes a new paradigm that contradicts actual economic theory common sense, which can be empirically proved on an everyday basis. This new paradigm, based on his theory of reflexivity, helped me understand better how markets tend to behave sometimes, and will surely help every reader in the same way. Definately recommended for everyone who is interested in the subject, from economic theory grad students, to hedge fund managers. |
