About this title: 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.George Soros, whose breadth of experience in financial markets is unrivalled, places the current crisis in the context of decades of study of how individuals and ...
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Description: Good. 1586486993 Fast Shipping. Book torn, creased, missing dust jacket or otherwise damaged. Customer Service is our #1 priority. read more
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"As a work of philosophy, obtuse and pedantic. Applied outside of the markets, Soros' philosophies are a nice intellectual exercise, but he himself offers very little insight. Additionally, his work is overly simplistic to apply to finance. Reflexivity is a reductionist philosophy that manages to remove the actual insight required to make intelligent investing decisions. His, and any good, investment decisions are based first and foremost on sound fundamental data, good counsel, research, and impeccable timing... not to mention a healthy portion of luck. Any practitioner of finance will know that the devil's in these sort of details. Unfortunately, a reader who wants to learn such details will be left sorely disappointed."
"I appreciated the candid description of the ideology that has gotten our economy into trouble - he calls it 'market fundamentalism'. Too many politicians & regulators have been thinking & acting as if market forces on their own would automatically correct the economy so there wasn't any need for any regulations... never mind the lessons from the Great Depression. The laws passed during FDR's presidency in the 30's to ensure nothing that bad could ever happen again are not relevant to our times. Oh ya? Too bad the lessons have to be learned the hard way all over again... after a lot of people have suffered unnecessarily."
"On the down side, he tries to make too much of the philosophical side of his argument - he describes it as if it were a new theory, but I swear I've heard it before. On the positive side, he really explains well the crash, why it happened and so forth. Very educational in that respect."
"I really want to like this book and can't deny that Soros obviously has some fundamental truth to his Reflexivity Theory.
The first half of the book is spent explaining his theory of reflexivity and how it contradicts to the financial equilibrium theory. Both theories are philosophical ideas and the first half of the book reads like a mixture of a philosophy text and an short autobiographical summary of his role in the financial market. This is also the part that I leaves me finding it hard to really enjoy the book. There were numerous times when I found myself resorting to reading paragraphs over for a second or third time to make sure I understood them. I don't think that it was the complexity of the subject matter though, but instead was the overly-complex way that Soros explained it all.
The second half of the book is his attempt at analyzing the credit crash of 2008 with his reflexivity theory. This part is an easier read, but only if you've spent the time to make sure the first half sunk in properly. It lends great credit to his credibility that the majority of his predictions for the latter half of 2008 came out as he expected.
Overall I'd say that this book is worth reading, but only if you have a string desire for financial literature and/or you really enjoy reading philosophical texts. I read it based on the former and had to struggle based on the latter."
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