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This was rushed out in a hurry. He's rich but none of his books are paint-by-number tracts for how to get rich yourself. A quick read; very datable and not too helpful at this time (Nov. 4th, 2009) IF you are interested in where the markets might be headed--as the book is aging faster than the markets are changing; but if you're new to Soros and want to get the gist of his world view in one, easily digestible meal, then it's definitely worth the price.It's definitely worth the price because Soros's ideas and opinions are generally quite good, astute, eminently reasonable and easy to understand. For that, beyond a very general framework, you're on your own, but if you want to understand financial markets in general and read intelligent opinions on related social and political situations, then he's one of the masters. If however you're a philosophy major I'd go elsewhere.
Mr.Soros is a genious investor but a very poor writter. His ideas are good but hard to follow.I read a great deal about banking and economics and willcontinue to read Mr.Soros has the statusto be one worth hearing. Think of how many people of note came from Hungry. Popper, Tesla ,Andy Grove and Soros.It must be the water.
Puts a foundation to your beliefs to where we are heading. Mr Soros fleshes out his economic theories in this volume. And disarmingly honest, Mr Soros admits his fallibilities in crystal ball gazing. And he links in his 50 years experience in the financial markets, with the ongoing mega-recession. A good read. That in itself sets him apart from most other writers in this field. Bravo, Mr Soros.
Four new chapters have been added to this revised edition of a popular classic, which should be in any serious financial collection. It creates a framework for understanding how the current financial crisis began, covering the author's prior prediction of a collapse of the global economy and why some of his predictions didn't come into place. A significant analysis, many a college-level classroom could use this for discussion.
Mr. Dr. The support for this claim is cited in a detailed history of actions for several of the past US crashes.
His expertise in making money off changes in currency truly allowed him to foresee this horrendous crash. The last chapters give his recommendation of what the world financial authorities should do to rectify the crash, and he did this for good reason given he was requested a congressional meeting to discuss the crash with other hedge fund managers. Soros wrote a detailed description of the crash of 2008.
In all the first 9 chapters are a very interesting and in some cases riveting account of the crash and his theories. Interestingly, he present a new theory (Reflexivity) in which he argues the actions a market take undermines the market's ability to truly understand the situation. He also strongly argues that market fundamentalist that believe markets should be un-regulated are totally wrong, and the market do not want equilibrium or equality of information.
Interesting book I would recommend it. Brian Glassman Ph.D in Innovation Management Purdue University
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