The Alchemy of Finance  (English, Paperback, Soros George)

The Alchemy of Finance is one among the revolutionary and classic Wiley investments book by George Soros.

Summary Of The Book

The book Alchemy of Finance by George Soros is a layman's guide to the world of finance and financial planning. Written in comprehensive English, this book is wisely divided into five sections that deals with the author’s personal views of several topics and theories related to the economy.

Some of the topics discussed in this book are the theory of Reflexivity in the Stock Market and the theory Reflexivity in the Current Market, the historical events like the International Debt Problem, Reagan’s Imperial Circle, and the Oligopolarization of America. This book also has a section wherein the author talks about his perception through his experiences with the Quantum Hedge Fund's executions from 1985 to 1986.

Whereas, in the other sections of this book, the author presents an evaluation of his own investments and  advises the readers about free markets against regulation, the Paradox of Systemic Reforms, The Crash of 1987’s Markets, and investments in international central banks. The readers of this book can find some of the secret behind the billionaire George Soros’s undoubted success.

The new edition of this book comes with an elaborate new preface, an introduction, and a foreword by Paul A. Volcker, a famous American Economist.

About George Soros

George Soros is the acclaimed Hungarian American business tycoon, philanthropist, and financier and investor. He was ‘The Man Who Broke the Bank of England’ during the Black Wednesday incident of 1992.

Some of his other works consists of books like The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means, Bubble of American Supremacy, Open Society Reforming Global Capitalism Reconsidered, George Soros on Globalization, The Age of Fallibility: Consequences of the War on Terror, The Soros Lectures: At the Central European University, The Crisis Of Global Capitalism: Open Society Endangered, The Crash Of 2008 And What It Means: The New Paradigm For Financial Markets,  and Underwriting Democracy: Encouraging Free Enterprise And Democratic Reform Among The Soviets In Eastern Europe.

George was born in a non-believer Jewish family in Budapest. He acquired his Bsc degree from the London School of Economics in the year 1952. After working as a fancy goods seller by the sea and various memento shops, railway porter, and waiter George managed to get a trainee post at the then Singer & Friedlander, a financial service providing agency. George Soros is also the chairperson and founder of Soros Fund Management and the Open Society Foundations. He was an ardent follower of his professor, during his graduation days, and the philosopher Karl Popper.

George has won several honorary degrees from various eminent educational institutes like the New School for Social Research, the Corvinus University of Budapest, University of Bologna, the University of Oxford, Yale University, and the Yale International Center for Finance Award from the prestigious Yale School of Management.