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Not all lead turns into gold Probably this book went way over my head. The one insight I think I got from it was that during the tech boom, many of the new products were appearing, not because of some fundamental increase in the rate of innovation brought on by the Web, but because of all the money pouring into startups because investors believed the Web would lead to such innovations for technological reasons. A phenomena Soros calls "reflexivity", I guess. But even without knowing that it seemed clear a boom was in progress that... more info
Wizard of Finance Soros explains here his key analytical principle of reflexivity - essentially a positive feedback loop - in the context of boom-bust cycles in financial markets and economies, and its applications in his extraordinarily successful "global macro" trading system during the 1970s, 80s, and early 90s. He gives unique contrarian insights into our understanding of supposedly cut-and-dried economic and financial ideas, such as his trenchant denial of the efficient markets hypothesis and financial markets... more info
