List Price: £12.99 Price: £7.74 You save: £5.25 (40%)
Media: Hardcover Availability: Usually dispatched within 24 hours
Customer Reviews:
Avg. Customer Rating: 3.0 / 5.0
Philosophy and Finance This is very much like Soros's other books: a mix of (his own) Philosophy in PART I, and its possible applicability to the Finance markets of the time in PART II. If you like Taleb's mix of Philosophy and Finance in Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets and The Black Swan: The Impact of the Highly Improbable then you'll Soros's approach. If you're looking to emulate Soros's success, this book doesn't tell you how to do this in concrete steps. The theory of... more info
He's got the answer Hidden inside the book, towards the end, Mr. Soros points out that when those who create credit are in trouble the government has to bail them out, as credit creation is too important. Therefore they should accept that since they are at government protection and they need to pay a price. And the price is anti-bubble-cycle regulation (my words, he puts it much more elegantly in the book). With this acceptance on both sides we can work towards minimal effective regulation, not just petty throwing of... more info
Waste of time Starts off ambitiously attempting to explain the credit crunch, spends a few chapters reiterating why his ideology was not accepted earlier on, and ends proposing a philosophical view of the financial markets....just to say that market performance is a function of what other people do...hardly a revelation and more importantly, no suggestion as to what to do with this "revelation". Last section explains his portfolio performance with market events, which was interesting.
I'll say that again As this was by George Soros, whom I respect greatly, I felt I had to read it but ended up very disappointed. In short, Soros feels his theory on reflexivity has been ignored and therefore needs to be repeated. This he does and further fills the book with the reasons why he needs to repeat it, particularly because he thinks the credit crunch vidicates his argument. Very repetitive to the extent that some comments are even repeated on the same page. This is a book which says very little and, to be frank,... more info
