The Alchemy of Finance: Reading the Mind of the Market by George Soros (Author)
Publisher: John Wiley & Sons; Reprint edition (April 1994) | ISBN-10: 0471042064 | PDF | 17 Mb | 367 pages
Soros, who manages the Quantum mutual fund based in Venezuela, here traces the fund's performance in a controlled experiment using leverage in many markets (stocks, bonds, indexes, currency, etc.), to test the Reaganomics "imperial circle" and to demonstrate his own economic theory of "reflexivity." It is investors' perception of market values, claims the author, which perpetuates up-or-down price trends, foreign exchange movements, periodic government regulation, and so on.