Product Description Since 1969, the financial world has been charting the meteoric rise of master investor and hedge fund king George Soros. The methods and tactics he has used to reach the zenith of an industry more often littered with catastrophic loss than paved with golden success have for years been Soros' most carefully guarded secret. Now, renown biographer and Time reporter Robert Slater uncovers the brillian techniques and remarkable insights that have led to the phonomenal success of this Hungarian-born investment titan--and separates the truth from the mystery and exaggerations that surround him. Also revealed: How George Soros rose from modest beginnings to become the most powerful investor in the world; Details of the United States goverment's investigation into George Soros' enourmous influence over world financial markets; George Soros' dream of bringing political reform, education, prosperity, and hope to underdeveloped nations in Eastern Europe, the former Soviet Union, and around the world through his philantropic Soros Foundation.
Interesting. A must for understanding the great speculatorFebruary 9, 1999 8 out of 9 found this review helpful
Actually, this is the first of biography I reads about an investor. I am quite amased that I would enjoy it. I don't care what other people think of it or whether it is "authorized" or not. It tells a great story about the life of the great speculator from his early life, which shaped his investment and personal philosophy, onwards.
It is a good book of introduction for understanding Soros investment theory -- "reflexism", because it kept track of facts, and put the rights and wrongs of his investment decisions in the frame of reality. It also recorded the comments from people worked with him. Thus, more objective or factual than "Soro on Soro", which is the next book I read about him.
I also like what the author write about the collapse of British Pound in 1992. It gave details about how Soro formed his strategy and excuted it, with undoubtly a great success.
Incisive literature about the "World's Greatest Investor"July 7, 1998 2 out of 2 found this review helpful
Amazingly enough, I actually enjoyed reading this book. Not only was it informative, it also gave good insights into Soros's investment strategies and philantropic work. Still, since this book is an "unauthorized biography", I believe that a better product can be written by synthesizing the contents of this book with those of "Soros on Soros".
An interesting story book, but not for tradingJuly 18, 2003 ServantofGod 24 out of 26 found this review helpful
Although quite out of date, this is the most interesting amongst all other bibliographies of Soros I ever read. This could be attributed to that the author could not get direct info from Soros or his associates at all. Without the burden of returning any favor, the author could quote whatever and whoever (some ex Soros partners) he liked, particularly criticisms, which were the most interesting parts of the book. Other parts, like how Soros broke the Bank of England, how he identified with his Hungarian Jewish identity, how he failed to become a philospher and turned into a trader, should be good enough to satisfy most readers' curiosity on the early part (on or before 1994) of Soro's life. For those traders who want to know the trading secrets, go somewhere else.
p.s. As a trader, I still would like to quote something from the book for my fellows' reference:-
1. Page 60: What Soros understood better than most were the cause and effect relationships in the world's economies. If A happened, that B must follow, then C after that.
2. Page 83: The stock market is always wrong, so that if you copy everybody else on Wall Street, you're doomed to do poorly.
3. Page 85: In 1979, Soros renamed his fund...Quantum Fund, in tribute to Heisenberg's uncertainty principle in quantum mechanics. That principle asserts that it is impossible to predict the behavior of subatomic particples in quantum mechanics, an idea that meshed with Soros's conviction that markets were always in a state of uncertainty and flux that it was possible to make money by discounting the obvious, and betting on the unexpected.
4. Page 92: Soros always says that you shouldnt be in the market unless you are willing to take the pain.
5. Page 110: Short term volatility is greatest at turning points and diminishes as a trend becomes established.
6. Page 159: It is not whether you are right or wrong, but how much money you make when you are right and how much money you lose when you are wrong....If you have tremendous conviction on a trade you have to go for the jugular.It takes courage to be a pig. It takes courage to ride a profit with huge leverage.... When you right on something, you cant own enough.
Primer of ThoughtMay 31, 2000 2 out of 2 found this review helpful
This book helps decipher the code of a great speculator. Financiers like Soros help keep the financial and economical mkt mesh in sync. Recent news on the dismantling of his Quantum (largest hedge fund in the world) and Quota funds has many on the street bewildered about his authority, but it should be understood that Soros publicly announced about two years ago that he no longer meddled in any of the funds' investments. This is a good book that explains the why's of a worldly speculator.
good book, bad characterApril 27, 2000 PATHERSON 0 out of 10 found this review helpful
After reading this book, I thing the author was pretty neutral. But the conclusion is just one:these kind of investors are the synthesis of what rotten there is in capitalism.
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