Book Notes · Markets & money
The Alchemy of Finance
George Soros's 1987 book on reflexivity: how participants' biased views change the fundamentals they're trying to predict, boom-bust sequences, and his 'real-time experiment' trading diary.
Step 1 of 5 · Overview25 min read ·
Key idea
Prereqs: Popper & falsifiability; Bubbles. Next: Big debt crises; Devil Take the Hindmost. Book: George Soros, *The Alchemy of Finance* (1987; updated 2003).Next: 1. Reflexivity