Saturday, August 26, 2017

The New Paradigm for Financial Markets : The Credit Crisis of 2008 and What it Means

Author: George Soros
Stars: 3
Review by: Summer Breeze

Anyone as successful as him is worth reading about, but his economic theory was not sufficiently fleshed out and was difficult to understand. Still in all, it was worth reading. He used this information which he developed through 40 years of investing to accumulate over 25B in assets, primarily by not following the precepts of traditional economics, realizing the principal of reflexivity, that similar to quantum mechanics, the presence of investors impacts economic equilibrium. The book was published in mid 2008 and made very accurate predictions of what was about to occur in September 2008.

No comments: