![The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means (Unabridged) [Unabridged Nonfiction]](/assets/artwork/1x1-42817eea7ade52607a760cbee00d1495.gif)
The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means (Unabridged) [Unabridged Nonfiction]
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3.0 • 25 Ratings
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- $7.99
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- $7.99
Publisher Description
In the midst of one of the most serious financial upheavals since the Great Depression, George Soros, the legendary financier and philanthropist, writes about the origins of the crisis and proposes a set of policies that should be adopted to confront it. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of his decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity.
"This is a once in a lifetime moment," writes Soros in characterizing the scale of financial distress spreading across Wall Street and other financial centers around the world. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world.
Customer Reviews
Great Insight by one of the Greatest Investors Ever
George Soros is one of only three people I listen to on financial matters (the other two being Warren Buffet and Peter Lynch). The first half of the book presents a discussion on his philosophy of fallibility and reflexivity which is very interesting. They provide great insight on how and why financial bubbles occur and how to profit from them. He explains why the accepted economic model of supply and demand as applied to financial markets is flawed. The discussion is written much more clearly than in his previous book "The Alchemy of Finance". The second half of the book discusses the current financial situation. Even if you do not agree with it, it provides a rare view of how the greatest speculator of all time thinks. This is a required read for all serious investors. Soros knows what he is talking about as his investment record speaks for itself.
A Good Read
While many have compared the current financial crisis to the Great Depression, and have explained it in terms of human activity, whether regulation or financiers at fault, George Soros has been one of the handful that have strived to explain it in a more macroeconomic sense. The first half of the book, where Soros explains his theory of reflexivity is interesting, albeit a bit repetitive and too reminiscent of his other books. The second half, beginning in Chapter 5 however, is an insightful and thorough investigation to the causes of the 2008 Credit Crisis. It also is a much better read than the first half. I highly recommend this book for those who are interested in learning about the causes of the financial crisis, given that it is a rarity to find an author so proficient in both theory and practice- with a good pen in writing.
Worth the Time
I like this book. I agree with the other reader who was happy to have insight into the mind of one of the most famed investors of our time. Though it is clear that Mr. Soros has an agenda of his own in writing this book (to promote - sometimes shamlessly - his theory of Reflexivity), it is a good read for anyone wanting to expand their analysis of investments and investment strategy.
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