Soros on Soros

George Soros

出版社

Wiley

出版时间

1995-08-18

ISBN

9780471119777

评分

★★★★★
书籍介绍
在线阅读本书 George Soros Ends the Speculation The outcome [of this book] is a summing up of my life′s work. . . As I finish the book, I feel I have succeeded."–George Soros from the Preface Critical praise for Soros on Soros If you have ever wanted to sit down for a candid conversation with a phenomenal financial success, George Soros′s book provides the opportunity. You will meet a complex man and a first–rate mind."–Henry A. Kissinger The best expert on Soros is undoubtedly George Soros! After all, who is better equipped to tell us what he really thinks and how he thinks, a matter of some importance given the fact that he has translated a remarkable personal financial success into a truly generous and historically significant effort to promote postcommunist democracy." –Zbigniew Brzezinski The best X–ray of the mind of the master yet." –Barton M. Biggs George Soros brings a lot more to the world of finance than the intuition and nerve of a born trader–and in Soros on Soros he′s no longer bashful about telling us about it. A philosopher at heart, George attributes his success at investing to a theory of the interaction of reality and human perception. What really drives the man now, with a personal fortune beyond all personal need, is a different kind of strategic investing–investment to build in Eastern Europe the kind of open societies he came to value in his own life." –Paul A. Volcker Financial guru George Soros is one of the most colorful and intriguing figures in the financial world today. Now in Soros on Soros, readers are given their most intimate and revealing look yet into the life and mind of the one BusinessWeek dubbed, "The Man Who Moves Markets." Soros on Soros interweaves financial theory and personal reminiscence, political analysis and moral reflection to offer a compelling portrait of the world (and its markets) according to Soros. In an interview–style narrative with Byron Wien, Managing Director at Morgan Stanley, and with German journalist Krisztina Koenen, Soros vividly describes the genesis of his brilliant financial career and shares his views on investing and global finance, politics and the emerging world order, and the responsibility of power. Speaking with remarkable candor, he traces his progress from Holocaust survivor to philosophy student, unsuccessful tobacco salesman to the world′s most powerful and profitable trader and introduces us to the people and events that helped shape his character and his often controversial views. In describing the investment theories and financial strategies that have made him "a superstar among money managers" (The New York Times), Soros tells the fascinating story of the phenomenally successful Soros Fund Management and its $12 billion flagship, Quantum Fund. He also offers fresh insights into some of his most sensational wins and losses, including a firsthand account of the $1 billion he made going up against the British pound and the fortune he lost speculating on the yen. Plus: Soros′s take on the devaluation of the peso and currency fluctuations internationally. He tells of the personal and professional crises that more than once threatened to destroy him and of the personal resources he drew upon to turn defeat into resounding victory. And he explains his motivations for establishing the Soros Foundation and the Open Society Institute through which he worked to build open societies in postcommunist countries in Eastern Europe and the former Soviet Union. Finally, turning his attention to international politics, Soros offers keen insights into the current state of affairs in Russia and the former communist bloc countries and analyzes the reasons behind and likely consequences of the West′s failure to properly integrate them into the free world. He also explores the crisis of the ERM and analyzes the pros and cons of investing in a number of emerging markets. Find out what makes one of the greatest financial wizards of this or any age tick. Soros on Soros is a must read for anyone interested in world finance and international policy.
AI导读
核心看点
  • 索罗斯自述生平与投资哲学,系统阐述反身性理论
  • 揭示市场非理性本质,认知与环境存在双向反馈机制
  • 结合量子基金实战案例,解析风险管理与投机策略
适合谁读
  • 对金融投资、市场心理学及反身性理论感兴趣的读者
  • 希望深入了解索罗斯思维模式与决策逻辑的专业人士
  • 关注开放社会理念、慈善事业及政治哲学的思考者
读前提醒
  • 本书为访谈录形式,逻辑跳跃,建议耐心梳理核心观点
  • 需结合《金融炼金术》对照阅读,以更好理解理论演进
  • 部分哲学论述晦涩难懂,建议重点关注投资实战部分
读者共识
  • 前半部分投资心得极具启发性,后半部分哲学论述较晦涩
  • 反身性理论深刻揭示了市场参与者的认知偏差与互动
  • 展现了索罗斯作为理想主义者与交易员的双重复杂人格

本导读基于书籍简介、目录、原文摘录、短评和书评生成,不等同于全文精读。

精彩摘录
  • "In the last twenty years, there has been a lot of progress made in measuring risk for investment portfolios. Why don't you employ these scientific quantitative methods? Because we don't believe in them. They're generally constructed on the assumption of efficient market theory. That theory is in con"
  • "On a personal level, I am a very critical person who looks for defects in myself as well as in others. But, being so critical, I am also quite forgiving. I couldn't recognize my mistakes if I couldn't forgive myself. To others, being wrong is a source of shame; to me, recognizing my mistakes is a so"
  • "According to my theory of initially self-reinforcing, but eventually self-defeating trends, the trend is your friend most of the way; trend followers only get hurt at inflection points, where the trend changes. Most of the time I am a trend follower, but all the time I am aware that I am a member of"
  • "More generally, running an investment portfolio is not work in the ordinary sense of the word. It is something else. It is risk taking. The amount of work you need to do is inversely related to your success. That is to say, if you are working at what is normally considered work, if you are a salesma"
  • "We both started with the postulate that the markets are always wrong. Actually the big difference between Jim Rogers and me was that Jim thought that the prevailing view was always wrong, whereas I thought that we may be wrong also. Wall Street wisdom was, by definition, conventional wisdom, and sin"
  • "Then there was the Real Estate Investment Trust industry (REITs), which I put on the map. We got it right coming and going. I issued a study in which I described it as an initially self-reinforcing but eventually self-defeating process that would end badly with most REITs going bust. But the end was"
  • "This was, I think, the Wednesday before Black Monday. That's when I should have been in the office and getting the hell out of the market, but I missed it. I could see trouble coming, but I thought it would come first in Japan, where a financial bubble was developing, so I was short Japan and long t"
  • "I also use it to describe specific instances where the two-way feedback mechanism disrupts both the course of events and the participants' perceptions in a way that gives rise to a disequilibrium."
用户评论
one of the most inspiring book
这本书是对索罗斯的采访汇集而成,是索罗斯系统论述投资、慈善和政治生活的第一手资料。索罗斯早年匈牙利的生活及出逃,我认为很大程度上影响了其日后的反身性理论,反身性理论的精髓在于,人们认知会成为客观环境的一部分,而客观环境又反馈到人们的认知过程当中,因此人们获取的信息以及认知过程都是不完善的,正是这种认知影响环境本身、从而改变已有认知、进而采取行动改变环境,成为反身性的核心。早年的逃亡经历,核心要义是活下来,要求对周边环境极其敏感,某种程度上就是要在认知改变环境之前采取行动,在反身性的拐点来临之前或来临之时,采取行动。
soros对话录
可惜例子不够多
更让我为之触动的是soros在市场中实践哲学之外,在现实中持续验证并尝试建立开放社会的观念。
失败的哲学家,从中看到了自己,也给了很多鼓励。很多人说索罗斯的交流有问题,写出书来大家看的也很费劲。其实人的语言不就是这样吗,制约了复杂的理念的传递。一个真诚的有追求的人,只能尝试用更复杂的表达方式去还原。
这本 跟 The tragedy of European union 里面的思路比alchemy of finance 清晰多了,而且简单易懂明白。看来索罗斯也慢慢学会怎么做一个合格的作者。书里面讲述的reflexivity concept真的很推荐大家看。 里面对the uncertainty principle 和 positive feedback/negative loop 解释十分清晰是书里面的重点。
有市场经验回头再看这本书就会想起很多自己的经历、方法论、价值观。索老的访谈也反映了他自己的经历和思考,真的是一本hidden gem.这也是一本通向真正理解索罗斯的书。
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