In the midst of the most serious financial upheaval since the Great Depression, legendary financier George Soros explores the origins of the crisis and its implications for the future. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. "This is the worst financial crisis since the 1930s," 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:
Avg. Customer Rating: 3.5 / 5.0
Insightful read....:
Insightful book. Recommend for any who need help connecting the dots on the current global financial condition.
More than worth it just for the philosophy:
I just loved this book.
This book is a must for people who blindly believe in market prediction, economists and fundamentalists. It argues that it is necessary to take into consideration the point of view of the "observer" who interacts and influences the outcome; thus rendering the prediction obsolete and indeterminate.
Soros says that he has been a successful investor and a FAILED philosopher until this book. Now he believes (and I FULLY AGREE) that he has become a successful philosopher. The... more info
Some interesting insights but don't expect much practical value:
This was my first Soros book so I was only vaguely familiar with his theory of reflexivity. He spends a great portion of the book explaining his theory to readers. His thoughts are somewhat interesting but I believe that he tries to apply his theory to issues where alternative models would be more useful. As Mark Twain said: "To a man with a hammer, everything looks like a nail". For example, I do not believe that his reflexivity theory is not a good framework in helping us understand Bush's foreign policy... more info
The New Paradigm for Financial Markets:
Book Review submitted by: Stephen J. Hage, SteveH9697@aol.com Books about economics and finance, for most people, are as appealing as having a root canal done without anesthesia. This is not one of those books. The subtitle: The Credit Crisis of 2008 And What it Means succinctly explains what the book is about. And, surprisingly, it's in small format and has only 162 pages including acknowledgements. It's impossible today to turn on the news without hearing something about the credit crisis and... more info
