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The Alchemy of Finance, by George Soros
Submitted by Reinhard on Thu, 2006-12-28 20:22.
If one is looking for practical investment tips, one might be dissapointed and even be bored. The key thought is certainly his theory that he calls "Reflexivity". Here, not only are investors influenced by economic developments, Soros argues that if enough investors join the crowd, they even drive the developments in a self fulfilling way. This is because industries being given enough capital can grow to an extent where they become powerful decision makers in the economic landscape.
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