The Alchemy of Finance

书名:The Alchemy of FinanceReadingtheMindoftheMarket
作者:GeorgeSoros
译者:
ISBN:9780471445494
出版社:Wiley
出版时间:2015-6-15
格式:epub/mobi/azw3/pdf
页数:391
豆瓣评分: 8.8

书籍简介:

在线阅读本书 Book Description New chapter by Soros on the secrets to his success along with a new Preface and Introduction. New Foreword by renowned economist Paul Volcker "An extraordinary … inside look into the decision-making process of the most successful money manager of our time. Fantastic." – "The Wall Street Journal". George Soros is unquestionably one of the most powerful and profitable investors in the world today. Dubbed by "BusinessWeek" as "the Man who Moves Markets," Soros made a fortune competing with the British pound and remains active today in the global financial community. Now, in this special edition of the classic investment book, "The Alchemy of Finance", Soros presents a theoretical and practical account of current financial trends and a new paradigm by which to understand the financial market today. This edition's expanded and revised Introduction details Soros's innovative investment practices along with his views of the world and world order. He also describes a new paradigm for the "theory of reflexivity" which underlies his unique investment strategies. Filled with expert advice and valuable business lessons, "The Alchemy of Finance" reveals the timeless principles of an investing legend. This special edition will feature a new chapter by Soros on the secrets of his success and a new Foreword by the Honorable Paul Volcker, former Chairman of the Federal Reserve. George Soros (New York, NY) is President of Soros Fund Management and Chief Investment Advisor to Quantum Fund N.V., a GTB 12 billion international investment fund. Besides his numerous ventures in finance, Soros is also extremely active in the worlds of education, culture, and economic aid and development through his Open Society Fund and the Soros Foundation. Book Dimension length: (cm)22.8                 width:(cm)15.4

作者简介:

乔治・索罗斯也许是有史以来知名度最高和最具传奇色彩的金融大师。1993年,他利用欧洲各国在统一汇率机制问题上步调不一致的失误,发动了抛售英镑的投机风潮,迫使具有300年历史的英格兰银行(英国中央银行)认亏出场。1997年2月,他旗下的投资基金在国际货币市场上大量抛售泰铢,这一行动被视为是牵连极广、至今尚未平息的东南亚金融危机的开端。当然,索罗斯也并非无往而不胜。在1987年美国股灾中,索罗斯亏损4~6亿美元,而他在1998年俄罗斯金融危机中的亏损更高达30亿美元之巨。尽管如此,他所经营的量子基金并未因损失惨重而清盘,索罗斯也一如既往地在纽约中央公园旁的办公室里评判市场,不断发表令市场为之震颤的独家观点。

书友短评:

@ c h l "Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited." @ 索罗斯是看过易经吧?reflexity不就是物极必反,盛极而衰。绝望中才会产生希望,而烈火烹油正是大厦将倾的前兆。一个好投资的必要条件是要有足够多的人认为它不好。

书籍目录

  • 关于我所管理的投资基金,有必要作几点解释。量子基金(quantum fund)是一种独特的投资工具:它应用了杠杆原理,在诸多市场中运作。最重要的是,我管理它在很大在程度上——那就是我自己的钱。在杠杆基金的运作中,通常对本金与贷款资本不做区分。量于基金却不然。我们涉足各类市场,本金一般投资于股票,而财务杠杆则用于商品投机。商品的概念在这里还要包括股票指数期货以及债券和外汇。在基金管理中,我区分了宏观经济与微观经济的投资观念。前者决定我在各种商品市场包括股票市场中的敞口,后者支配个股的选择原则。
    —— 引自第367页
  • 这是贷款安全性的必然要求。新的贷款净额有助于加强债务人的偿债能力,但随着待偿还债务的精加,新贷款中用于偿债的比例日益升高,要想保持刺激的效果,贷款规模将不得不以指数形式增长,最终,贷款增长的步伐将被迫放慢,这对抵押品的价值产生了极为消极的影响。如果抵押品已经完全用尽了,那么其价值的下跌将突然加剧贷款的清算要求,从而呈现出典型的繁荣/萧条的序列节律。
    —— 引自第367页
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