SOROS: The Unauthorized Biography, the Life, Times and Trading Secrets of the World's Greatest Investor
Author: Robert Slater
List Price: $16.95
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ISBN: 0786312475
Publisher: McGraw-Hill Trade (01 May, 1997)
Sales Rank: 57,107
Average Customer Rating: 3.56 out of 5
Customer Reviews
Rating: 4 out of 5
An interesting story book, but not for trading
Although quite out of date, this is the most interesting amongst all other bibliographies of Soros I ever read. This could be attributed to that the author could not get direct info from Soros or his associates at all. Without the burden of returning any favor, the author could quote whatever and whoever (some ex Soros partners) he liked, particularly criticisms, which were the most interesting parts of the book. Other parts, like how Soros broke the Bank of England, how he identified with his Hungarian Jewish identity, how he failed to become a philospher and turned into a trader, should be good enough to satisfy most readers' curiosity on the early part (on or before 1994) of Soro's life. For those traders who want to know the trading secrets, go somewhere else. p.s. As a trader, I still would like to quote something from the book for my fellows' reference:-
1. Page 60: What Soros understood better than most were the cause and effect relationships in the world's economies. If A happened, that B must follow, then C after that.
2. Page 83: The stock market is always wrong, so that if you copy everybody else on Wall Street, you're doomed to do poorly.
3. Page 85: In 1979, Soros renamed his fund...Quantum Fund, in tribute to Heisenberg's uncertainty principle in quantum mechanics. That principle asserts that it is impossible to predict the behavior of subatomic particples in quantum mechanics, an idea that meshed with Soros's conviction that markets were always in a state of uncertainty and flux that it was possible to make money by discounting the obvious, and betting on the unexpected.
4. Page 92: Soros always says that you shouldnt be in the market unless you are willing to take the pain.
5. Page 110: Short term volatility is greatest at turning points and diminishes as a trend becomes established.
6. Page 159: It is not whether you are right or wrong, but how much money you make when you are right and how much money you lose when you are wrong....If you have tremendous conviction on a trade you have to go for the jugular.It takes courage to be a pig. It takes courage to ride a profit with huge leverage.... When you right on something, you cant own enough.
Rating: 2 out of 5
No many secrets to be shared....
The author seams try to hide the little information he was able to gather from outside the Soros's circle with a poetic writing about his rise to be a "Master of the Universe". But the fact remain that the book give only a very superficial idea about Soros and for sure do not address the big question about him: "Devil's Master of Globalization or Saint of a New Economy?"
Rating: 4 out of 5
Primer of Thought
This book helps decipher the code of a great speculator. Financiers like Soros help keep the financial and economical mkt mesh in sync. Recent news on the dismantling of his Quantum (largest hedge fund in the world) and Quota funds has many on the street bewildered about his authority, but it should be understood that Soros publicly announced about two years ago that he no longer meddled in any of the funds' investments. This is a good book that explains the why's of a worldly speculator. Similar Products
George Soros on Globalization
Soros on Soros: Staying Ahead of the Curve
The Alchemy of Finance
Soros: The Life and Times of a Messianic Billionaire
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