Learn Stock Market
Home     Stock Market Basics   Stock Exchange   Stock Index   Stock Experts   Stock Market Investors   bond   George Soros   new york stock exchange   stock market mutual fund   dow jones   Warren E. Buffett   All Tags
Home ›› Stock Experts ›› George Soros' book The Crash of 2008
   
 You may find:
what is george soros british criminal record ; george soros the game changer ; george soros jew ; george soros romania
 Popular Tags:
investor Peter Lynch Beating the Street | george soros bio | economic terrorist george soros | george soros scandal | is george soros an american citizen | george soros jew | wiki george soros | education needed to become stock analyst | stock analyst training | stock analysts from 1970's
George Soros' book The Crash of 2008

Tag:George Soros | 23 Viewers| gregsandell 2009-04-18 22:33:04 Publish:

I'm reading George Soros' 'The Crash of 2008 and What it Means; the New Financial Paradigm' . George Soros is the 29th richest person in the world, and a champion of progressive causes.

The thesis of this book isn't easy to quickly summarize, but it's a really good one. He says there are two ways of interacting with the financial world, as an observer or as a participant. The observational role entails looking at phenomena, and drawing rational conclusions. The participatory role involves manipulating the system and acting in your own self-interest. Now you would think that that the two states of interaction could be operate completely independently, so (for example) a stock trader would read the news, draw rational conclusions that would inform their trading activities. But the reality, according to Soros, is that human participants can't decouple the two. If you participate, your ability to be a detached observer is affected by what you experience firsthand. You come to believe that the rules that work for you are better universal rules than anything a detached observer would come up with. Maybe that works fine as long as you keep getting richer. But what if you and all the other participants screw up the whole market, and you've got a George Bush style administration that still thinks that these bozos are the 'experts' on the economy? The way out of the mess is to restore a balance with rational observation, and clear the air of old beliefs.

That's about as few lines as I could express it in!!

Soros includes some autobiography over the course of the book. He studied philosophy a lot when he was younger, especially Karl Popper, and he claims to not be a philosopher, but the book comes off as philosophy...actually quite good philosophy. I think Soros' way of viewing financial interaction as a kind of "bi-camerel mind" is pretty original stuff.

Yahoo: George Soros' book The Crash of 2008 George Soros
Google: George Soros George Soros' book The Crash of 2008
Post your comment about:    George Soros' book The Crash of 2008

   

Topics: Stock Market Basics Stock Exchange Stock Index Stock Experts Stock Market Investors
All Contents was collected by orders.If you have any problem please Click Me © 2008 Learn Stock Market Time 0.179806 S(s).Query 5.