#1643

Mentioned in 15 episodes

The alchemy of finance

Book • 1987

In 'The Alchemy of Finance,' George Soros provides a detailed account of his investment strategies and introduces the concept of 'reflexivity,' which challenges traditional economic and financial theories.

The book includes a theoretical and practical analysis of financial trends, historical perspectives on financial markets, and a real-time experiment detailing his trading activities.

It also features a new chapter by Soros on the secrets of his success and a new Foreword by Paul Volcker, former Chairman of the Federal Reserve.

The book emphasizes the role of thinking participants in financial markets and the self-reinforcing trends that arise from their interactions.

Mentioned by

Philippe Gijsels

James van Geelen

Sequoia Kennedy

Mentioned in 15 episodes

Mentioned by

Scott Bessent

as a book that changed his investing career, detailing his trading journal.

Scott Bessent - Macro Maven (EP.415)

Mentioned by

Kyle Grieve

when introducing the concept of reflexivity in the markets.

TIP737: Margin Of Safety by Seth Klarman w/ Kyle Grieve

Mentioned by

Scott Bessent

as a book that changed his investing career, focusing on a chapter about real-time experiments.

Top 5 of 2024: #1: Scott Bessent - EP.415

Mentioned by

Scott Bessent

as an influential figure in his career and whose book, 'Alchemy of Finance', he found insightful.

RenMac Legends: A Conversation with Scott Bessent

Mentioned by

Philippe Gijsels

as the originator of the concept of reflexivity, which is discussed in the latter part of the podcast.

Philippe Gijsels | Shifting Economic Sands... Meditations On 'The Fourth Turning'

Recommended by

James van Geelen

for its insights into navigating interesting times in finance.

Ep. 305: James van Geelen on ‘Haves vs Have Nots’ Theme, AI and Tariffs

Mentioned by

Raoul Pal

when discussing probabilistic investing and the importance of considering various outcomes.

Crypto Secrets for Building Wealth in the Bitcoin Era | Raoul Pal (Archived Episode)

Mentioned by

Raoul Pal

as a source for understanding probabilistic thinking in investing.

Survive the Global Recession and Build Massive Wealth | Raoul Pal (Replay)

Mentioned by

William Green

in the context of an investor's physical reactions to market events.

TIP581: Richer, Wiser, Happier Q3, 2023 w/ Stig Brodersen & William Green

Mentioned by

Byrne Hobart

to highlight Soros's dollar short trade and FX trading P&L.

The Snowball (May 2025 Fintwit Book Club)

Mentioned by

Paul Podolsky

as an interesting read on financial markets.

#63 - Paul Podolsky: Art and Science in Investing

Mentioned by

Preston Pysh

and

Stig Brodersen

for its discussion of reflexivity and macro investing.

TIP 074 : Billionaire George Soros - The Alchemy of Finance (Business Podcast)

Mentioned by

Kane McGuckin

as a book that talks about reflexivity creating newness and value running away from fundamental value.

Bitcoin Treasury Companies are Reshaping TradFi with Kane McGuckin | SLP682

Mentioned by

Pedro Jobim

as a difficult book he didn't recommend.

#157 | COMO AS TENSÕES GLOBAIS ESTÃO AFETANDO A ECONOMIA BRASILEIRA

Mentioned by

Dan Tapiero

when discussing reflexivity in macro trading.

Will Rates Drop and Bitcoin Pump? | Markets Daily

Mentioned by

Mike Dunn

as one of the books he is currently reading.

7 Day Guide Hand Diet

Mentioned by

Raoul Pal

as a source for understanding probabilistic thinking in investing.

How To Prepare For The GLOBAL RECESSION & Build Wealth In The Process! | Raoul Pal

Mentioned by

Sequoia Kennedy

as a book discussing market participants' unawareness of being part of a second-order cybernetic system.

72 - CCRU, Hyperstition, Nick Land, Accelerationism, and the Lemurian Time War

Mentioned by

Santiago

Roel Santos as a source for understanding reflexivity in markets.

An Update On The Solana Thesis | Santiago Santos

Mentioned by

Chris Polk

when discussing how people can use intuition in investing.

Quality in Owning and Listening with Chris Poch

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