#2974
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[2][4][5].

Mentioned by

Mentioned in 15 episodes

Mentioned by Scott Bessent as a book that changed his investing career, detailing his trading journal.
238 snips
Scott Bessent - Macro Maven (EP.415)
Mentioned by Kyle Grieve when introducing the concept of reflexivity in the markets.
108 snips
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.
101 snips
Top 5 of 2024: #1: Scott Bessent - EP.415
Mentioned by Raoul Pal as a source for understanding probabilistic thinking in investing.
59 snips
How To Prepare For The GLOBAL RECESSION & Build Wealth In The Process! | Raoul Pal
Mentioned by Scott Bessent as an influential figure in his career and whose book, 'Alchemy of Finance', he found insightful.
58 snips
RenMac Legends: A Conversation with Scott Bessent
Recommended by James van Geelen for its insights into navigating interesting times in finance.
49 snips
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.
49 snips
Crypto Secrets for Building Wealth in the Bitcoin Era | Raoul Pal (Archived Episode)
Mentioned by Philippe Gijsels as the originator of the concept of reflexivity, which is discussed in the latter part of the podcast.
39 snips
Philippe Gijsels | Shifting Economic Sands... Meditations On 'The Fourth Turning'
Mentioned by Raoul Pal as a source for understanding probabilistic thinking in investing.
34 snips
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.
26 snips
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.
20 snips
The Snowball (May 2025 Fintwit Book Club)
Mentioned by Paul Podolsky as an interesting read on financial markets.
13 snips
#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 Dan Tapiero when discussing reflexivity in macro trading.
Will Rates Drop and Bitcoin Pump? | Markets Daily
Mentioned by Pedro Jobim as a difficult book he didn't recommend.
#157 | COMO AS TENSÕES GLOBAIS ESTÃO AFETANDO A ECONOMIA BRASILEIRA
Mentioned by Luke Burgis when discussing the concept of reflexivity in financial markets.
72 - The Power of Mimetic Desire | Luke Burgis
Mentioned by Chris Polk when discussing how people can use intuition in investing.
Quality in Owning and Listening with Chris Poch
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

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