We Study Billionaires - The Investor’s Podcast Network

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

Feb 21, 2016
Discover the fascinating concept of reflexivity and how it helped George Soros build a $23 billion fortune. Explore the instability of floating currencies and their potential for crashing. Learn practical strategies for valuing commodities and international stocks. Delve into market performance comparisons between the 20th and 21st centuries, and understand the Fed's influence on long-term debt cycles. This engaging discussion offers insights into macro investing and the unpredictable nature of financial markets.
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INSIGHT

Reflexivity

  • Reflexivity describes the interplay between fundamental and technical analysis.
  • It suggests that perceptions about a company's future can influence its actual performance.
ANECDOTE

GoPro Example

  • Preston Pysh uses GoPro as an example of reflexivity in action.
  • Initially overvalued, positive sentiment and funding fueled GoPro's growth, despite weak fundamentals.
INSIGHT

Floating Exchange Rates

  • George Soros believes floating exchange rates, like the US dollar, are inherently unstable.
  • He argues against the traditional economic theory of equilibrium in exchange rates.
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