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It really is striking to hear how frequently George Soros repeats himself. He must have defined his concept of "reflexivity" about one hundred times over. He can be very efficient though, when he wants to be. His telling of historical events in the markets and their cause/effect relationships was brief and clear and fantastic. I am reminded of "Rain Man". "Rain Man" could count a pile of toothpicks at a glance but, well, there were other things that he simply couldn't do well. Soros muses openly about whether or not he is taken seriously as a philosopher. If Soros is a philosopher, then "Rain Man" is a hot Latin lover. I think Soros has conveyed one good idea, (reflexivity) and then utterly milked it to death. Beyond that he reveals some of his fevered political views. It's breathtaking what an otherwise astute thinker can bring himself to believe.
I think that the book does have some real value, you'll just have to wade through an awful lot to reach it.
10 of 10 people found this review helpful
George Soros doesn't lack an ego, this is clear in all of his books. I do like to try to see things from his point of view. Reflexivity makes some sense but I am not sure it is really that new of an idea. I would rate this book average. Probably worth the listen or read but don't pick this over real theory if you are trying to learn more about economics.
3 of 3 people found this review helpful
This book won't make you rich in terms of money, but is interesting. More of a philosophy book than and analysis of the current (early 2008) financial situation.
At its heart is the idea of Reflexivity which is described also in his other books. Here he uses it to show how the sub-prime problem of 2007-2008 came about as well as a super-bubble. The book is very short, though brevity is one of its good points. If you liked ?The Black Swan? then you?ll like this.