The Alchemy of Finance

Narrated by: Grover Gardner
Length: 2 hrs and 49 mins
4 out of 5 stars (634 ratings)

$14.95/month after 30 days. Cancel anytime.

OR
In cart

Publisher's Summary

George Soros is unquestionably the most powerful and profitable investor in the world today. Dubbed by BusinessWeek as "The Man Who Moves the Markets," Soros has made a billion dollars going up against the British pound. Now, in The Alchemy of Finance, he shares the investment strategies he uses to read the mind of the market.
©1987, 1994 by George Soros (P)2000 by Penton Overseas, Inc. Published by Penton Overseas, Inc. and Audio Scholar, Inc.

Critic Reviews

"An extraordinary...inside look into the decision-making process of the most successful money manager of our time. Fantastic." (Wall Street Journal)
"Breathtakingly brilliant." (Esquire)

What listeners say about The Alchemy of Finance

Average Customer Ratings
Overall
  • 4 out of 5 stars
  • 5 Stars
    284
  • 4 Stars
    144
  • 3 Stars
    119
  • 2 Stars
    45
  • 1 Stars
    42
Performance
  • 4 out of 5 stars
  • 5 Stars
    232
  • 4 Stars
    97
  • 3 Stars
    70
  • 2 Stars
    18
  • 1 Stars
    17
Story
  • 4 out of 5 stars
  • 5 Stars
    203
  • 4 Stars
    92
  • 3 Stars
    80
  • 2 Stars
    44
  • 1 Stars
    22

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    3 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars

Audible doesn't have full version

Any additional comments?

This audible book is not the most recent version of the book and leaves out several entire chapters.

17 people found this helpful

  • Overall
    1 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    1 out of 5 stars

This is not the full book!!

False advertising - DO NOT BUY THIS RECORDING. This is not the full book, as it appears to be.

12 people found this helpful

  • Overall
    3 out of 5 stars

Interesting but not new

George Soros comes across as a pompous billionaire who lacks the technical skills required to express his grandiouse 'Theory of Reflexivity' in general terms. However, the book did provide an interesting view of George Soros' career and some of the manias and panics he has profited from over the last few decades.

The book 'Manias, Panics, and Crashes' by Charles Kindleberger covers the same material and is easier and more enjoyable to read.

16 people found this helpful

  • Overall
    1 out of 5 stars

Disappointing...

Soros explains early on that the book will not explain how to make money in the stock market. This is quite true. As mentioned by others, he expounds on his Theory of Reflexivity, without really enlightening the reader. He states, for instance, that market movements cannot be studied scientifically, because the market movements themselves affect future movements and the observers are also participants (traders). Yet there are vast areas of studies (eg. Chaos theory, differential equations, dynamic systems analysis) that deal with just such topics and systems. None of these is explored or even mentioned. One quickly realizes that Soros lacks the scientific background to develop or even reasonably explain the vague generalities that comprise his "theory". Anyone with a passing interest in the functioning and movements of the stock market will not be enlightened by this tome.

17 people found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars

Too abridged

The actual book is one of my all time favorites. This is just a few chapters from the beginning, and cuts out the "real-time experiment", a trading diary of the year Soros pulled a 120% return on a massive starting capital. Without these chapters, the book is a basic framework without any sense of how a framework is actually used in markets, so it sounds like a lot of babble. When you see Soros interpret real events, it starts to make a lot more sense. Bottom line: can someone please read the whole book??

4 people found this helpful

  • Overall
    3 out of 5 stars

Expected more

Decent high level review of his Theory of Reflexivity, but not much beyond that. I expected to get more insight into the details of his approach to decision making. He's an interesting fellow who has had incredible financial success and he is trying to improve the world around us, but I felt that I wasted the time I spent listening to this book.

3 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars

Will re-listen! First 30 mins sucks, gets better!

I figured a book by George Soros written so long ago would have some great lessons. I liked that it was a short listen.

It was tough to get through the first 30 mins. After the intro, the book gets very convoluted and heavy, as if George had just found a thesaurus and had something to prove. It had a lot of obvious statements, and I got sick of listening and put it down.

I almost got a refund! Then I started listening again the next day and it was MUCH different.

The last 3/4 of the book is well worth suffering through the first part.

I will DEFINITELY re-listen as there was some great insights to be had, and some good trading rules to live by in this book.

2 people found this helpful

  • Overall
    2 out of 5 stars

Research paper for academicians

Research paper for academicians is what this book is. I bought this book with an idea getting some insight into George Soros investment style, his failures, success and to understand his decision making process. What this book offers is an explanation of how the author thinks the market works and explains this in technical terms. Most of it went over my head. This is not for an average investor. Someone doing a research on financial markets could glean something meaningful from the book

2 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    2 out of 5 stars

kinda stuck up and full of himself

nearly talked down to the entire planet... the entire book. some interesting principles of psychology of investing

1 person found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    4 out of 5 stars

If you Don't Read It, Your are Behind

Soros is a money maker and the man has his quirks, this makes the book worthwhile to read. The thought process of keeping your mind clear is the major lesson here along with some major points on international finance. To have an edge in investing or ideas over other people, you must be Original.

By managing your reflexivity, you can be a great investor and idea person. Key message keep your mind clear and avoid the fake news and infotainment.

If you like Nassim Taleb, you will like this book. Similar but Taleb is more witty and interesting.

1 person found this helpful

Sort by:
Filter by:
  • Overall
    1 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    1 out of 5 stars
Profile Image for JZ
  • JZ
  • 02-22-20

Abridged and poor narrator

This is a classic from Soros and I keep a hardcopy in my bookshelf. Audible version is abridged and the narration is bad that it bores me to sleep after 5 mins

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 11-26-19

Thought inceptions

very open and revealing. George lets see wander around in his mind without restrictions, the inception of every thought detailed and explained. inviting you into his world without forcing you to accept and impressively aware it may not be of value to you.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Mikerk
  • Mikerk
  • 11-03-15

Great read

Very interesting read with a good insight into georges thinking on reflexivity in various markets

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 09-24-17

Surprisingly good

for all the soros haters this book is selfufilling. ironic or reflexitivity.... perhaps the same thing. thanks GS.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Miller
  • Miller
  • 02-19-17

super interesting.

for those who want the norm to be challenged and a more flexible outlook on life and investing.

  • Overall
    3 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    2 out of 5 stars
Profile Image for Amazon Customer
  • Amazon Customer
  • 02-02-17

Somewhat disappointing..

I am hoping that a second and third review of the text will enable me to draw out a clearer idea of how to apply Soros' wisdom. Maybe I am lacking this ability.

Sort by:
Filter by:
  • Overall
    3 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    3 out of 5 stars
Profile Image for mick
  • mick
  • 05-25-19

Very wordy, I’ll probably have to listen to it twice

Very wordy, I’ll probably have to listen to it twice. But interesting, just needs to be simplified