Book Summary — Educational Reference

The Alchemy of Finance

George Soros — Reading the Mind of the Market — 1987

Chapter Index

Quick Reference

Core Concept Reflexivity

Two Functions Cognitive + Participating

Key Signal Bias vs. Reality gap

Markets Are

Reflexively unstable, not equilibrating

The Experiment

Aug '85 → +125% (Plaza Accord)

Long yen/DM, short USD

Long Japan bonds + real estate

Glossary

Key Methods Summary

The Alchemy of Finance — Book Summary & Insights — Based on George Soros's framework

Educational reference only. Not financial advice.