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

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 21 February 2016

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: What reflexivity is, and how the concept has helped George Soros amass $23B. Why floating currencies like the US dollar are bound to be unstable and ultimately crash. How to value commodities. How to calculate the intrinsic value in international stock markets. If the stock market will return the same in the 21st century as the 20th century. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. George Soro’s book, The Alchemy of Finance – Read reviews of this book. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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Transcript

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0:00.0	We study billionaires and this is episode 74 of the Investors Podcast.
0:06.0	Broadcasting from Bel Air, Maryland. This is the Investors Podcast.
0:14.0	They'll read the books and summarize the lessons. They'll test the waters. Tell you what it's called.
0:20.0	They'll give you actionable investing strategies. Your host, Preston Pish, and St. Broderson.
0:29.0	Hey, how's everybody doing out there? This is Preston Pish. I'm your host for the Investors Podcast.
0:34.0	As usual, I'm a company by my co-host St. Broderson, out in Denmark.
0:38.0	Today, we're going to be doing another book written by a billionaire. This one is George Soros' book.
0:43.0	The name of this book is The Alchemy of Finance.
0:47.0	St. I'm curious to hear your upfront thoughts on The Alchemy of Finance.
0:51.0	I thought it was a pretty basic read and something that was obvious.
0:55.0	But I'm curious to hear your thoughts.
0:58.0	Yeah, I wanted to Chris about it. I got to say, I think it was with the way that he was writing it.
1:03.0	Sometimes he was just a different one to say he was rambling on because it was a somewhat short book.
1:08.0	But it was like, you really need to have a specific knowledge about especially micro and macro economics.
1:13.0	Because a lot of the books was about why the common theory was not correct.
1:19.0	But he really didn't always explain the common theory.
1:22.0	So I think that was my main takeaway from that.
1:24.0	Yeah, I thought it was a pretty basic book.
1:26.0	Even though it was short, it did go on kind of long.
1:29.0	You could have summarized it in like a two or three page white paper in my personal opinion.
1:34.0	And I think the fancy name reflexivity is, you know, that's the main theme of the book.
1:39.0	It's pretty basic stuff. And we're going to send a quickly cover this book.
	...

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