Synopsis
Veteran Time reporter and renowned biographer Robert Slater probes Soros's financial genius to give readers insight to the unique investment philosophy, strategies, methods, and tactics that have given George Soros enormous influence over world financial markets and in 1993 made him America's largest money-earner (a record-breaking $1.1 billion).
Since 1992, the Soros Foundations he created to fund political reform in Eastern Europe and the former Soviet Union have given away $500 million - and have plans to give away $500 million more. Soros is the fascinating story of this enigmatic master investor, philanthropist, and self-styled philosopher.
Reviews
This interesting, readable, unauthorized biography of George Soros traces the life of a successful money manager across two continents. A blue-eyed, blond boy who enjoyed playing a Hungarian version of Monopoly in Budapest soon was delivering deportation notices to other Hungarian Jews after the Jewish Council of Budapest recruited children for that task. After WWII, Soros waited tables in London before enrolling in the London School of Economics. He came to New York in 1956 armed with a competitive edge?a knowledge of the European financial markets. This insight and his ability to discern long-term trends enabled him to become a successful investor and later successfully manage the Quantum Fund, according to Slater, a reporter for Time magazine. The life and times of George Soros are indeed interesting, but the "trading secrets" of the title are based more on his intuition than on objective evidence. An example: when choosing stocks in an industry, pick two?the best and the worst. The reader is left without further guidance in applying this rule (e.g., what is the worst software company?). Read this biography to learn about the interesting life of a successful financial manager rather than specific steps on how you too can successfully manage money. 25,000 first printing.
Copyright 1995 Reed Business Information, Inc.
Hungarian-born investor Soros, already well known for the unmatched success of his Quantum Fund, achieved additional notoriety in 1992 when he amassed over $1 billion in profits with the collapse of the British pound. He is also recognized for his philanthropic activities, having established foundations in several Eastern European nations. Soros on Soros is a book-length interview, conducted by the managing director of Morgan Stanley and a Hungarian journalist. Its scope reaches far beyond the topic of investing and includes Soros's responses to questions about life influences, philanthropy, international politics, and philosophy. The book should be a hit with those wanting an in-depth look into the mind of the master investor, but the interview format does not allow for the broadest coverage. Reporter and biographer Slater's Soros is better suited for those approaching the subject for the first time. Slater's presentation is balanced and well organized, and he succeeds at providing clear, concise summaries of Soros's sometimes confusing ideas and theories. Both titles would make good additions to business collections.?Mark McCullough, Heterick Lib., Ohio Northern Univ., Ada
Copyright 1995 Reed Business Information, Inc.
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