The Alchemy of Finance¶
Soros, G. (1987). The Alchemy of Finance: Reading the Mind of the Market. Simon & Schuster.
Cited by¶
4 citations across 4 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Reflexivity (Self-Reference)
- George Soros's The Alchemy of Finance (1987)
This sourceSimon & Schuster. Introduces reflexivity: the property whereby participants' beliefs about value actively shape the value itself, so price is a cause of further price movement and not merely a measurement of fundamentals.
- George Soros's The Alchemy of Finance (1987)
- Speculative Bubble
- What distinguishes a bubble from ordinary price appreciation is reflexivity—the property, named by Soros (1987), whereby participants' beliefs about value actively shape the value itself, so that the price is not merely a measurement of fundamentals but a cause of further price movement.
This sourceSimon & Schuster. Introduces reflexivity: the property whereby participants' beliefs about value actively shape the value itself, so price is a cause of further price movement and not merely a measurement of fundamentals.
- What distinguishes a bubble from ordinary price appreciation is reflexivity—the property, named by Soros (1987), whereby participants' beliefs about value actively shape the value itself, so that the price is not merely a measurement of fundamentals but a cause of further price movement.
Mechanisms¶
- Bubble and Lock-In Red Team
- Strip out token emissions and the "organic" yield is near zero — the curve is being pulled up by the expectation that the token keeps rising, which is exactly the reflexive dynamic that unwinds violently when sentiment turns
This sourceDescribes a reflexive boom-bust pattern in which rising-price expectations reinforce prices until the prevailing bias reverses and drives the process in the opposite direction.
- Strip out token emissions and the "organic" yield is near zero — the curve is being pulled up by the expectation that the token keeps rising, which is exactly the reflexive dynamic that unwinds violently when sentiment turns
- Common-Belief Dashboard
- Its strength is that it makes reflexivity observable: the tendency for a visible expectation to change the very fundamentals it is supposed to reflect, which is invisible to any snapshot metric.
This sourceSoros's reflexivity account holds that participants' perceptions can influence the fundamentals they are attempting to understand.
- Its strength is that it makes reflexivity observable: the tendency for a visible expectation to change the very fundamentals it is supposed to reflect, which is invisible to any snapshot metric.
Verification¶
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Links previously used in the corpus¶
Before the registry existed this work was also linked 2 other ways.
- https://books.google.com/books/about/The_Alchemy_of_Finance.html?id=y5S3AAAAIAAJ ×1
- https://search.worldcat.org/title/alchemy-of-finance/oclc/15519786 ×1
Registry ID ref:09e1fe3feb57 · see in the full table