📖Soros on Soros — George Soros's Autobiography

The editor will take you to deeply understand the brains of financial tycoons

🌍 Preface: Why watch "Soros on Soros"?

For Hong Kong people, the name George Soros is synonymous with "financial tycoon." His dramatic confrontation with Hong Kong during the 1997 Asian financial crisis is particularly vivid today.

" Soros on Soros " is actually a collection of interviews and autobiography with Soros himself. He discusses not only investment strategies but also his outlook on life, philosophy, and political stance. After reading it, I felt like I was listening to him chatter about the world, the market, and his ideals. If you want to understand why he can influence global markets, this book is a must-read.

📘 Book Background

• Publication date : 1995
• Format : Interview + self-narration
• Focus : Investment philosophy, open society, personal experience

Soros's most famous theory is " reflexivity ," which argues that financial markets are not completely rational but are influenced by human psychology. Prices and reality influence each other, creating an echo effect.

🧠 Topic 1: The core of Soros's thought

1. Reflexivity Theory

The market is not "perfectly efficient"; investors' emotions and biases drive asset prices and ultimately affect reality.

👉 My understanding is: it’s just like the Hong Kong property market. The more people believe that “property prices will only go up”, the more people buy, and eventually prices really go up to the ground.

2. Open society concept

Soros, deeply influenced by philosopher Karl Popper, believes that an "open society" is the cornerstone for preventing totalitarianism and safeguarding freedom. He established the Open Society Foundations not to flaunt his wealth but to promote democracy, education, and human rights.

👉 Editor's perspective: Some say he is the "black hand behind the world", but he believes he uses money to promote a fairer and freer world.

💰 Topic 2: Investment Philosophy and Operations

1. Admit your mistakes

Soros believes that the most important thing in investing is not always being right, but how quickly you admit your mistakes . If you're wrong, you should cut your losses immediately and not hold on to your losses.

👉 The editor feels that the most common mistake made by Hong Kong retail investors is to keep taking losses without stopping, and eventually lose everything.

2. Big bets

His investment philosophy is to "make a big bet when you see the right opportunity", for example, he bet on the British pound in 1992, which made him famous.

🏛️ Theme 3: Politics and Social Roles

Soros is not only an investor, but also a philanthropist and thinker. Through his foundation, he has donated billions of dollars to support education, press freedom, and civil society organizations.

Hong Kong people are particularly sensitive to him because of his direct confrontation with the Hong Kong Monetary Authority during the 1997 financial crisis. Some called him a "speculator," others a "fake" who "exposed loopholes in the system." He himself explained that the financial market is a gambling arena, and he simply played by the rules.

🌟 Editor's summary

"Soros on Soros" is not an investment textbook, but a philosophy + life memoir.

• Want to learn stock trading? His philosophy can help you adjust your mindset.
• Want to see the world? His philosophy gives you a new perspective🌎
• Want to know what financial giants think of you? This book is the most direct answer 🐊

👉 The editor summarizes in one sentence: Soros is not only a financial tycoon, he is also a philosopher who uses money to move the world.

📑《Soros on Soros》Lazy Notes Edition

I've compiled a quick note for you to check anytime. 📘

🌍 Soros

• Jewish investor and financial tycoon🐊
• In 1992, he became famous for his attack on the British pound.
• The 1997 Asian Financial Crisis and Hong Kong
• Philanthropist and thinker

🧠 Core Thought

1. Reflexivity theory🔄

   • Markets are not completely rational
   • Prices affect reality, and reality affects prices
   • Investor sentiment drives market trends

2. Open society concept🌐

   • Influenced by philosopher Popper
   • Resist totalitarianism and pursue freedom and democracy
   • Support education, human rights, and press freedom through foundations

💰 Investment philosophy

• Admit mistakes quickly and cut losses quickly : Don't delay if you make a mistake
• Bet big : hit the jackpot with one shot⚡
• Be flexible and adaptable : The market is constantly changing, so you need to adjust at any time

🏛️ Social and political roles

• Established the Open Society Foundations and donated billions of dollars
• Supporting global education, civil society, and independent journalism
• Some praised him as a philanthropist who promoted freedom, while others criticized him as a global speculator.

🌟 Editor's summary in one sentence

Soros is not just a speculator, but a person who uses the power of finance to practice his philosophical beliefs.