Although now long retired, the octogenarian George Soros is widely considered the greatest speculator of all time. Other investors such as Ray Dalio may have made more money for their investors than Soros. Activists such as Carl Icahn may have briefly exceeded Soros's net worth.
But Soros will always remain the man who "broke the Bank of England" in 1992, thereby exemplifying a gunslinging style of trading that has been largely confined to the history books.
Back in 1987, he wrote a book about his investment philosophy called The Alchemy of Finance, outlining his "Theory of Reflexivity." Soros admitted he gave his theory such a grand-sounding name so that it would sound like Einstein's "General Theory of Relativity." He thought it was that important.
Wall Street strategist Barton Biggs called it:
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"a seminal investment book... it should be read, thought about, underlined page by page, concept-by-idea... (Soros) is the