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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.

Soros, who manages the Quantum mutual fund based in Venezuela, here traces the fund's performance in a controlled experiment using leverage in many markets (stocks, bonds, indexes, currency, etc.), to test the Reaganomics "imperial circle" and to demonstrate his own economic theory of "reflexivity." It is investors' perception of market values, claims the author, which perpetuates up-or-down price trends, foreign exchange movements, periodic government regulation, and so on. The most studious investment calculations, he concedes, are in the end more alchemy than science. As to such problems as the massive U.S. domestic and trade deficits and the Damoclean Third World debt, Soros offers innovative suggestions, including an international oil-based currency and a system of variable interest-rate bonds keyed to the volume of a borrower country's export trade.

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