“"The problem is that none of Soros' ideas are new. "
Yeah, I read "a new paradigm.." and was disappointed. The best part of the book was his describing his father's escaping a gulag in Siberia.
Basically, he rehashes many of the phenomena that led to the current crisis.
Heck I was ready to jump into a bomb shelter in 2005, given the insanity I saw in the housing and credit markets.
Yes, he's right to point out the 'emotional' component to the markets, but I'm not sure why he gets the attention he does (perhaps because, for a financial manager he seems somewhat human?)
I placed down his book with my world-view unchanged.” source...
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