I understand a bit of martingle theory originated in the Franco-Russian backdrop by its animal spirit in the form of "doubling the stake" in betting games and fully endorse his view that market has no self correcting mechanism as touted by market fundamentalist, specially when it is in the speculative overdrive in multiplying the stake manytimes, which is ultimately a ruinous business game! Thanks to his crystal clear visionary utterances towards the recent credit crisis. A quick glace into the book would motivate to really own the book. But can we have it for sometime free!
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The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means by George Soros
sbose, April 10, 2008
I understand a bit of martingle theory originated in the Franco-Russian backdrop by its animal spirit in the form of "doubling the stake" in betting games and fully endorse his view that market has no self correcting mechanism as touted by market fundamentalist, specially when it is in the speculative overdrive in multiplying the stake manytimes, which is ultimately a ruinous business game! Thanks to his crystal clear visionary utterances towards the recent credit crisis. A quick glace into the book would motivate to really own the book. But can we have it for sometime free!(8 of 20 readers found this comment helpful)