The New Paradigm for Financial Markets

Abstract

Plato spoke of philosophers becoming kings, but what can one make of a philosopher ruling the financial markets with the bountiful blessing of the tenth muse? George Soros is that rare human being; the knight of darkness, who broke the sterling pound in 1992 after impoverishing the Bank of England of one-third of its foreign reserves for an astounding reward of$ 1 billion, is, in intellectual accomplishment and indeed in self-conception, an earnest philosopher. Hence perhaps, for all the laser-like sharpness of the financial analyst's mind, the shades of Hamlet in the words quoted above.