5 lessons from the book "Alchemy of Finance" by George Soros 📚

▪️ The market is emotions. Prices are often driven by expectations, fear and greed. Understanding this gives you an advantage.

▪️ Cycles of reflexivity. The market and fundamentals influence each other, creating trends.

▪️ It’s okay to make mistakes. Soros does not hide the fact that he was often wrong. His strength was that he quickly admitted mistakes and changed strategy 💡

▪️ Always look for asymmetry. Don't chase every chance. The best investments are those where the potential return exceeds the risk many times over.

▪️ Intuition is important, but knowledge is more important. Soros advises trusting your instincts, but only after you have thoroughly studied the market.

Main quote:
True investor freedom lies in the ability to manage your fear.

This book is not about the secrets of success, but about how to become smarter in order to act more confidently and fight market sharks 🐳