**

The "reflexivity theory" founded by Soros is a new breakthrough and improvement of traditional financial investment theory. In the book "Financial Alchemy", Soros elaborated on his investment ideas relatively completely: The thinking of market participants and the market are interconnected and influenced, and cannot be independent of each other. The participants' cognition and the market are always in the process of change. Participants' bias and incomplete cognition make the equilibrium point out of reach, and the trend only keeps moving toward the goal. Participants' thinking directly affects the market situation, often causing a lot of uncertainty in the market. This is the "reflexivity theory" founded by Soros. "Reflexivity theory" questions the efficient market theory and is a major breakthrough in financial investment theory. In this book, in addition to incisively analyzing his investment philosophy, Soros also has a large number of investment models for readers to refer to. Of course, it also covers a wide range of knowledge, such as securities, currency, foreign exchange, etc. What's more important is that this is not only an investment theory work, but also a philosophical work that can help readers establish their thinking and methods of understanding the world. Perhaps this is the value of this book. Soros named this book "Financial Alchemy" not to refer to his secret recipe for turning stone into gold in the financial market, but because he modestly defined this theory in the sense of a financial experiment out of an almost humble awe of the market.