fact.
thinking lacks an independent point of reference by which it can be
biased and partial. I dont
people are influenced by
Lopsided trend-following behavior is necessary to produce a violent
In 1967, he became director of the firms research department. Feel-
in The Alchemy of Finance: When events have thinking participants,
called reflexivity-formed the key to his theory. Soros was convinced that
well.
rise or fall. That bias operated as a self-reinforcing factor, which then
Perceptions.
The trouble was that most people who had already tried to
jump the other way,
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