The Socionomic Theory of Finance

I’ve read 200 pages and I’m completely enthralled. It’s at such a depth it’s amazing. World altering. Must read

Very interesting ideas about how financial markets work (as opposed to traditional economic markets). It is a life time effort to push frontier of knowledge further which I encourage to read each of its 800 pages (is taking me some time..)

The book arrived in a timely manner, was as described and well packaged. Optimal experience.

Great. Every trader should read this, specially if they use Elliott Wave in their trading.

Not a page turner but if you stick with it, it reveals something revolutionary: a new theory regarding financial speculation. The proof will be in the pudding: will markets 2020-21 have a great crash as predicted by the Wave Principle?

I was wrong when I presumed that reading this book is hard work; the title suggests that it could be a serious academic writing. What I discovered was the exact opposite - the book is both entertaining and fun to read. After reading the first page, I could not put the book down. The author has a very engaging writing style, using an easy-to-understand English, backed by a deep understanding of his subject matter. It is a thoroughly enjoyable reading experience; it offers a very fascinating journey into a brand new field of science. On completing the reading, you will feel both enlightened and amused. Well worth taking your journey into this masterpiece...written by one of the intellectual giants of this century who has established himself as great thinker on analysing the underlying driver that shape stock market, human psychology and civilisation as a whole.

Great book and I agree with all theoretical conclusions. Experience simply shows there must be something else driving markets but news. I would only add that Prechter - unfortunately- has been too pessimistic on the markets generally (occasionally he has been right obviously and he did forecast the beginning of the bull market in the 1980s). There are other Elliott Wave practitioners who have had a more balanced and correct view on the markets In the recent past and are actually more optimistic about the next few years. This is an obvious difficulty of applying EW: The interpretation is quite subjective and opinions differ like for other forms of stock market analysis. At least though, it should tell you early enough when your view is wrong or right if you follow the rules and guidelines correctly.

This book is up there with with 2 or 3 others which significantly changed how of I think of our world in general and financial markets in particular. I would welcome a second edition which weeds out much of the last third of the book, which is not written by Prechter himself and which lacks the readability and storytelling quality level of the first two thirds of the book.

This work takes a lot of the mystery out of how the stock market actually works. A must read for those wanting to understand and not just gamble.

Groundbreaking!