THINKING

Soros mentioned in the book 'alchemy of finance' that thinking is a process of making a decision based on the situation or the events that are happening. However, the decision made base on the thinking process will affect the situation and events that are happening. As you can see, this process is like a recursive function where the first factor will affect the second factor, and the second factor will in turn affect the first. This process is known as 'reflexivity', a term coined up by Soros.