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nos, thanks. i did see that site and have come across it several times while looking up terms. but as much as wikipedia and investopedia help, its tough to link
by matt1 18y ago
nos, thanks. i did see that site and have come across it several times while looking up terms. but as much as wikipedia and investopedia help, its tough to link everything together in the meaningful way a book might.
where to most people learn these terms? econ degrees and mbas?
- nostrademons 18y agoProbably not an econ degree - I took a couple econ courses and they didn't cover any standard financial terminology. Pretty sure a typical MBA doesn't cover it either. Maybe accounting, but I've never taken an accounting course. I think most people learn through going to work at a financial firm. My friends in hedge funds actually have classes (with tests, and homework) that they take within their employer, and they cover a lot of the corner cases of financial terminology. I guess I learned most of what I know through osmosis from former I-bankers and quants when I worked at a financial software startup. If you don't mind a book from the 1930s, you could also try Benjamin Graham's Securities Analysis, widely considered the bible of the field. Warren Buffett learned from that, and from pestering Graham until he hired him for his investment fund. It's really dry reading, but covers almost everything you need to know to understand income statements and balance sheets, including little adjustments you have to make to the company's numbers because they always try to paint things a little better than they are.