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I’m perpetually shocked that many professional people (e.g. journalists with masters degrees) have a tenuous grasp at best on: basic accounting, how the US tax
by cascom 5y ago
I’m perpetually shocked that many professional people (e.g. journalists with masters degrees) have a tenuous grasp at best on: basic accounting, how the US tax system functions, simple financial concepts (simple math on NPV/perpetuities/annuities, Compounding), and financial market basics (stocks vs bonds, market cap vs enterprise value)
- recursive 5y agoHi. I'm one of the professionals you'd be shocked by. One of my problems is that I don't know who to trust. It seems like most of the people who would explain any of it also have something to sell. Of the concepts you listed, I think I understand compounding, at least the one pertaining to interest rates. The others are a mystery to me. I'm in a stable 6-figure career and in my 40s.