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Ask HN: Finance System 101
Is there a good "Finance for Dummies" books that would allow one to semi-intelligently follow finances news? I made some notes and e.g. I'd like to more fully understand following terms (as opposed to think/assume I understand), and in particular their interplay. Kind of like a "high level architecture / process / data flow diagram for global financial system" :D
Absolutely understood that 100 people can spend 100 lifetimes and not fully understand it all. But an intelligently written primer is all I need for sheer curiosity. Thx!
asset
equity
liquitidy
leverage / over and under leveraged
Leveraged Loan / over leveraged loan?
Bonds
collateralized loan obligations
credit / credit facility
tield, dividend
solvency
collateral / overcollateralized
rehypothecation - using colateral on loan you've given to borrow more money
security / securitization
capital
capital ratio
loan / lend
balanced books
margin / margin loans / margin borrowing / margin lending
underwriting
divest / redeem
stock, exchange
bond markets
- snehesht 4y agoI've been reading The Bogleheads' Guide to Investing. https://www.amazon.com/dp/1118921283 https://www.amazon.com/dp/1118921283
- kratom_sandwich 4y agoMy suggestion would be to look whether there's a publicly available syllabus for a finance degree and start with book from courses' reading lists. Generally speaking, I find that there are finance and economics textbooks which are quite accessible. Start, for example, with Berk & DeMarzo's "Corporate Finance". You could also look at the books for the CFA level 1 exam. The CFA is a widely recognized professional certification and I find the reading materials for Level 1 quite accessible.
- anm89 4y agoCheck out the npr whiteboard with paddy Hirsch series on YouTube