Financial issues are critical to the day-to-day operations of business organizations. Therefore, everyone needs financial knowledge. That's why it's important to read Michael Brett's book How to Read Financial Pages. Brett is a freelance writer who has served as an editor of the "Investor Chronicles" and is a frequent financial thematic lecturer.
According to Brett, this article has been the first choice for anyone who wants to have a comprehensive and friendly foundation in finance and investment for more than a decade. The author says that by removing the mystery from the investment and financial world, the text is a layman's guide to reading and understanding the financial media and the markets and events it covers.
Brett added that, assuming no financial knowledge, the text provides a valuable explanation for the operation of the financial world, from money markets to commodity markets, investment ratios to acquisition bids.
This article contains 23 chapters. The first chapter is entitled "The First Principle." According to Brett's writing about money here, you can't completely avoid technical terminology. He said that the simplest terms and concepts need to be handled outside because they will appear again and again. "The foundation of all financial markets is the idea of getting a return on money. Money must work for its owner," the author suggests.
He concluded that funds can be deposited to generate income, which can be used to purchase goods or commodities that are expected to increase in value but may not increase, or can be directly or indirectly invested in income that is usually generated, but also shows capital gains or losses.
The authors emphasize that there are many changes to each topic, but you need to keep these principles in mind and put them in place. Regarding markets and interest rates, Brett explained that there is a market for each type of investment and/or many of their derivatives. He added that there is a money market in London, and it is not a physical market, because the price that the borrower pays for using the currency is the interest rate.
In Brett's words, "There is a currency market: foreign exchange or foreign exchange markets. Commodities have markets. Government bonds and corporate stocks have markets: the main domestic market here is the London Stock Exchange. You see these markets in the financial media, they The movement and investment in them."
He claims that the important point is that no market is completely independent of other markets, and the associated factor is the cost of money. The author said that if interest rates rise or fall, the entire financial market may fluctuate. He said that this is the single most important mechanism in the financial sector. It is hidden behind a lot of financial media: from the discussion of mortgage interest rates to the reasons for the trend of the Phnom Penh securities market.
Brett asserts: "The place where money will tend to get the best return, commensurate with the risk that investors prefer and the length of time he can hold his money."
The second chapter is based on the theme of money flow and money people. According to the author, when a financial reporter describes someone as "an outstanding city figure," he or she may mean what he or she said because the man may be a senior at a bank's office. member. Brett added that if a reporter describes someone as "a controversial city finance director," "he may approach him as much as possible in law, calling him a financial activity!"
But what exactly is this? ###; City'Which characters have more? Request this author. He said that this is of course a geographical area in the eastern part of central London, often referred to as the mile of the square, and adds to the city of "city". More often used as a convenient blank term for the core business structure of the UK financial system. Brett teaches that they don't need to do business within the square miles of the City of London, albeit in an amazing amount.
He said that the financial services they provide can power industry and trade. According to him, one of the more common criticisms of New York City is that it is far removed from the UK's own manufacturing industry. Brett said that although some parts of the city have always been international, the great changes of the past 20 years are even the most traditional domestic institutions, such as the internationalization of the London Stock Exchange. "New York City is the main source of intangible income in the UK's balance of payments." In 1998, financial services generated net overseas income of nearly 32 billion pounds," he said.
In Chapters 3 through 10, the authors studied concepts such as companies and their accounts; investment ratios; improved graphics; stocks and stock exchanges; what made stock prices change during normal times and the 87-year crash The stock market goes; issuing more stocks and repurchasing stocks; and bidders, victims and legislators.
Chapter 11 is entitled "Risk Capital and Leveraged Acquisitions". According to Brett, in order to meet different financing needs, venture capital funds, financing organizations, and sometimes a mixture of equity and loans, but usually only one or the other, for non-listed companies, grow rapidly.
The author said, "Because it is financing non-listed companies, such equity financing is often referred to as private equity."
He educated that another tax-funded investment vehicle designed to encourage venture capital investment in private companies is a venture capital trust. Brett added that venture capital trusts need to hold at least 70% of their investment in unquoted trading companies: broadly, the same companies will qualify for corporate investment plans.
The expert emphasized that venture capital trusts themselves are like ordinary investments and must be listed on stock exchanges.
In Chapters 12 through 19, the authors analyzed X-ray concepts such as compensation, allowances, and reverse capitalism; government and corporate bonds; banks, borrowers and bad debts; money markets; foreign exchange and euros; international currencies; Goods and goods; trouble and insurance and trouble after Lloyd.
Chapter 20 is entitled "Commercial property and market collapse". According to the author, commercial real estate [ie office buildings, shops, factories and warehouses] has been one of the main ways of investment by insurance companies and pension funds. Brett added that it was not as popular as it used to be at the end of the millennium.
He said that commercial real estate does not have a central market, emphasizing that the "market" is mainly organized by the major companies of charter surveyors or real estate agents. Brett explained that these companies offer a range of real estate investment services. "They provide advice on property ports, often manage ports on behalf of companies, provide valuations, negotiate leases, purchases and sales, and assist in financing financing for development projects," the authors add.
In Chapters 21 through 23, Brett puts his knowledge-exploring light on concepts such as saving, pooling investment and tax shelters; overseeing cities; and financial pages on print and the Internet.
As for the style, this book is a success. For example, the book is well presented, and the language is standard and simple, so despite the technical nature of the term, the understanding of the subject is enhanced. Given that Brett is a freelance financial journalist and implies a financial communicator, the style is expected to be successful.
The depth of research in this book is also commendable.
However, the definite article "The" component in the title of this book is structurally redundant. In other words, the title should be "How to read the financial page" instead of "How to read the financial page."
Usually, this article is a masterpiece of financial education. Anyone who is prepared to broaden their knowledge in the economy is strongly recommended.
Orignal From: How to read the finance page
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