by Donald Marron (Author)
About the Author
Donald Marron has a Ph.D in Economics from MIT and has served in senior posts at the White House and Congress. He is Director of economic policy initiatives and an institute fellow at the Urban Institute. Marron has broad experience in economic policy issues, including America’s fiscal challenges, tax reform, energy and environment, and the financial crisis. He testifies frequently before Congress, appears often at conferences and in the media to discuss economic policy, and works to popularize economics through his writings and his popular blog “DMarron: Musings on Economics, Finances and Life.”
About this Book
Stock-market crashes show how the world of high finance can negatively impact our daily life, but smart money reveals a two-way street where those savvy to the science of finance can take their personal wealth up a gear. What is a hedge fund? How best to understand private equity? What are the principles of investment? 30 Second Money balances key features of personal finance with those of the financial markets and economic concepts, explaining how mass monetary systems relate to one’s own money management choices. From basic concepts like risk and return to types of borrowing, investment, and risk management, everything is explained without jargon or complexity. This is the handbook that gives the reader an edge in any business conversation.
Brief Contents
6 Introduction
10 The Monetary System
12 GLOSSARY
14 Money
16 Fiat vs. Commodity Money
18 Community Currencies
20 Inflation & Deflation
22 Exchange Rates
24 Commercial Banks
26 Shadow Banks
28 Central Banks
30 Profile: Janet Yellen
32 Cryptocurrencies & Blockchains
34 Investing
36 GLOSSARY
38 Stocks
40 Bonds
42 Futures & Forwards
44 Options
46 Mutual Funds & Exchange Traded Funds
48 Profile: John Bogle
50 Active vs. Passive Management
52 Alpha & Beta
54 Borrowing
56 GLOSSARY
58 Credit Cards
60 Mortgages
62 Personal Loans
64 Alternative Financial Services
66 Microfinance
68 Profile: Muhammad Yunus
70 Rotating Saving & Credit Associations
72 Risk and Risk Management
74 GLOSSARY
76 Hedging
78 Profile: Edward Thorp
80 Diversification
82 Risk, Reward & the Kelly Criterion
84 Black Swans & Fat Tails
86 Insurance
88 Annuities
90 Players and Institutions
92 GLOSSARY
94 Exchanges & Clearing Houses
96 Investment Banks
98 Hedge Funds
100 Private Equity & Venture Capital
102 Financial Regulation
104 IMF & World Bank
106 Profile: Christine Lagarde
108 Basic Concepts
110 GLOSSARY
112 Trust
114 Compound Interest & Present Values
116 Interest Rates & the Cost of Capital
118 Taxes & Investment Returns
120 Arbitrage
122 Profile: Long-term Capital Management
124 Leverage
126 Liquidity
128 Securitization
130 When Things Go Wrong
132 GLOSSARY
134 Bubbles
136 Crashes
138 Hyperinflation
140 Gresham’s Law
142 Bank Runs
144 Bailouts & Too Big to Fail
146 The Global Financial Crisis
148 Frauds & Deception
150 Profile: Charles Ponzi
152 Appendices
154 Notes on Contributors
156 Resources
158 Index
160 Acknowledgements
Publisher : Ivy Press (October 1, 2019)
Language : English
Pages : 160
ISBN-10 : 1782408851
ISBN-13 : 978-1782408857
