HACKER Q&A
📣 NikolaNovak

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


  👤 kratom_sandwich Accepted Answer ✓
My 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.


👤 snehesht
I've been reading The Bogleheads' Guide to Investing. https://www.amazon.com/dp/1118921283

👤 anm89
Check out the npr whiteboard with paddy Hirsch series on YouTube