Overview
The book is a dialogue between a money manager and a young man who asks whether or not he should invest. Their conversation explores -How 'for money' and 'not-for-money' investment differ; -How accounting and economic assets compare with social and natural assets; -How time is central to all of investment, building capabilities in the present which can deliver resources in the future; -How banks collectively create and destroy money; -How the yield curve shows the market interest rates for financial assets of different durations; -How competitive advantage is important in determining the returns achieved on real assets; -How 'fundamental value' differs from price, or what someone is prepared to pay; -How 'fundamental analysis' and 'technical analysis' of price data provide insights into risk; -How mean-variance analysis of price data is the conventional approach to risk; -How the economic ecosystem creates prices -How capitalism may be a lousy system and yet the best available as it adapts continuously to align money prices and human values.
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Details
- ISBN-13: 9780957039612
- ISBN-10: 0957039611
- Publisher: Sociables Publishing
- Publish Date: January 2012
- Dimensions: 8.5 x 5.51 x 0.53 inches
- Shipping Weight: 0.65 pounds
- Page Count: 250
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