Man vs. Markets: Economics Explained (Plain and Simple) Just completed this book recently. It was a good summary of the financial markets and how it works, in USA. The basic way the markets work would be similar, and thus I think this book is a good overview to the financial market. The author was successful in explaining various terms and concepts by simplifying and giving excellent examples which most of us would be able to relate to. Some examples include the use of "toy lending" between kids to explain the components of a bond, and the use of the 3 little pigs' plight to explain the concept of stocks. He even simplified derivatives such as options, futures and swap through the use of stories and examples. In his words, these are simply tools which we use in our daily life, packaged in different terms. ————— Just went for a talk and book signing by Hirsch last night. He explained that futures is similar to the system we use to reserve airline tickets. Futur...
thoughts in a noisy world