Final week I completed studying Liar’s Poker written by Michael Lewis. The ebook is partly about his expertise as a bond salesman at Salomon Brothers within the 1980’s and partly about enlargement of the bond market itself throughout the 1980’s. The elements about how the bond market developed to compete with the inventory market within the minds of merchants within the 1980’s have been essentially the most fascinating elements of the ebook for me. I used to be telling a neighbor in regards to the ebook over the weekend and she or he talked about that she did not know what the distinction between a bond and inventory actually is. I gave her my temporary clarification then turned to YouTube for a greater one.Â
TD Ameritrade’s YouTube channel provides a concise clarification of the distinction between shares and bonds. A for much longer clarification is obtainable in this older Khan Academy video.Â
Purposes for Training
