Best Introduction To Finance and Investing (Video)
The world of Finance can be very complex when you are starting. There is a whole degree in school for it and investors keep learning new things everyday. If you are starting to invest whether it is in stocks or entrepreneurial ventures, it is extremely important that you have a complete understanding in the financials of a company.
There is no doubt that financial engineers are running our modern world with their complicated financial vehicles, but this also opens the door to an enormous opportunity for the main street investor to make a great load of money. Simple understanding in Finance and Investing can give you a massive advantage from people considered to be “financial illiterate”. Most of the time our average Joe’s are being fooled by the financial literate; whether it is by overpaying for products and services, or by simply being tricked into bad investments.
Remember how I said that Finance can be very complex when you are starting?
Luckily our modern world has brought us great ways to learn faster, easier, and make it entertaining to learn about finance and investing.
One simple way to learn is by reading a book on investing from a top list. This is one of the oldest, but most effective ways to give you the full depth of knowledge in the subject. Read our Book Recommendations.
There are also online crash courses like the one provided in this website that will make you engage in the learning process, while also giving you a set of tools to speed up the learning process. Check it out
Billionaire Investor Bill Ackman, Founder and CEO of Pershing Square Capital Management LLP, has made a video that gives us a great introduction to finance and investing. The video is 44 minutes long, but I promise that will keep you entertained from start to finish. Ackman gives great introduction to accounting terms such as: what is a balance sheet?, an income statement, shareholders equity. Besides telling you his perspective and illustrations on how these terms are applied in real-life, Bill Ackman also shows us how investing can make you wealthy. I’m guessing we will believe him a thing or two since, once again… well he is a billionaire investor.
Once again this one of the best introduction videos I have found on the subject, please let me know what you think in a comment below.
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