Thursday, July 26, 2012

Introduction to finance

đã enrolll lớp này
và sẽ take note tất cả ra đây :D

insist on clear understanding

Finance is the study of value, not money\
Money is just tool
Value creatation: 2 components: time & uncertainly
Will learn a framework
Finance = art + science

time value of money
decision criteria
bonds and stocks
uncertainty & risk

understand WHY they work the way they do

time value of money:

PV = present value
FV = future value
N :  number of period (#)
r = Interest rate (%) > 0

Book: theory of interest

love for example, is something that you can't put a dollar sign. That's why it's awesome

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