In Chapter 11, Larry Harris introduces us to Order Anticipators. These are parasitic speculators. They don’t care about what a stock is worth, and they don’t provide liquidity. They just want to know what you are about to do so they can do it first.
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
This is Part 1 of a chapter-by-chapter review of Financial Markets and Institutions by Jeff Madura. Chapter 1 sets the stage for the entire book by explaining what financial markets are, what gets traded in them, and why financial institutions exist.
Chapter 1 is where Harris lays out what this whole book is about. And honestly, even this intro chapter packs more useful information than most entire YouTube courses on “how to trade.”
Chapter 2 of Artificial Intelligence in Finance is technically labeled a “Preface,” but it does a lot more than set the stage. Hilpisch opens with a quote from Robert Shiller asking whether financial markets will ever become truly perfect, with every asset priced correctly. It is a big question. And honestly, the way the chapter frames AI in finance around that question is what makes it interesting.
Alright, let’s get into the actual meat of things. What even is a REIT?
In Real Estate Investment Trust Investing by Mike Hartley, the first chapter lays out the foundation for everything that follows. And it starts with a simple idea: you should be able to invest in real estate the same way you invest in any other business. By buying shares.
This is a retelling of Chapter 1 (Introduction) from “Behavioral Finance for Private Banking” by Thorsten Hens, Enrico G. De Giorgi, and Kremena K. Bachmann (Wiley, 2018).
Chapter 1 of Systems Thinking for Social Change by David Peter Stroh opens with a set of headlines that sound like they were written by a troll. But they’re all based on true stories:
Chapter 1 of Behavioral Finance and Investor Types by Michael M. Pompian opens with a Picasso quote: “I’d like to live as a poor man, with lots of money.” That pretty much sets the tone. We all want financial success, but something keeps getting in the way. And that something is usually us.
Book: Real Estate by the Numbers | Authors: J Scott and Dave Meyer | Chapter: 1
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The title tells you everything. The account is overdrawn. The world has been spending capital it didn’t earn, using resources it didn’t create, and running on the momentum of producers who are no longer there. And now the bill comes due.