Finance's great. Our Finance 1 Teacher said that Finance is good because it's cash and only cash matters. The rest is fluffy and intangible. Managers must focus on REAL BOTTOM LINE - the real thing, true stuff, actual money, something you can get your hands on, blah blah blah.
I just learnt that through Financial instruments you can buy shares without buying them, sell shares or options without owning them, buy stuff in the futures or forward market without outflow of cash and get an infinite return, (meaning zero initial investment), or guaranteed return with no risk.
Go figure.
Thursday, October 30, 2003
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