Finance

9 boards, 37 lessons, 272 review questions, in 3 chapters. Read them in order. Each chapter builds on the one before.

Your progress0 of 37 read

Start here → Nineteen and Six - where the water goes

Contents

1Your Money12 lessons
Money as water in a tank: the one number that moves the level, why a coin today beats a coin next year, the rain barrel, debt, insurance, shares and bonds, the index, the horizon, sheltered pots, the sale at the bottom, the scheme too smooth to be true, and a one-page plan.
The Tank The Minimum Payment
2Markets14 lessons
The valley's water market: the order book, the random walk, fat tails, mixing rivers under one cloud, the premium for carrying risk, bonds, futures and options, a price with no opinion in it, Black-Scholes, leverage, the models that all agreed, bubbles, and an honest backtest.
after Your Money
The Water Market One Cloud Many Rivers The Drought Right The Borrowed Bucket
3The Plumbing That Moves Money11 lessons
The pipes under the street: your balance as the bank's debt, double-entry, the book you never erase, money as whole cents, the four parties to a card tap, the hold, push and pull rails, settlement risk and netting, reconciliation, fraud scoring, and a double-entry ledger built in Go.
after Markets
The Pipes The Netting Window The Nightly Match

Borrowed from other tracks (14)

You don't need to take those tracks. These are the only lessons this track uses from them, and each is linked where it is needed.