Research and visual aids for INV

This is a running list of images and video for the INV storyline written by Eisa Davis, first workshopped for presentation in February 2013 at HERE’s Culturemart festival in New York City. INFO & TRADING ROUNDS. Mayor Bloomberg ringing the NYSE opening bell, Oct 31, 2012 And for something sillier, Robert Downey Jr. ringing to … Continue reading

I need to be subsidized

Keynes on money

The importance of money flows from it being a link between the present and the future. —John Maynard Keynes And because I can’t link to it enough, the fabulous Keynes-Hayek rap, “Fear the Boom and Bust”

The Stock Market: Explained! by 1950s educational videos

Two gems I found on DVD. Sadly, since I don’t own the copyright, and don’t feel like getting into a kerfuffle with anyone, for now I’m just going to put them behind a password on Vimeo for our own internal use. So, Team TRADE PRACTICES, you know what to do. If anyone else is reading … Continue reading

Different Classes of Common Stock

We know the difference between preferred stock and common stock, but what is the difference between common stock A  and common stock B? Some companies have different “classes” of common stock that vary based on how many votes are attached to them. So, for example, one share of Class A stock in a certain company might give … Continue reading

Corporate Governance: Stakeholder Theory

Comparative studies of corporate governance: Anglo-Saxon (Shareholder) model vs. German/Japanese Stakeholder model. Notes from Allen, Franklin and Douglas Gale. “A Comparative Theory of Corporate Governance.” Anglo-Saxon corporate governance (US, UK) is based on the Adam Smith model of organizing the economy. “The role of the firm in society is precisely to create wealth for shareholders … Continue reading

Open Outcry video

(skip around for the good parts, good idea to start at like 7:19) (3:44-4:00 has an excellent exchange, and features a woman in the Pit) (starts at 6:12) (:29 is a good place to start) (start 12:57) (start 5:03)

Basic Stock Market Explainer

(via Howstuffworks.com, “How Stocks and the Stock Market Work”) Stock Markets A share of stock is a share in the ownership of a company. When you buy a share of stock, you’re entitled to a small fraction of the assets and earnings of that company. Assets include everything the company owns (buildings, equipment, trademarks) and earnings are all of the … Continue reading

Commercial Banks and Corporations

This is me getting up to speed on things everybody else is clear on. Can also be a place to stick any new info we come across. An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client’s agent in the issuance of … Continue reading

You have two cows…

Traditional Capitalism You have two cows. You sell one and buy a bull. Your herd multiplies and the economy grows. You sell them and retire on the income. American Capitalism You have two cows. The government taxes you to the point you have to sell both to support a man in a foreign country who … Continue reading

Say’s Law

[from WIkipedia: http://en.wikipedia.org/wiki/Say%27s_Law] Say’s law, or the law of market, is an economic principle of classical economics named after the French businessman and economist Jean-Baptiste Say (1767–1832), who stated that “products are paid for with products”[1] and “a glut can take place only when there are too many means of production applied to one kind of product and not enough to another” … Continue reading

Free stock charts — stockcharts.com

Stockcharts.com Provides performance data for individual stocks or whole exchanges, lots of different graphical display options. The latter might be good for us, just in terms of giving some guides for how we can display our own market’s information to the audience?  

Weber’s The Protestant Ethic and the Spirit of Capitalism

The Protestant Ethic and the Spirit of Capitalism (full text) —=+=— [from Wikipedia] The Protestant Ethic and the Spirit of Capitalism is a book written by Max Weber, a German sociologist, economist, and politician. Begun as a series of essays, the original German text was composed in 1904 and 1905, and was translated into English for the first time by Talcott Parsons in 1930. It is considered … Continue reading

William Cohan talk, “Money & Power”

Why does Wall St. keep doing this to us? this is NOT a “once in a hundred years” thing, as they like to say it is par for the course, BUSINESS AS USUAL Goldman-Sachs has been around for a LONG time, 120+ years in that time has been involved in MANY law suits, indictments, ponzi … Continue reading

Option

In finance, an option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the corresponding obligation to fulfill the transaction. The price of an option derives from … Continue reading

Futures market

[From Wikipedia] A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts; that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. These types of contracts fall into the category of derivatives. Such instruments are priced according to the movement of … Continue reading

Black-Scholes

[from Wikipedia] The Black–Scholes model (pronounced /ˌblæk ˈʃoʊlz/) or Black–Scholes-Merton is a mathematical model of a financial market containing certain derivative investment instruments. From the model, one can deduce the Black–Scholes formula, which gives the price of European-style options. The formula led to a boom in options trading and the creation of theChicago Board Options Exchange. lt is widely used by options market participants. Many … Continue reading

On randomness of winning streaks, and barcode tracking

The Drunkard’s Walk Audiobook: part 2, chapter 3, ending at 44:35 discussion of randomness and performance and how we misperceive the cumulative effects of success i.e. the difference between the odds of one specific individual in one fixed period of time hitting a winning streak based on purely random, coin toss decisions, vs. the odds of some ONE of many … Continue reading

In-show trading mechanics

TRADE show mechanics – trading (PDF)

Markets vs. market systems

  from The Worldly Philosophers