O'Reilly logo

The Wall Street MBA, Second Edition, 2nd Edition by Reuben Advani

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter | 9WALL STREET BASICS: STOCKS AND BONDS

When I finished college, I was up to my ears in debt and somewhat envious of my former classmates who had had their education paid for by their parents. My envy turned to sympathy when a friend explained to me that those who received parental funding faced the burdens of managing their primary equity investors: their parents. Their personal and professional pursuits would be subject to the approval of their board of directors, which was composed exclusively of Mom and Dad. Those of us who went the debt route would be beholden only to our creditors: the banks. The banks only demand repayment of principal in a timely manner; other than that, they issue few demands. Therefore, we suffer no equity dilution ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required