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Everyone’s heard of derivatives, options and futures, but the details of how they might save or destroy civilization are so daunting that the simple facts get lost. Let’s get down to business: A derivative is a financial security (tradable itself) whose value is based on that of an underlying asset. In other words, instead of…
From call options to put options, forwards to futures, we break derivatives down and answer all the questions you were afraid to ask. Derivatives: financial securities whose value is based on, or derived from, that of an underlying asset. That asset could be money, bonds or agricultural produce — or anything. Derivatives can be used…
Sylvia Porter: America’s Original Personal Finance Columnist By Tracy Lucht Syracuse University Press, 230 pages, $24.95 The reveal came on July 20, 1942, when the New York Post’s popular financial column ran under the name of Sylvia Porter. Since starting at the Post seven years earlier, the columnist had hidden behind the gender-ambiguous byline S.F….
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