Stock-market crashes show how the world of high finance can negatively impact our daily life, but smart money reveals a two-way street where those savvy to the science of finance can take their personal wealth up a gear. What is a hedge fund? How best to understand private equity? What are the principles of investment? 30 Second Money
balances key features of personal finance with those of the financial markets and economic concepts, explaining how mass monetary systems relate to one's own money management choices. From basic concepts like risk and return to types of borrowing, investment, and risk management, everything is explained without jargon or complexity. This is the handbook that gives the reader an edge in any business conversation.
Donald Marron has a Ph.D in Economics from MIT and has served in senior posts at the White House and Congress. He is Director of economic policy initiatives and an institute fellow at the Urban Institute. Marron has broad experience in economic policy issues, including America's fiscal challenges, tax reform, energy and environment, and the financial crisis. He testifies frequently before Congress, appears often at conferences and in the media to discuss economic policy, and works to popularize economics through his writings and his popular blog DMarron: Musings on Economics, Finances and Life.