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Prague, Czech Republic

University of Economics, Prague

Finance

Language: English Studies in English

Subject area: economy and administration

University website: www.vse.cz

Years of study: 4

Finance

Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.

Wikipedia

Finance

Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." [...] The public owners seem to have abdicated all claim to control over the paid superintendents of their property.

Benjamin Graham, World Commodities and World Currencies (1944)

Wikiquote

Finance

The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine.

William J. Bernstein The Four Pillars of Investing (2002), Introduction, p. ix.

Wikiquote

Finance

The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.

Jean-Baptiste Say A Treatise On Political Economy (Fourth Edition) (1832) Book III, On Consumption, Chapter VIII, Section I, p. 449

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