A cynic's A to Z guide to the investment industry, where getting to grips with the terminology requires a degree in its own right
Nobody could have guessed that the financial services industry, which is dominated by finance, laws, bills and taxation, could ever have become so convoluted. Nowhere can this be arbitraged for greater gain than here, where the potential for huge rewards attracts the smartest, most dedicated and greediest. And nowhere can resulting misunderstandings lead to a greater loss than among investors who want to believe the hype at the top, while ignoring disclaimers at the bottom. Language can be hijacked if enough resources are thrown at it often enough, and the financial services industry ca...
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