Successful Financiers Have Learned To Chat Their Walk!
Today, English is the most widely spoken and written language on the planet. English was first spoken in Britain by Germanic tribes in the Fifth Century AD. At that time it was known as the Old English (Anglo-Saxon) period. During the Middle English period (1150-1500 AD), many Old English word endings were replaced by prepositions like by, with, and from. We are currently in the Modern English period which started in the Sixteenth Century.
The quantity of words in English has grown from fifty thousand to 60,000 words in Old English to about 1,000,000 today ; the biggest of all languages by miles. A typical educated person knows about twenty thousand words and uses just two thousand words in a week. Notwithstanding its far-reaching use, there are only about 350 million folks who use it as their main language.
It’s the official language of the Olympic Games . More than 1/2 the planet’s technical and systematic periodicals as well 3 quarters of the planet’s mail, and its telexes and wires are in English. About eighty percent of the data stored in the planet’s PCs ( like this text ) are also in English. English is broadcast to above one hundred million folks everyday by five of the biggest broadcasting companies ( CBS, NBC, ABC, BBC, CBC ). It feels like English will remain the most generally used language for a while.
The sphere of finance was pioneered by the USA as an extension of mercantilism. This was at a point in time when study of anything apart from economics was considered undeserving in comparison to hard sciences like maths, chemistry and physic and kissing up in the king’s court was highly rated. The 1st business faculties were established in the United States because of this and still maintain their dominion. Finance has many words like put and call for which there aren’t any translations in other languages.
It’s vital that you develop your monetary vocabulary. My experience of the money vocabulary is huge compared against the average joe due to my Ph.D. That I hold in the field as well as my investing experience as a futures and option trader and long term stock financier.
Many years of study at the doctoral level mixed with direct practice in investments has permitted me to develop an enormous financial vocabulary. This enables me to capture the basis of investment readings and talks that the regular person doesn’t understand. Many backers fail not for absence of intelligence ( I’m of average intelligence ) but shortage of understanding of what makes the market tick. This is due, in great part, to a dearth of vocabulary the common man in the street hasn’t developed. Take some time to develop your fiscal vocabulary and you’ll excel over time as a stockholder!
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