https://gdpark.blog/tags/finance/Recent content in Finance on gdpark.blogHugoenSat, 25 Dec 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-01-introduction/Wed, 31 Mar 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-01-introduction/Kicking off a weekly series to transcribe my CFA class notes — maybe with a backtest or two — on a heroic 30-min-a-day schedule. Fighting!!!!https://gdpark.blog/posts/money-banking-01-why-study-money-and-banking/Thu, 25 Jun 2015 00:00:00 +0000https://gdpark.blog/posts/money-banking-01-why-study-money-and-banking/Casually skimmed then carefully re-read Ch. 1–2 of money & banking — vocab check on stocks, bonds, debt instruments, and short-term money market tools!https://gdpark.blog/posts/corporate-finance-02-time-value-of-money/Sat, 15 Oct 2016 00:00:00 +0000https://gdpark.blog/posts/corporate-finance-02-time-value-of-money/A fun, casual walkthrough of time value of money concepts — future value, present value, and the compound value interest factor (CVIF) explained with zero boring.https://gdpark.blog/posts/corporate-finance-04-valuation-of-bonds-and-stocks/Sun, 16 Oct 2016 00:00:00 +0000https://gdpark.blog/posts/corporate-finance-04-valuation-of-bonds-and-stocks/Breaking down how to slap a price tag on bonds and stocks using present value formulas — and yes, yield to maturity is just as annoying to solve as it sounds.https://gdpark.blog/posts/corporate-finance-05-liquidity-management-and-capital-budgeting-overview/Sun, 16 Oct 2016 00:00:00 +0000https://gdpark.blog/posts/corporate-finance-05-liquidity-management-and-capital-budgeting-overview/A no-frills terminology dump on liquidity management, working capital, and financing policies — because these chapters sure aren’t giving us any practical how-tos. T_Thttps://gdpark.blog/posts/corporate-finance-06-cash-flow-estimation/Sun, 04 Dec 2016 00:00:00 +0000https://gdpark.blog/posts/corporate-finance-06-cash-flow-estimation/A casual walkthrough of cash flow estimation for investment evaluation — covering incremental flows, opportunity costs, sunk costs, depreciation, and more.https://gdpark.blog/posts/corporate-finance-08-risk-and-project-selection-dominance-principle-and-return-ri/Mon, 19 Dec 2016 00:00:00 +0000https://gdpark.blog/posts/corporate-finance-08-risk-and-project-selection-dominance-principle-and-return-ri/A chill walkthrough of how risk is actually just quantified volatility — using probability distributions, expected returns, and variance to figure out which projects are worth picking.https://gdpark.blog/posts/corporate-finance-09-portfolio-variance-and-covariance-matrix/Mon, 19 Dec 2016 00:00:00 +0000https://gdpark.blog/posts/corporate-finance-09-portfolio-variance-and-covariance-matrix/We level up from single-stock picking to full portfolio selection — figuring out how to compute a portfolio’s μ and σ using the covariance matrix.https://gdpark.blog/posts/corporate-finance-10-minimum-variance-portfolio/Tue, 20 Dec 2016 00:00:00 +0000https://gdpark.blog/posts/corporate-finance-10-minimum-variance-portfolio/Walks through how diversifying stocks makes individual risk basically vanish while covariance dominates, with a hands-on two-stock example using correlation coefficients 0, 1, and -1.https://gdpark.blog/posts/corporate-finance-11-efficient-frontier-markowitz/Wed, 21 Dec 2016 00:00:00 +0000https://gdpark.blog/posts/corporate-finance-11-efficient-frontier-markowitz/We dive into the Markowitz efficient frontier — plotting every possible portfolio combo in expected return vs. standard deviation space to find the best bang for your risk buck.https://gdpark.blog/posts/money-banking-13-money-and-banking-at-a-glance-series-overview/Thu, 02 Jul 2015 00:00:00 +0000https://gdpark.blog/posts/money-banking-13-money-and-banking-at-a-glance-series-overview/A visual series overview covering the essentials of money and banking — everything you need to get up to speed fast.https://gdpark.blog/posts/cfa-l1-33-understanding-geometric-mean-return-for-the-yield-curve/Sat, 25 Dec 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-33-understanding-geometric-mean-return-for-the-yield-curve/Finally tackling the yield curve — but first, why geometric mean return (not arithmetic mean) is the only correct way to think about % gains over time.