usefullMonday, January 03, 2005
congratulations
this dictionary took almost teh most important concepts of the real business day, book, and news. it's really usefull.
1 out of 2 people found the following review helpful:
Small in Size Yet Incredibly UsefulWednesday, August 18, 2004
As an IT professional working in the financial industry, I needed a book that would help me talk to the users and understand what they are saying. This book has helped me a lot in doing just that. Whether I needed a definition of what SWAPS are or wanted to know the difference between a CDO and a CMO, this book helped me all the way.
You will also find this book useful if you are an IT professional going in for a job interview with a financial firm and want to familiarize yourself with the general terms of the industry. I am still amazed at how such a small book can pack so much information.
7 out of 7 people found the following review helpful:
Great Tool When Dealing with Finance or InvestmentMonday, January 12, 2004
Unless you work in finance and investment, it is virtually impossible to keep apprised of the terminology and jargon. Even if you do, it's probably fairly easy to come across some word that you do not know the meaning of or are uncertain as to its meaning. This handy reference book is perfect for both professionals and non-professionals who find themselves confronted with the often arcane verbiage of the finance and investment world.
This book has frequently been of personal use to me in reviewing contracts for clients, as well as helping me when I stumble across some unknown term while reading. This is a nice little tool that should be on your shelf or in your pocket the next time you talk to someone about finances, investments, or even insurance.
17 out of 17 people found the following review helpful:
Not a panacea but extremely usefulSunday, June 08, 2003
I find myself somewhat amazed at the financial analysts and brokers who find this book unsatisfactory. The poignant analogy coming to mind is offering the book "Accounting for Dummies" to a CPA. Of course it is unsatisfying. A book like this is not aimed at seasoned professionals in the field; rather, it's intended audience is grounded in those with little or no exposure to the securities/financial fields.
I have been involved in securities litigation consulting for almost a decade now. As my consulting practice has grown, I have hired many individuals, most of whom are not well-versed in securities/financial jargon. In significantly all cases, these new employees feel ill-at-ease initially when reviewing case files and documentation due to the learning ramp and educational abyss. I have found if I offer them a copy of the DICTIONARY OF FINANCE AND INVESTMENT TERMS (DFIT) on their first day, the learning curve is flattened and becomes much shorter in duration. As a matter of fact, several of my employees have taken the initiative to take their DFIT home to look for particular words/phrases common to their daily routines. By derivation, this makes the employee feel much less out of place and instills some level of motivation relative to their work (this has been a definite intangible benefit to my practice).
I keep one in my office and although I don't crack it very often, there are times when I'm not as familiar with a word/phrase and then, I rely on DFIT. This is similar to the situation of reading a book, seeing a word you can pronounce and know but aren't quite certain of its EXACT meaning. Let's face it, with over 5,000 entries in DFIT, most professionals, even those entrenched in the field, will find themselves fuzzy on certain words and phrases.
While DFIT is not a panacea, it certainly fills the void. I would recommend this book for anyone new to the finance/investment fields and most professionals who deal on the fringes of these industries. ... I don't really see how one can go wrong here (particularly given that many reference offerings go for hundreds of dollars).
3 out of 4 people found the following review helpful:
Endorsed by an elected treasurer.Thursday, May 08, 2003
As the elected treasurer for a Califonia county we have had this wonderful little book since its 2nd edition.
Of all the reference and resource books we have at our disposal, this book ranks the highest.
The book is updated quite often and is worth its weight in gold!