BUS-F 228 Lecture Notes - Lecture 1: Financial Intermediary, Investment Banking, Private Equity
Document Summary
Bus-f228 lecture 1 introduction to class/history and overview of financial. Can be reached via phone, email, and office hours. David stowell, 2018: an introduction to investment banks, hedge funds, and. Much of the class is involved in the readings. Financial system connects people that have money with people that need money. People that have money are investors: want to invest in businesses, which need money to expand, businesses want to create more value for their investors, so a symbiotic relationship. Financial intermediarites are in between businesses and investors. Financial markets are exchanges: nasdaq, nyse, 24 other exchanges in the united states alone, other countries have their own stock exchanges as well, some companies are traded on more than one exchange, ex: alibaba. Derivatives: give you the right to buy or sell a stock in the future. So companies are traded between investors on an exchange. The first time a business is sold to the first investor is the primary market.
