Money makes the world go round and without the help of our financial advisers and bankers to control our finances there would be a large amount of increased debt to be worrying about. Finance as an academic standard has just recently been added as a field of study. As this may seem somewhat unrealistic because of how important finance is in the world today, you must think back at the many great leaps it has made and then it is easy to see how much the money world has advanced and grown to what we all know of it today. People demand that their money be monitored and watched to a precise point where they have control of each and every transaction and growth hoping to become more profitable and gain throughout each action. But where did this mathematical calculation of money making come to? How many steps did it take to create the perfect equation for a financial success?
According to the article The New Science of Finance many people tried and failed, but after learning from each mistake followed by a step in the right direction the trade of finance is now a prestigious study leading to a successful and important career. “With the advances in computers and the development of increasingly powerful statistical techniques, finance has become a truly empirical science, demanding that its various experiments be as objective, accurate and repeatable as those in particle physics microbiology”(Chance, Peterson). For the most part the mathematical process of finance is truly a science that has to be mastered and tested over and over again. Although the science of finance is actually an art of gorgeous markings that control each action of human interactions and life decisions there is still much debate and room to grow.
The confusion between marketers and financial advisors seems to sit strongly in the area of investment and the stock market. “Because investors receive countless reports about the economy, financial markets and individual companies, stock prices bounce up and down and thus proves difficult to judge just when and upward jog in price after report of surprisingly robust earnings is truly a reaction to that statement” (Chase, Peterson). All in all it comes down to a world dependent on the thought that these finance majors have learned enough to handle and take care of our money. They have memorized the equations and feel confident they know what’s best, but the truth is every move they make is just another guess, with room for error and re-growth in the right direction.
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