By Alexander Green
Song into the scoop and you’ll pay attention tales of battle, sickness, average failures, corruption, violence, poverty, crime, nuclear proliferation, terrorism and political disorder in Washington. Polls express many think the yankee dream is fading, our kids face constrained possibilities, and the rustic is decidedly at the fallacious track. but this dour viewpoint – one recycled 24/7 through the nationwide media – is a gross distortion of the area we are living in today.
As nationwide funding specialist and bestselling writer Alexander eco-friendly unearths during this engrossing and provocative new e-book, the human race hasn't ever had it so good. within the West this day, we paintings shorter hours, have extra buying energy, take pleasure in items and companies in nearly unlimited offer, and feature extra rest time than ever before. dwelling criteria are the top they've got ever been. The human lifestyles span has approximately doubled over the last hundred years. Literacy and schooling degrees – even I.Q.’s – are at all-time highs. know-how and drugs are revolutionizing our lives. All kinds of pollutants – apart from greenhouse gases – are in decline. entry to the humanities hasn't ever been greater. Crime is in a long term cycle of decline. And the danger of loss of life through violence hasn't ever been smaller for many of humanity.
By virtually each degree, our lives this present day are prosperous past measure. we're all inheritor to an embarrassment of riches. but – thank you largely the drumbeat of destructive media assurance – such a lot people don’t detect it. eco-friendly compares the common citizen to “a lottery winner whose price ticket is misplaced in a few upstairs drawer.”
The results of adopting the cynical yet well known worldview are many, together with unnecessary pessimism, overlooked funding possibilities, and – strangely – even poorer overall healthiness. but An Embarrassment of Riches offers a robust antidote.
Green starts with a strong survey of the numerous methods our lives have gotten longer, more uncomplicated, more secure, fitter and extra prosperous. He then embarks on a wide-ranging exploration of the information and the various women and men – either residing and useless – which are nonetheless enriching our lives today.
Among the numerous matters explored are American exceptionalism, the extreme strength of monetary freedom, the lifesaving function of medication and know-how, the life-extending merits of optimism, the unconventional theology of Thomas Jefferson, the keys to civility and greatness, the knowledge of Confucius and Aristotle, the facility of attractiveness to counterpoint our lives, or even one artist’s thought-provoking tackle “how to defeat death.”
In An Embarrassment of Riches, New York Times bestselling writer Alexander eco-friendly bargains a holistic method of wealth – and provides a welcome standpoint that enables us to stay fuller, richer lives.
Read Online or Download An Embarrassment of Riches: Tapping Into the World's Greatest Legacy of Wealth PDF
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Additional resources for An Embarrassment of Riches: Tapping Into the World's Greatest Legacy of Wealth
Because debt instruments can have a different par value, the practice is to quote the price of a debt instrument as a percentage of its par value. A value of 100 means 100% of par value. So, for example, if a debt instrument has a par value of $1,000 and is selling for $900, it would be said to be selling at 90. If a debt instrument with a par value of $5,000 is selling for $5,500, it is said to be selling for 110. Coupon Rate The coupon rate, also called the nominal rate or the contract rate, is the interest rate that the issuer/borrower agrees to pay each year.
Financial assets, also referred to as financial instruments, are intangible assets. For financial assets, the typical benefit or value is a claim to future cash. Financial markets are classified as cash/spot markets and derivatives markets. Financial markets play a key role in the financial system of all economies. In most economies financial instruments are created and subsequently traded in some type of financial market. Keywords: financial assets, financial instruments, issuer, investor, debt instrument, equity instrument, fixed income instruments, maturity, coupon rate, floating-rate securities, amortizing instrument, call provision, put provision, prepayment, search costs, liquidity, price discovery process, capital market, secondary market, primary market, over-the-counter market, derivatives markets, derivative instruments, futures contract, option contract Participants in financial markets must understand the wide range of financial instruments and the role of financial markets.
R All other factors being constant, the lower the level of interest rates, the greater the price volatility of a bond for a given change in interest rates. Consequently, the price of a zero-coupon bond with a long maturity is highly sensitive to changes in interest rates. The price sensitivity is even greater in a low interest rate environment than in a high interest rate environment. For money market instruments, since their maturity is less than one year, the price is not very sensitive to changes in interest rates.