I feel like I know absolutely nothing about financial markets. It’s truly embarrassing, Whenever the topic comes up I just sit there and nod. Any recs to get more knowledgeable on the basics?

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Read the Intro to Financial Markets book by the Economist.

Gives a pretty good overview

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Gotchu fam I had to fill my two month bench time somehow!! They’re easy reads and actually make sense

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CFA level 1 is pretty insightful if you are a glutton for torture 😅

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🙇‍♀️

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To be honest I don’t think anyone really knows.

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No reason why people shouldn’t learn. It’s pretty amazing stuff, one of the key underpinnings of how our capitalist society works

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Thick book but intelligent investor is a good start to understanding market fluctuations and psychology behind fundamental financial theory

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A random walk down wall st by malkiel is pretty digestible and you can read it in one week.

Takeaway: financial markets are just a guessing game

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All you really need to know as an investor is to understand your short term liquidity needs and for longer term needs, invest regularly in low fee diversified equities (like index funds) with a goal of getting close to the market rate of return.

Does anyone have something digestible that gets into each of the different products? Something that will help me understand like total return swaps ... fronting ... hybrid derivatives?

I’d start with basic economic theory, equity and fixed income fundamentals and then maybe options and swaps.

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