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How the Stock Market Works cover art

How the Stock Market Works

By: Ramon P. DeGennaro, The Great Courses
Narrated by: Ramon P. DeGennaro
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Summary

This course is an introduction to the stock market and stock investing for novices and experienced investors alike. Professor DeGennaro uses simple analogies to explain the origin of stocks and other securities, as well as their relative risks. He stresses the danger of trying to beat the market by trying to pick winners, predict price trends, or otherwise find opportunities that other investors have missed. Far better, he counsels, to own a well-diversified portfolio of individual stocks or stock funds, which tend to grow as the economy grows. He offers detailed guidance on how to pursue this course.

Among the topics covered in these 18 lectures are how to open a brokerage account and choose a financial advisor; the essentials of mutual funds, including index funds, and exchange traded funds (ETFs); how to trade individual stocks, including how to use options; the relative advantages of traditional IRAs, Roth IRAs, and 401(k) plans; how to minimize transaction costs and use tax laws for your benefit; the dangers of frequent trading; and the basics of corporate balance sheets, income statements, and cash flow statements.

For anyone who owns stocks or is thinking of entering the market, this course provides indispensable advice. If you entrust the management of your assets to a financial advisor, this course will give you the background you need to communicate more knowledgeably with him or her and be an informed participant in your own financial well-being.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2014 The Great Courses (P)2014 The Teaching Company, LLC

What listeners say about How the Stock Market Works

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  • R
  • 04-06-14

Highly recommended

The course starts off with the basics, explaining what a share is with easy to follow examples. Each lesson builds on concepts introduced in previous lessons, you are introduced to concepts like Options trading, mutual funds, etf and more. The only lesson not completely relevant to uk listeners is the one about US tax free saving accounts, but some of the principles there are still valid with the UK's ISA accounts.

Anyone interested in investing in the stock market should learn all the concepts in this course, and I think this course is one of the best way to learn the basics about them.

Highly recommended.

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5 people found this helpful

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Good introduction to the principles, but USA bias

Would you consider the audio edition of How the Stock Market Works to be better than the print version?

No. I found the canned applause at the beginning and end of each lecture irritating and unnecessary. A star removed for this. Forced to listen in order, which was useful, but with print could read in different order or even skip a chapter. Graphs and visual reinforcement would have been better to illustrate or enhance points made.

Who was your favorite character and why?

No characters, but favourite concept was not wasting investment money on high degree of churn (dealing charges) in portfolio.

What about Professor Ramon P. DeGennaro’s performance did you like?

Knowledgeable passion.

Was this a book you wanted to listen to all in one sitting?

No. It also encourages listener to digest and think about the content of each lecture.

Any additional comments?

Is geared to the USA audience so section on tax is not relevant outside USA and these and legal considerations may go out of date very quickly. There are still some fundamental and general concepts worth knowing and employing.

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1 person found this helpful

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Hard to Imagine a more Engaging Introduction

What made the experience of listening to How the Stock Market Works the most enjoyable?

As usual with The Great Courses, the delivery is by a talented professor of the topic with particular talent and enthusiasm for the subject. This is the essence of the series and anyone who's ever heard one will tell you the same.

What other book might you compare How the Stock Market Works to, and why?

As always The Great Courses, get the right people to turn potential tedium into a valuable learning experience.

Have you listened to any of Professor Ramon P. DeGennaro’s other performances? How does this one compare?

This is no different, and given the subject matter, it's uncannily accessible though perhaps as it's at a fairly moderate - though suitable - level of detail.

Was there a moment in the book that particularly moved you?

The subject matter is fairly unemotional, of course, but well connected to the human aspect in order to better aid the listener's understanding so they can relate to it and engage with the topic, a skill Professors hone over many years - even if sometimes it comes across a little patronising from time to time, it would be worse to resort to simple regurgitation of facts, and after there's a huge human element to Economics and the Stock Market.

Any additional comments?

Can't recommend The Great Courses enough. What better way to fill your spare time?

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  • mr
  • 03-07-14

Decent

I learnt a good amount, more useful if you are thinking about investing, not so much if you just want to understand jargon, though it is covered.

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