1.9: Finance Style
Students very often will come to their first finance class well-read in an impressive host of subjects, including history, literature, and more, but not necessarily in economics or finance.
Finance, as certain other “scientific” subjects, is written in a markedly different style; it is notably terse and succinct. Words are not parsed, and expansive, colorful prose is consistently eschewed. Sparse, precise language is the rule.
Unlike literature, for instance, one may find that s/he has to read the same sentence several times until s/he gets it. You just can’t put your feet up, and slice through many pages in relatively short order.
Do not get frustrated when this happens. Kick around the notions discussed in your head, until you get it. Then kick it over again; you may find that you can see the same thing from different angles with increasing thought. That should invigorate you. Start thinking in Abstract Terms – like a Financial Economist.
Spend extra time on each paragraph and page. You may find that you have to substantially slow down the pace of your reading.
As formulae are presented, carefully check the calculations to be sure you agree. You will find this extremely helpful in increasing your understanding and insight. Always keep your calculator handy as you read.
Be methodical and take your time. You will find that you will adjust to the new style, and you will find enjoyment in your increasing mastery! Think deliberately. Don’t think too fast!