Rachel Zellie, Chapter 7, Question #6

I thought it was very interesting how Wheelan described the the four simple needs of all financial instruments. It was interesting to read that especially in America we raise capital by spending a bunch of money that we don't have because we borrow so much. Even though America doesn't always borrow in order to raise capital but it was interesting to see that financial markets provide the capital necessary to individuals or the government but always at a price. Another thing I found interesting was the need to insure against the risk of investing. And the one thing that I found interesting and kind of funny is when Wheelan said, "Financial products are to speculation what sporting events are to gambling." I thought this was really funny because it's basically saying that investing can be a guessing game no matter how experienced you are. But overall I learned from this chapter that when it comes to investing and stocks and bonds you need to be diligent and be sure to be patient rather than waiting to get rich quick.