Summary and Personal Opinion on Peter Lynch and John Rothchild Learn Essay

Summary and Personal Opinion on Peter Lynch and John Rothchild Learn to Earn - Essay Example economics, mathematics and literature, but are not taught the roles that innovations and companies have played. "Every school child learns (only about) how the pilgrims risked their lives to find religious freedomin a tiny ship The Mayflower" (page 25) Following the 'Preface' and the 'Introduction' are the main chapters. Chapter One traces the history of capitalism. "For much of human history capitalism was an alien concept, for the bulk of the world's population never got their hands on money" (pg 21). We find how stocks got started in Europe centuries ago. We also learn how, more than a hundred years ago, Europeans invested in the then emerging market: The United States. "While optimists paid higher and higher prices for the shares of the Dutch East India Companypessimists bet against the stock through a clever maneuver called shorting". The optimists proved right and made unimaginable profits. Alexander Hamilton, father of the financial system, realized that the country couldn't get along without money, and to have money, it needed banks. Adam Smith understood the basics of how a free market works. Whenever there's a demand for a new product, competitiveness enters the scene. This competition is very good for all consumers, bec ause it forces the product makers to improve their product and cut prices. Without competition, complacency would set in. History of capitalism also speaks about the American economy which alternately moves from ecstasy to panic and back again. "In the euphoric periods, when prices were rising and jobs were plentiful, speculators would spend their last paycheck, hock their jewelry, go into debt, do anything to buy stocks, or bonds, or land, and get in on the action. Then, in the panics, collapses, and depressions, the speculators got their come uppance and people sobered up". We have seen many such stock market crashes in the great depression of 1853 and again in 1857, 1929, 1973, 1981 and 1987. One interesting description here is about what Lynch terms the robber barons. The robber barons were not robbers or lawbreakers in the traditional sense. They were high-end speculators, who struggled, connived, and strong-armed their way to the top of American industry. When you are an owner of a company, you only make money if the company succeeds. This is the risk of buying stocks: The Company you own may turn out to be worthless. It is for tacking this risk that people are rewarded so handsomely if they pick the right companies to invest in. This is also the most humorous chapter in the bookAfter an elaborate first chapter, Chapter Two covers the basics of investing. The discussion here is mostly intended for people who can invest money for a long time. The basic points here are that you should start invest early, and that stocks are the best performers among various investment options. Lynch proves how investors and corporations are true heroes of our great American Republic. Chapter Three outlines the lives of a company. It helps the investor to begin to think like the owner of a company. Chapter Four tells the stories of many companies which he calls the invisible hands. The Invisible Hand keeps the supply and demand of everything from bubblegum to bowling

Saudi arabia cultuer Essay Example | Topics and Well Written Essays - 500 words

Saudi arabia cultuer - Essay Example The government in Saudi Arabia is focusing on encouraging womens education, and putting controls and conditions that contribute to teach all the necessary matters in women’s life and the community things of these women (Al-Rasheed, 2010). There are two types of schools in the different levels of education; the first type is a private school, and the second type is a public school. There are also two systems to study at the university; the first system is full time study, and the second system is distance learning. 1. The aim of girls’ education is breeding true Muslim behavior to carry out its mission in life that assists girls in being successful housewives. This makes them to be an ideal wife and a good mother, and become prepared to do what fits to the innate as a teachers, nursing and doctors. . 2. The state manages girls education by providing the necessary resources as much as possible to accommodate all students that are able to study. It also gives students the opportunity to learn different types of education that are appropriate to the nature of women and cover the country needs. In Saudi Arabia, girl’s education has different challenges that are faced in the education movement. The educational process aimed at women has become a competitor to other countries in the world. According to the official statistics report, the number of girls schools exceeded the number of boys schools, while the numbers of girls’ students of public education were more than two million students in various stages of public education (Al-Rasheed, 2010). That figure is nearly close to the number of male student. The official statistics issued by the Ministry of Education in Saudi Arabia revealed that the number of parameters exceeded 250 thousand teachers in Saudi Arabia. This is an increase of 40 thousand teachers. This parameter is the number of male teachers in general education schools. These estimates shows that the rates of girls students was growing in