And so what is this science we call Finance?
Robert Sarnoff believes "Finance is the art of
passing currency from hand to hand until it finally
disappears." Some, however, say that Money is the
root of all evil, but Ayn Rand replies,
"So you think that money is the root of all evil.
Have you ever asked what is the root of all money?"
Honestly, as Richard Feynman once said, "What I am
going to tell you about is what we teach our physics
stundets... It is my task to convince you not to
turn away because you don't understand it.
You see my physics students don't understand it... That
is because I don't understand it. Nobody does."
Some say Finance is the process of raising funds or
capital for any kind of expenditure.
Or that Finance is the science or study of the management
of funds.
In a nutshell, Finance is about how to get more out of
your money, and for that we have to thank
greedy Babylonian merchants without whom there would be
nor Money neither Finance!
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