Sounds like all the people that think the same about IT. It's "magic".
Buy and read some books, it's laid out pretty clearly. If you're not sure what to read, email some of the professors in finance at the University you went to.
If you think you understand the truly complex parts of finance, I would encourage you to re-evaluate. The world economy is still in turmoil and slow recovery because a huge amount of the experts didn't even properly understand the "innovative finance" they were using in 2008.
I don't understand it, and I have seen countless interviews and articles from respected economists who say there are financial products they don't totally understand either.
To "understand" something in finance is not quite the same as other disciplines. You can understand all the pieces and all the rules of something, but not truly "understand" it entirely. Economics involves a lot of sociology/psychology and difficult-to-predict human behavior. It is likely that no one is completely aware of all of these factors when it comes to any given financial instrument.
So, I don't think you should be laughing at someone and telling them to read books as if this is algebra or something.
I understand the parts I've worked in. No one likely has a clear understanding of 100% of finance (this actually crosses finance, accounting and economics, as well as statistics, programming and many other disciplines).
I have degrees in Finance and Economics, I'm a software engineer and my first job was as an Auditor for Andersen, so yeah, I've got a bit of a back ground in the "complex parts" of finance.
All it is for the most part is a fucking shell game FYI with different entities jumping through different nonsensical made up loopholes in tax law, financial regulations and anything else they can do to game the system.
Lots of people understood the "innovative finance" in 2008 and prior. For every stupid bet, there's someone on the other side. In fact, the reason we saw almost no finance people go to prison while the government gave billions, shows they know it far better than you give them credit.
You're right, reading a book about it is beyond most people. You have to actually pay attention as well.
I'm curious what makes you so sure you really understand it? It seems to me that when wealth is being concentrated more and more into the hands of the wealthiest all over the world, there is something deeply wrong with the financial industry and its textbooks.
Lol, degrees in finance and econ. Years of working in the industry as well. Why do you think people in finance aren't the ones being eaten up by increasing productivity and stagnant wages?
I got out of the field because I thought IT would be more rewarding. If I had it to do over again, I'd be one of those finance assholes ripping everyone off and laughing all the way to the bank.
Sounds like all the people that think the same about IT. It's "magic".
Buy and read some books, it's laid out pretty clearly. If you're not sure what to read, email some of the professors in finance at the University you went to.