F4E_Decisions: Week 1
Finance is something that is related to money. The art of dealing with money is always a great thing. To be financially independent a person need to have a sound knowledge in the underlying concepts of the finance. Finance is all about managing your money, managing the inflows, outflows and wealth creating ways of the money. A person can have excellent skills and understanding in his particular field and if he doesnt have the necessary financial knowledge he will be financially illiterate and can be financially broke.
In the current scenario of the pandemic situation everything is in turmoil and the shares prices of many companies were trading least and even economies of the many countries were worstly hit. Yet some companies managed to get maximum benefit out of this situation. Like, Apple Inc had become the first company to reach a 2 trillion dollar market captilisation, a proud moment for the world economy. Reliance industries of India is trading at the all time high and had become the debt-free company during this pandemic situation.
So, what are the key differences between such outperforming companies and the other under performing compaies. In my point of view I think it is the fundamentally strong principles, core management teams and having a strong foundations of the financial principals.
I believe for a better society, a financial knowledge is needed for each and every individual of the society right from the begining. With financially sound individuals forms a financially strong society.
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