0: Welcome to economics to five to this is financial markets, and im Роберт Шиллер зис из a course for under it doesnt презум энни.

1: The basic интро икан реквизит итс эбаут её of the course is financial markets, а.

2: Its about real world and it's about what to me to this is it what we do live its a sai so you may, меджин итс корс эбаут?

3: Its structure, to which we do things this and скил сингс, итс эбаут и resources to space and time limited resources that we have in a world.

4: Its about инсентива инг пипл ту ду продактив финс, итс эбаут, спонсоринг, венчерс, зет брин тур лав оф пипл and making sure, that people are ферли триде зет зей контрибьют.

5: And its about менеджинг риск, and we do in life is anything by that we do, из, and thats what to me thats what financial markets is about со

6: Booty love to me this is the curse the philosophical андерен бат эт, the same time will be very фокус Анди.

7: To me that by the details about his work it can be and it its. In the details that

8: So i talk about институ энд мерин, оо i talk about banking иншенс, sometimes people dont include иншенс ай донт.

9: One two will include its about security эбаут фьючерс маркетс эбаут маркетс, но be about financial crisis and its also about future i like to try to think about the.

10: Hard to do so where are we going? This course will have us busy we living юнайтед стейтс, ви i know the us and any the country, but at the same time.

11: Nice that many you or even москов ю. И work outside the us and and so its импортент ви хэв a world перспектив самфинг ай в try do my.

12: Ancora in this curse the world перспектив олсо потикали, материнс, ви хэв Азер, вьюс, фо зис корс Писай с people in this room this course is one of.

13: Couple dozen корс из that your university is offering free to the world as part of open and meat н ю. Нет, ден.

14: Father and it will be ввели он, and it will be f, and buy learn many other.

15: Well, i this is the second time, this course is in film for open the first time was in two thousand a three years ago, and i very pleased to report that i have.

16: Пипл and every меджин обл. Кантри у who have watch this lecture and i get имел Фром соу ай ноу зет.

17: Соус корни и than any н физик онли хэв ту би for the last three of research физик биг фо.

18: Cursed but файненс рили хэс ту би апдейт, а think because its going to such терминал and change right now we have the worst файненшл крайсис синс зе грейт депрешн н.

19: World war crisis and government эраунд зе ворлд воркинг эннинг файненшл институн ви хэв организейшен оф гавермент нотабли зе джи твоти вич из вери инвали?

20: Tap аддамс а. Gender for international cooperation is changing a financial markets соу ай Финк зетс, но reason i want try to keep im good about good doing.

21: In the course, i hope that you're not you in the room not to buy the car and feel you can, and you can you dont have to be анкера.

22: Афина.

23: So thats where we are now i want to put this in либо контекст the other major файненс корс зет ви хэв и is economics to fifty.

24: One and its start by профессор джон john капле ху из a mathematical экономист энд олсо практишно хи даз Хиз ресерч директор.

25: Плохи сама лайк ми и interested in practice.

26: But this course is more differently мор сиверика энд америка the wine his из интайл файненшл фири энд ай кэн рид само the topic.

27: This course is also the peer and open шортли ю. Can take the хо кор бат ай донт ноу итс нот апп зис момент и will be up in of mass so i e, if you want to take open.

28: I can to fifty one that he talks about cause if you read the topic корс ю c. Z. Море and technical, и mine he talks about this in dance and to be.

29: N time the mathematical фири оф банд прайсинг дайнемик презент валю сошал секьюрити энд the overlap дженерейшен модал нет and хеджинг 1 из тай стейк.

30: А вот эксплейн, а here talking some learn about риск эс, the риск and the capital and about левее сайкл вич из to crisis so i.

31: Recommend you take i can to fifty one, but i dont expect you take it, this course is self контейн энд айм, она keep математикс ту зе минимум ин зис лёкше.

32: Bad idea he is, we can completely i align to but im understanding ви. Девайд, а subject со дин.

33: And im doing the real world complete лайк ток эбаут институт.

34: Математик, соу иное мост и u menu will not take экономикс ту фифти Ван вот we are doing a little indication of the mathematical principle мо.

35: And i will we have ревью н is teaching ассистенс ви план в x n o b a friday in this room, and they они.

36: Those were covered, the fear and will be like a short form of course and have problem, sets and by six проблем сет Ван фото сешенс со.

37: There will be само, а в talk about the pope of this course Ван. Вот а emerging от дду.

38: I pride myself i think i teach, my boss i think i teach Вон the most useful корс н.

39: I think about it because this course really её you to do in the world i seen this course на four twenty five years i first.

40: In the fall of ninety five depressing to me, its great i like to be to keep moving my head i won вот my найти и five корс, лук, лайк, а the do open i can go.

41: I think, i got more philosophical and maybe more real world time is gone by and i have when i go i get love of public торкс энд ол стрит, and then i do Ван ан уолл стрит.

42: I like to ask people for show of hands how many were you of you were in my экономикс ту фифти, ту класс and i дефки, гёте Ван ту лист, ху рейс, хендс соу зетс э серсее, прайд ту ми.

43: Two people are the beginning of the earth and i hope it more sense to what they do.

44: So.

45: We go in the finance, бикоз ай синк. Её most. You have other purpose on what is mean to go? In the fight like that by sun hoo из из.

46: Is very фокус тан он, файненс бат, ай синк, эвриван шуд, ноу, файненс, у би река.

47: Со ввиду.

48: Bad to me i think i like to think you have of purpose in life.

49: Props is not to make money this is one about my people think that its fuel for money in people who just make money, and i dont ка in its turn.

50: For doing fine and you dont wanna b mista i ю то да, он say lou what thats about вот зетта.

51: So its i i i i think that i hope that you have other purpose in line besides us even know you who go in the van but?

52: The question this is a vocation корсика бен элон традишн зет ви а нот эвоке скул айс ю ноу.

53: Is there with the sun ay экшели винт to lock it the a an the the one government in seventeenth Ван.

54: University this university was нешли мост ли, training ground for the ministry bad i ii red in the in the age of the avener энд компани оф the colony of kane.

55: Is finding фо зе эджике тинг энд instructing оф юс inn гуд live at and since that, for this university, it is in some level location but its not.

56: Юно Валер, vocation i want to think about what we doing and how и what you do for your life?

57: So, i think, i think he файнанс из the kind of инженеринг и way, but it инженеринг воркс виз не machine with we call technical, а visa with people.

58: And and so, if we want to understand how to do this, we have to get some technical.

59: Curse the text book that i chose for this course is by frank фо бози ху из the professor school of management, with two cases we have фрэнк оф мадлиани.

60: For whom i have some personal эффекшн из my dissertation, эдвайзер эмайти энд энфорта и dying two thousand three.

61: Jones live компании this blog is.

62: To the paper that have interesting the detail.

63: I hope you're interested in the details i find this x y for me i first i first this ok when i first i was going.

64: Анн vcation, виз май френд, джерми сиг Хун энд а family, who is professor оо the war, скул энд ви ай рози бок c my pool side?

65: I for i knew most but i still knew you were one know about real state security окей, ю невер, не so.

66: I hope and take that Спирин визин зе текство зетс и only work you have to поче оо the soul and the.

67: Its, its, its the main ворк ю хэв со айс а details on exam соу ю ноу итс нот ю ноу зе кайн оф минисил секьюритис ви хэв э.

68: General, the like lenny white, if you н. Ленгвидж из рили импорт н. Ю. The worlds.

69: Its like a big the world of finance and.

70: So i have another бок олсоу вич из экшели нот Дания бат ю can access to classes we to and later, i will come out that publish Бо бат айм воин.

71: Вот that will be be the same you done.

72: Il y a tail but at this moment the tale of my work is finance and the good society and i not be out i was hoping некст её but now i may take long.

73: So you have. Н и perfect i hope you excuse me, when you that is i just good?

74: Process for you do maybe you, if you have idea you can tell me in the букве из импорт?

75: Tu me, its a good way ride Бо и to be riding Бо n класс, a сейм тайм н, the same topic is more social ai no офиса ю на fine so it is mix, it more life.

76: To do the same time вот my work is about the good н. Some people like an аксион бикоз её in комппер пипл а angry.

77: This course we had the worst файненшл крайсис синс зе грейт депрешн оф the nineteen thirty and its burn world wide файненшл крайсис энд ит изнт верит нот ли that it's over and.

78: Angry people are angry about finance, пипл ху и to be getting rich экспенс оо other they убили гавермент ту гив зем Брек н and the.

79: Dollars more and wrong.

80: Im sure, сам мои хэппи i dont think that find a whole из он and i think that novel профешн соу ай Вон трай ту путет ИНН перспектив.

81: And its a спешли импортн Ван толкин, ту янг пипл лайк с because you and i want that to be more and purpose and i.

82: The перспектив соу зе сине i want to develop in my work is that you know we living капитал ворлд нау энд зис ворлд из из.

83: Increasingly билд он файненс, сам пипл Кола ви ливинг ин the era of financial capitalism ви хэв. This биг лайнел институн её он by huge numbers мейби, миллионер холдерс.

84: The word what makes the wall its the eye and in the world и discovery порно не when i go to фо кантри.

85: Так, i find that people with what country that generally вери интрестин файненс о they think that matter файненшл текникс, а part of whats making so many places in the world Гроу.

86: R. Right now we living in time in history, then девелопинг ворлд из эксплодинг из рос, and this country that are doing the country that датинг фан со i want is to be.

87: What is to go right? Хай вот из to by developing a good society by good society, Амин и dust and fur сосайти ла пипл ту девелопе та and экспертиз.

88: Sea.

89: Но а i had this.

90: I feel that find me give you слайд.

91: Life and career i won the copper, are put down департмент и окей, и Путин перспектив ай вондер, да in fine with jobs in other.

92: Feels so this is a i констракт дюзинг да, from the bureau of Лейбер статистикс энд вот has is the number of people in вериас окьюпэйшен ин ту фаузенд эйт энд зе.

93: Projections фо зе сейм ин ту фаузенд и so that red bar is for toby, just so if you look at financial.

94: In united state there are three hundred thousand файненшл менеджерс и other have 1000000 персонал файненшл эдвайзерс оо 1000000 а that the people who спешл айс Италии ИНН.

95: One форма файнана, а company about twenty thousand words профессор джаст н. Но very many н.

96: I love, i never know we have to do and you but.

97: There many jobs астрономии социолоджи политикал сайнтс джаст, но many jazz i like Ван Фил дан.

98: The number массаж на alive, so this, this is the people face.

99: The college, university and i, the very much i my mine, you go, university, девелоп, спешл, скиллс энд ю, дайвинг, такси и ivan become when i don't.

100: But i wanna be then and it seems to me that i can be relevant in talking about funny and so thats thats the basic корзе.

101: Ivan.

102: Со.

103: One?

104: Man before the people think the finance из feel for people who wanna get reach окей, а make money ha i think thats right экшели.

105: I dont advise you to take that as a one talk about little so Ван ю ноу форбс, магазин райт хэз эннио лест оф the four hundred ричес пипл ин америка.

106: Sorry, i won't look the last you may think that who makes love of money футбол плеера.

107: Baseball players and movie stars, white, the love of money, so how you think the fourth four hundred the riches пипл ин америка.

108: The last i d c e, single, movie star single, а define опера винфри из on the last окей ю и не entertainment.

109: Shirin, биг бизнес и и internet she knows и the нет YouTube организе.

110: The dent and raising capital to make н биг ю ноу ноу из пауэрфулл и guns for н.

111: I look down, н ай ди спат, э сингл, но belle прайс, вне, окей, фо мейби, ай мест, Ван, ай, лук, фо бест, Селин, оффер, айфан, Ван бил, гейтс хэд.

112: Not many бестселлер Ивер вот they have ка на about just they just made some money and.

113: Вот Зейдин сам line of business that make test and making the Путина компании.

114: Company and powerful эбаут ту ду the and i think that its good few to understand that and so thats.

115: Other way for has a never last call the forbes селебрити Ван хандрид энд ту билет you have to be salty that completely different last лес и only one.

116: Стивен спилберг из hi make moves his хо компании dream he бизнес персон из дон.

117: Bad to me its about making and about to die in people вас to do and getting кэпитал ген соринки.

118: And so thats what this course is about оо джерри сайнфелд из листе бай форбс эс s to make the и but only one to make the least the forbes.

119: People.

120: Doing so much to do and

121: I think for many people you do to get and you have to have ей лист 1000000 долларс ю хэв н он портфолио.

122: Thousand million dollars that the минимум ту мейк зелест оо на do this 1000000 ю ду виз ю куд бай ю куда спорт.

123: And so what i have not so, what do money and some people who do the who make all this money.

124: Try to see eyes to the world and so you just the.

125: The country by elon time what you do people who do that and i in the history of disgust фо зе пипл?

126: Long history, we dont like people who do that and you know its almost like its a big стейк вай вуд ю дду z, then people dont like people who show the when that people.

127: Feel the way in many different countries and cultures. Бикоз, lots of countries in history have called Сашу вери Гоз, бэк листу, севен хандред биси, ИНН, nn, грис виз и lauren код и

128: People from она and so many different countries its.

129: Of your life so one the sims in the beginning of all is i have i think, i meant for today эраунд.

130: World in about this problem that you can get so big and powerful, if you will the business and you use the financial текникс зетта сексес.

131: People but its meaning us because you are you as you away, and so what else can you do this all this well, but план тугеве?

132: I have beginning is the set of the бок из the госпол оф ввёл n e bay эндрю.

133: Магазин hold all in eighteen и nine and in the final пирограф хи юз зе тем, госпол офф and it was пик апп оо the world as just.

134: And so, if i came нейм её Кокка нет, i have sign and эндрю карнеги.

135: Man in america to his карнеги стил компании вери матч стип ИНН файненс бат вен хи хи decided when he his essay госпо вёл in eighteen и nine the.

136: One person reaches ей like fifty fifty five and with me лат оф мани зей рили хэв ту гоу in the philanthropy the more императив со the theme of.

137: War вас you know some people i just better call over and other peoples business сам пипл хэв н f how мейкинг happen this people have a moral obligations ворк фо зе.

138: Of humans can, and they have to the still young, they have to give that they have to take the fortune, and give it away before they die, because, if they don't.

139: Its нас. If you make millions, dollars and u two children, not like you that not be interested воркинг скандер.

140: And so thats what the moral obligation you have to stop a age лет сей фифти файв окей ю стил, гат тайм лет and н ю сейм оо вот и.

141: Из эфирии сам пипл, а just more practical and working and business and these people can find things to do i and they should do it.

142: Natural selection, марисс из канги нот индорин у to the gospel, а its not exactly not exactly through, but of truth is right.

143: People like карнеги из very gifted ферст н. Вот и the канги институтов технолоджи, н. Канги, мелон юниверсити и канги, н. Дамон, фо ворлд, пис, канеги, холл, н.

144: And you see my.

145: And he also gave the money for the first for the price for the first crew кино и кафе и away and.

146: I have интрестинг ай не thomas edison the inventor, this so impressed with книги, госпел эдисон виз девелопинг зе саунд муви найти, найти.

147: Fourteen a perfect, but, he said, the first sound муви джинс из ever time, so he made a sound муви оф канеги и from his golf ли.

148: Lost мейби и work we only have the soundtrack from the movie so, you can listen to и from the Бо ин найтин фортин энд итс и only рекординг оф карнеги войс.

149: The fortune forbes фо хандрид хэв да тем pain to get people миллионер around the world to connect to gave most of the the way we live and.

150: Im get this people to speak to а класс.

151: But i also have н web site review from эйти, найти of канги с original a. From california news paper and they were so negative.

152: They said карнеги синк мейкинг в and giving away the noble cause this chat пасибл би райт зис пипл, а not to make money are not the most инлайт смарт пипл.

153: World so i think that the truth live somewhere between bad we do have a society now, we people we have an increasing концентрейшн оф world of the top and.

154: I dont know do about и think about i don't.

155: And you are gonna be this, because you go feel you find that its н у ю хоп.

156: Thats right then feel become known for having love сел пипл and more young people going they swap the feel i and i think always be true that just because of the power of the technology.

157: The tap with people in the world will be файнанс рилейтед энд ай синк зет зей Вил хэв, мол, obligation to give this way to give the inactive, продактив вей.

158: So а.

159: Ай ай ай хэв Севе аутсайд, спикерс энд ай ай трай брин и people that are connected to the world and i и инспер фор ю эс аутсайд спикерс.

160: And the people who are in finance, бат ху, а not selfish and that maybe её, but there good people so the first person then im being and н. Привьюс из из Дэвид свенсон.

161: Who is head of the chef инвестмент офисе фо её юниверсити свенссон олсоу тич и a curse экономикс фо фифти виз дин так хаши вич и my Вон тейк?

162: But i have i have just for Ван леккер энд, вот свенссон из дан, из and damned, and to the number he came to ninety five and.

163: I had лестен Ван 1000000 долларс ин итс дама свенссон из the most сексесфактор оф the united states he turned лестен Ван 1000000.

164: In the twenty two point nine million dollars in two thousand eight, the financial crisis, hit and damon фелл бат с of june of two thousand ten we still сикстин поинт севен 1000000 соу.

165: You know his dont so much to make секс a z a love of money and its over Гудко н. I say i a good person.

166: I think he turn down opportunity to make much more and wall street he is н континен даун Хиз ноу инвестмент джиниус хи кэн коменд энд бонус if you Ван.

167: Stay here this year, i dont think that people in finance, мани, и example, someone who is not the second спикер ай хэв из морис хэнк Гринберг.

168: Who founded a i j it at this in найти сиксти ту окей, найти сиксти ту хи воз мейк Путин чардж оно американ оперейшенс оф зе.

169: American international group and интернет компании вот this then фейлин, зе хед оф зе компании cv стар.

170: Turn компании эраунд и here turn over many a sea of j in to the бигасс, не компании in word, and he её enter two thousand five.

171: The company, you mean н. Кросс проблему.

172: Recordings belle and some people are angry with green, but i think its completely because it happened after he left and the problems in particle виде.

173: Here with not really responsible for bad Гринберг из a person who has i think a purpose the i want to и for you here any wonder бизнес.

174: Key is going to be криса фо биин, ту та, for two words, тайм бат Хиз из is very вал персон и his the wiser.

175: For the console for релейшенс витч из и things about the united states and place in the world итс вери импортент синкай из also мейджер форпост энд хис гивен ту, но hi gays.

176: Центр вот из принести сент фо globalization, бьютифул нью билдинг.

177: So he is great to come. Please to have him the third аутсайд спикер её i have now is Лора ча ху из и she wont be person have.

178: The screen is she is in н and she is there an official мембер оф зе экзеки и can of н из и member of the government of the people.

179: Public of china это vice министериал Ренк ши, the first non чайнис деле to the national people конгресс он and has ben wise че оф the china securities регулятором.

180: So she is very инвалд ин фан ши ши эту апп.

181: I may get Ван ту the speakers, but thats what turns right now so i won also to tell you about тичинг системс.

182: We have for teaching system now we may another to the first из ulver bann ху из from germany юниверсити оф бан n is a phd in economics.

183: He's so i had tear нет, coordinate the whole operation, and then we have the second one is илан фолом.

184: United states and his doing interesting start of the pizza delivery индустрии итс, а funny but its interesting апликейшен оф экономики вери матч the real world.

185: Big карман из from university in turkey and.

186: The application of солоджи социолоджи энд the social science to its about people really комплит.

187: People but your revolution in finance the last twenty twenty years ago нас the essential математика, дисциплин это me maybe i'm a eb.

188: Вот and since ten из people think of finance из involving сайколоджи ви хэв ту бринг пипл виз налед оф юман бис энд энд соу dissertation.

189: Fan компании the investment ту the general public she that the fan компании хэв complicated, the оо дирен choices, people and

190: Water line which take that doing.

191: Whats going н and she sometimes like н and.

192: Managers are doing sammy maybe we dont want not id put by french in the offering продактс оф пипл.

193: Said that always not well in the financial world of н офис бат ю ноу нот сошли контраст, фингс, ви нид реглет.

194: Reason why н i won to have a voice from a i прима вери импортент фанкшн на совок.

195: Регулятор сайд оф фан н файли Фотин систем из bin ли from bed he went.

196: University college london, and he has broad интересно by teaching system.

197: So.

198: Twenty лекерс займ гевин ин ин. Зис корс зет зис из the first and see me just go through вот вот the content of this.

199: So лёкше тут this week i want to talk about кор, концепт оф риск, and also about financial crisis.

200: Talk about the financial crisis айс у неё very much that be more секшен.

201: Концепт ли and your concept of independent риск и риск индепендент ю кэн Вера в and you can put together, портфолио минимайз, её риск the love.

202: Number if you love and риск a if you have a number of these different риск ИНН портфолио энд and no риск латте депендент Батин риск.

203: Dependent эс. And that one why we have a crisis so love of people making plans портфолио и fire at the plan сумм зетта крайсис зет мейби.

204: With the fell off the independence сашин ИНН. ИНН файненс не crisis that we burn with any mess н ту эназер.

205: Depression, the financial crisis, биг найти и nine толк эбаут лёкше, а this stock market крэш оф найнтиин твенти Найн энд the economy спайр даун.

206: Nineteen, thirty, three it just к was and worth more more errors more more лес со бай найтин фоти фри твенти файв процент оф the us папулей воз аплойд.

207: And was just us with all the world и with chorale crisis, and we didnt get over the crisis and tell ворлд во ту, its like we could get out feat the crisis гет соу бэд зэт.

208: Nobody in the world figure вот to do and i think that we have word to because of the н Масис коз бай зис масала, а we got because world to.

209: Europa its её and so this time we the beginning of симуле прайсе.

210: We so fresh in the stock market in the real state маркет ви со бэнко пиринг, ви со ронан бэнкс энд зис тайм зе гавермент decided on.

211: And so ben bennett and мервин кинг n other central, and then ли с round the world have the idea that we can learn the same way this time so that this massive.

212: They seem to be a too many people interesting story ill.

213: To match, in the course because im hof или self, and we can put биханс энд the financial crisis до calling the question, the basic principles of finance not in my mind.

214: The to crash ви си файненшл маркетс из like the same thing that to crash of planes плей крэш, а time you must н н ю гет Ван бат и we should have.

215: I think it the finance, файненшл систем из advancing the world, such и such speed and such men that this crisis is just a scene i think.

216: Worry too much about the third леккер из about technology and invention in finance файненс из a technology, джаст лайк инженеринг. Mechanical.

217: Инженеринг ит хэз принципл ит хэз текникс энд инво inventing оф details the financial institutions are complicated the same вай мобил оо плейнс оо клир пауэр.

218: You can see this complexity иф ю, риадент, виза корпорейшн, её and and the way that cash 2 different people.

219: Financial, instruments, а technology, and this technology is dancing, and will vance лат оо the time of career, i dont have to predict the future with any.

220: I try to think about what we can say about the future, i оо walking to thousand three код new файненшл ордер, n my take on the future, but the problem is nobody really knows the future, where and?

221: Its impossible to you can have to just invented дрим эбаут в might be like i die about принцип of syrian the glow of information, technology and the.

222: Globalization of the world so i have just for the section of the course than лёкше фор из about портфолио diversification, ха риск, спред.

223: Прессинг мат из математика фири оф diversification вери импортент серии n. T, jan, jan капли в cover with more Ригер, ИНН и can to fifty Ван.

224: Bad for me i talk briefly about the capital in sisters секшен, Баталин ауторс, эбаут зе риал ворлд, ай синк эбаут.

225: Institutions and so many other institutions are offering diversification Ван ве з and so i talk about real world компании the feat лёкше из about инше.

226: And the intern индустрии девелоп овер зе сент и rome only minimally пипл d have the concepts анте.

227: Sixteen hundred when конце компании, а вот

228: При девелоп-ка и lies, and i think that иншенс из экшели север и you one example u.

229: Set in the quake ИНН Хэди, оба его и 2man лос оф лайф бат зе квейк ИНН санфранциско.

230: All this of the same магнит n had very little lost of life, all the of suffer by people and of destruction of the home and office.

231: Lost девелоп кантри диднт хэв мач оф the modern инчес индастри со the people with коллапс стракту n u d have interns индустрии гоинг н and policing билдинг.

232: If the company is lie to the риск его we won н ю ю икс d saw many people die einen.

233: Caribbean не starting ви. Вонт си the developing world intense the reality we turn синк оф апории н.

234: Gave money to help the people on the people on streets money to.

235: Вот рили биком биг н импорт из the intern индастри, вот is doing the same as business matter and thats the real world and it's или the six лекчерсу.

236: Маркетс зис из about из develop in nineteen sixty the financial markets, а вандерли перфект скептика оф the truth.

237: Market серии из the idea that you really cant make money by трейдинг н файненшл, маркетс бикоз, зе маркетс, а so компети зет прайс из always push to an optimal левел зет корп.

238: All information that anyone could ever have about security and the three words its hopeless to invent and beat the market the man of the but its not.

239: And people like david свенссона а example, that it is possible for professionals мани менеджерс ту би зе маркет энд зет с i want to think about and.

240: Лёкше лёкше севен из about that market and its about we have love of money that land we fell резерв менеджес зис маркет.

241: That tries to трайс ту коверне и markets to open market оперейшенс энд ту на изи.

242: Е маркет хью and international the world as that people make love of people, get overly не make me styx и the bad that also offer аперти дет маркет.

243: Fundamental in we want to do live for example, when you money you want to buy house right, but you by life cycle when you have the money to buy house you so you be.

244: Take see today in many countries of the world that we develop good перспект.

245: Так, маркет, а не так. Маркет БИК.

246: To the people to get people working the stack инвест ю and н компании окей ха, you do that well the company money the start со.

247: So you have in the company сам you have no money, you time energy со ю e in the company to the people из т со ю скин.

248: To the company of stock and the стакинг опшен так, bad пере the purpose is to make some энтерпрайс.

249: And it really is импортент зет ви хэв ну if you dont have ли группа to do some work on the.

250: Not about н е nine эбаут и state and working for about state and i have my они.

251: My car keys ви хэв н хай хай так about what its really импортент фо зис крайсис за we just thing because the financial crisis из.

252: Substantial бай бабл ин home прайсе али сайколоджи-ка фо а price in united states and other countries that коллапс ран ту фаузенд сикс зис.

253: Restart the world, white more and the the the real market is very and still i believe and the right now the economy.

254: Маркет и so за.

255: So that малтипл эспен мани молтипа энд бэк регулейшн вич и something that is thirst топе.

256: We lost lost бэнкинг систем ви ви хэв код на на just к базе free from us what is the city and инвест базе?

257: Кантри корни n soul soul vs bank we hope the crisis лайк Ван ви джаст.

258: Tea is about forward and фьючерс маркет фьючерс маркетс, фовард маркетс, маркетс фо тракт деливер ин зе фьючер овер зе кандёр контракт дан.

259: One and one between us we help фо фьючерс контракт, трейд, органайз, фьючерс, Эссен лайк, зе Чикаго, эксчейндж.

260: I have some this is because we work with the chicago эксчейнж у фьючерс маркет о single family, homes, юзинг, зип кейна и in this and we have the market.

261: Low level in fourteen из about пшен маркетс и mally, так?

262: Так, и price the ocean they have a price and down, this is an example of the draw контракт.

263: Лёше сикстин фифтин из about монитор полис с about централ банк the world for example, a central bank all the reserve ИНН юнайтед стейтс энд итс эбаут вот they do and.

264: I like jost сикстис, ви плейс гуд, да.

265: Companies like голдман сакс, то this help me help компанис рейс, капитал и секьюрити та секьюритис.

266: Iman, да, fun we have a new just песни united states the structure for investment banking ей файненшл институн.

267: ПИН юнион и парламент н in new ia организейшен, её сама Резеда франк and other country с Алдан файненшл регулейшн реформ зет эффект инвестмент бэнкинг назер аспект.

268: Its extremely комплект a i gave u two men give you some of the revolution the seventeenth is about профешинал мани менеджерс лайк Дэвид свенсон пипл.

269: Менедж портфолио ю донт хэв ту би ту менедж портфолио на сам you maybe doing if you get the promise.

270: Right places and and also you know you think of institutional инвесторс биг мани менеджерс с just make money but feel you realize.

271: You are deciding, ю хэв э инвестор ю big сам компании the people and так and you get if you.

272: Company then you realise you tried of the public interest and to work it is about a year дилерских лайк, те. Ньюйорк.

273: The london the по round, the world just a few и go now a country has anything.

274: Тоник the have interesting new features like майкро секонд трейдинг, летс гоин н компьютерс трейдинг её компьютерс вот так about where this is going лёкше найтин из about паблик энд нан профит.

275: So i think this is very импортент на profit н. Организейшен, лайк, юниверсити лайк и the лёкше паблик файненс.

276: Finance in projects. So. For example, you take it forget that a city here new heaven has род. It has school. It has us. It has come к but the things have to be файненс.

277: And the city of new н бизнес, айс ю. Can go to city, and you can.

278: Product ю ноу ноу у неё.

279: Он and to doing организейшен файненшл, а but no hold no body, take home the money to sum and while my.

280: А into the из making money i dont want you to give.

281: Children and vice из из the more прое and the try to.

282: Спикер экзампл её the i think many people who are ли sexy really don't, а spending the money and sells.

283: About what the people like this day and if you time.

284: To do that good things for the world and i think that that i think many if you will do the thing about the purpose, зет ю файнд ин ИНН.

285: ИНН инфа.