How Markets Set a Price
How buyers and sellers arrive at a price nobody chose, what makes prices move, and how the same idea runs the stock, bond, commodity and currency markets. Then one oil shock traced through all of them at once.
Bonds
What Anything Is Worth
One recipe prices everything: list the money it will bring, discount it to today, add it up. Worked through a bond, Sam’s tutoring center, land, a skill, a stock and a startup, and then why all of them move together when interest rates change.