[fitech]

I think there is a desire among people to have a simple guide to what markets are and why they exist, so I applaud the author on the idea and the intent.

However, many of the ideas are misunderstood. A couple months of playing around with a stock trading app and maybe reading some blog posts will not teach you what markets are or why they exist.

For quite some time, a significant amount of brain power has gone into understanding and improving markets. All of this work has resulted in significant complexity.

If I had to pick a place to start, were I to teach someone "Everything they ever wanted to know about the stock market," It would actually be with bonds. Lending money has been around for millennia. It is an amazingly simple, yet incredibly useful, idea. It's also extremely useful as a way of teaching someone about equity. Bonds and equities are intricately linked in their development and in the theory of valuation.