The Necessity of Finance: An Overview of the Science of Management of Wealth for an Individual, a Group, or an Organization - Softcover

Criniti IV, Dr. Anthony M.

Softcover

ISBN 10: 0988459507 ISBN 13: 9780988459502

Publisher: Criniti Publishing, 2013

Synopsis

The Necessity of Finance: An Overview of the Science of Management of Wealth for an Individual, a Group, or an Organization provides a comprehensive, concise orientation for those seeking an understandable presentation of the complex nature of finance. Using everyday terms and readily grasped concepts, Dr. Anthony M. Criniti IV, a former financial consultant and current university-level finance professor, sets out to detail the necessity of finance; to clarify the definition, purpose, and goals of both finance and economics; to explore financial concepts in a straightforward manner; and to stimulate interest and understanding that will lead to ongoing investigation.Finance, although highly interrelated with many subjects, is a separate field of study often confused with other areas, most notably economics. With world wealth accumulating to its highest point in history, the necessity to understand this subject on its own terms is crucial. The Necessity of Finance highlights the need to engage with finance as a separate science, clears up the confusion with related subjects, and coins the word "financialists" to identify the scientists in this dynamic field.Equipping the beginner to intermediate level financial student with vital information and a clear approach for continued study, its unique perspective will also be of value to the advanced student and the practitioner. Topics include: What is the difference between money and wealth? What is risk and return? What kinds of investments exist? What are the different techniques for selecting investments? What role does ethics play in finance?While The Necessity of Finance does not replace required textbooks, it is an indispensible supplemental learning tool that may clarify expectations of future financial journeys, whether in a university or in the marketplace. In this extremely useful overview, Dr. Criniti demonstrates that finance is a very promising science that will benefit those who commit themselves to its study and practice.

About this title

About the Author

Dr. Anthony M. Criniti IV (also known as "Dr. Finance") is known as a major disruptor in the science of finance, revolutionizing the field's entire academic foundation. He holds a PhD in applied management and decision sciences, with a concentration in finance, from Walden University. He earned his BBA at The George Washington University with a concentration in international business. He earned a master of science in financial services from The American College, where he also obtained prominent financial designations, including Chartered Financial Consultant (CHFC), Chartered Life Underwriter (CLU), Registered Executive Benefit Consultant (REBC), and Registered Health Underwriter(RHU).

Dr. Criniti holds Pennsylvania licenses in fixed annuities, life and health insurance, and real estate. His various professional experiences include work as an investment and a retirement specialist for The Vanguard Group, as a financial planner for several hundred clients, and as a real estate developer.

A native of Philadelphia, Dr. Criniti is a professor at several universities, an active investor in various marketplaces, an explorer, a financialist, a survivalist, and has traveled around the world studying various aspects of finance. He is the author of three acclaimed finance books: The Necessity of Finance (2013), The Most Important Lessons in Economics and Finance (2014), and The Survival of the Richest (2016).

From the Back Cover

The Necessity of Finance: An Overview of the Science of Management of Wealth for an Individual, a Group, or an Organization provides a comprehensive, concise orientation for those seeking an understandable presentation of the complex nature of finance. Using everyday terms and readily grasped concepts, Dr. Anthony M. Criniti IV details the necessity of finance; clarifies the definition, purpose, and goals of finance and economics; explores key financial concepts; and stimulates interest and understanding.

With world wealth accumulating to its highest point in history, The Necessity of Finance highlights the need to engage with finance as a separate science, clears up the confusion with related subjects, and coins the word "financialists" to identify scientists in this dynamic field.

Topics addressed include:

• What is the difference between money and wealth?
• What is risk and return?
• What kinds of investments exist?
• What role does ethics play in finance?

This indispensible, valuable supplemental learning tool will clarify expectations of future financial journeys, whether in a university or in the marketplace.

Reviews

A basic text about financial concepts that strives to elevate finance to the status of a science. Ever since the 2008 recession, the financial world has achieved prominence, if not notoriety. Many casual observers have become more aware of the general financial health of the country, but they may be largely ignorant of relevant financial concepts. Criniti, a professor of finance, investor and former financial consultant, offers a primer written with uncluttered clarity which explains in simple language the difference between finance and economics. He also defines terms such as “financial manager,” “financier,” “financial statements,” “financial planning,” and “risk and return.” For example, investing, writes Criniti, “is the act of currently owning any asset, tangible or intangible, that is not associated with playing any perceived ongoing game of chance and is intended to maximize wealth based on acceptable levels of time and risk.” The author also addresses aspects of finance that other authors tend to overlook; for instance, Criniti points to “a high correlation between finance and health.” Referring to America’s health insurance challenge, he writes that “under the current American healthcare system, the wealthier you are the healthier you could be.” In another chapter, “Finance and the Environment,” Criniti postulates that “[e]nvironmental goals can only be accomplished when more wealth is directed toward them.” Throughout the book, Criniti lobbies for finance to be accepted as a full-fledged science, separate and apart from economics. He even wonders, “Where is the real Nobel Prize in finance? It doesn’t exist unless you call it financial economics.” A well-crafted work for general readers that could serve as a basic textbook on the fundamentals of finance. Kirkus Indie, Kirkus Media LLC

Edition details

• Publisher: Criniti Publishing
• Publication date: 2013
• Language: English
• ISBN 10: 0988459507
• ISBN 13: 9780988459502
• Binding: Paperback
• Number of pages: 218