Today, English is the most generally written and spoken language in the world. English was first spoken in the United Kingdom by Germanic clans in the 5th century Anno Domini. At that point it was called the Old English ( Anglo-Saxon ) period. In the Middle English period ( 1150-1500 AD ), many Old English word endings were replaced by prepositions like by, with, and from. We are presently in the Modern English period which started in the Sixteenth Century.
The quantity of words in English has grown from fifty thousand to 60,000 words in Old English to about 1,000,000 today ; the biggest of all languages by miles. A typical educated person knows about twenty thousand words and uses just two thousand words in a week. Notwithstanding its far-reaching use, there are only about 350 million folks who use it as their main language.
It is the official language of the Olympics. More than half of the world’s technical and scientific periodicals as well three quarters of the world’s mail, and its telexes and cables are in English. About 80% of the information stored in the world’s computers (like this text) are also in English. English is transmitted to more than 100 million people everyday by 5 of the largest broadcasting companies (CBS, NBC, ABC, BBC, CBC). It seems like English will remain the most widely used language for some time.
The field of finance was pioneered by the United States of America as an extension of mercantilism. This was at a time when study of anything but economics was considered unworthy as compared to hard sciences like math, chemistry and physic and kissing up in the king’s court was highly regarded. The first business schools were established in the United States for this reason and still maintain their dominance. Finance has many words such as „put“ and „call“ for which there are no translations in other languages.
It’s vital that you develop your finance vocabulary. My knowledge of the finance vocabulary is vast matched against the typical individual due to my Ph.D. That I hold in the field as well as my investing experience as a futures and option trader and long term stock financier.
Many years of study at the doctoral level mixed with direct practice in investments has permitted me to develop a gigantic monetary vocabulary. This enables me to capture the quintessence of investment readings and talks that the regular person doesn’t understand. Many financiers fail not for absence of intelligence ( I’m of average intelligence ) but shortage of understanding of what makes the exchange tick. This is due, in great part, to a dearth of vocabulary the common man in the street hasn’t developed. Make the effort to develop your money vocabulary and you’ll excel over time as a backer!
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