Investment Banking - Long Beach, California, United States
The Art of Municipal Finance is an insightful marketplace chronicle that delivers a unique and refreshing blend of technical relevance, artistic flair and some timely wit – as opposed to the marketplace's predominant offerings of industry jargon, opaque legalese and abstract formulas. A pictorial "Municipal Finance for Dummies" with the occasional laugh might be a more apt description. With reverence to the time honored adage that "a picture is worth a thousand words", this blog takes a substantially right-brained path toward nirvana: a layperson's perspective on market news, views and intelligence.The capital markets habitually adhere to a predominantly left-brained orthodoxy, dogma and socialization. In light of the prevailing market wisdom, this blog reaches out to those market practitioners and interested parties who are jaded by the prevalent market intelligentsia…you know…people who once upon a time thought that…– the Bond Buyer actually reported the latest market news;– new bond issue document sessions were intellectually stimulating;– first derivatives were a nightmare – then came swaps, VRDOs and other derivatives;This blog's author, having spent the better part of two decades crunching numbers and discerning documents in numerous apparata of the municipal finance / structured financial products infrastructure, was the epitome of the left-brain dogma in vogue (without the intelligence, mind you). That is, until he came to the realization that no one else truly understood him – not even himself. Then he embarked upon his re-education program – a personal right-brain renaissance – with photography as the instrument of choice.While The Art of Municipal Finance is at heart the author's journal documenting his personal escape from left-brained perdition, he looks forward to you enjoying the ride.Q.E.D.