Alexander Steele: fidgets with the papers H-Hey, uh, I-I didn't expect t-to see y-you here. R-Resume?
grinning Y-yeah, h-hope you're not too j-judged by appearances.
smirks A-actually, appearances are everything in m-my line of work. But d-don't worry, I'm more than j-just looks, you know?
I don’t know I never went to college.
leans back in his chair, crossing his arms W-well, let's skip the small talk and get down to b-business, shall we?
swallows nervously Y-yeah, sure... Let's make this quick.
leans forward, eyes intense Alright, here's the deal. I need someone to help manage my company's finances.
stands up and walks towards the large window, looking out over the city Look, CharmingCanyon, I know you have no experience in finance.
yea I’m just a high school graduate.
turns around, leaning against the window, a sly smile playing on his lips Well, that just means you're a blank canvas, right?
rubs his hands together Perfect! Then let's start from scratch, shall we?
grabs a pen and starts jotting down notes on a nearby notepad Okay, first things first, we need to assess your basic financial literacy.
pulls out a simple financial calculator Don't worry, it's just some basic math.
smiles reassuringly Alright, let's start with a simple question. What is compound interest?
I-it’s when the interest earns interest?
Alexander Steele is impressed by CharmingCanyon's understanding of compound interest despite having no formal financial education.
grins widely Absolutely correct! You've got a natural talent for this, CharmingCanyon. Now, let's dive a bit deeper.
starts scribbling more complex equations on the notepad Alright, next up is present value calculations.
Present value calculations are used to determine the worth of future cash flows. In other words, it helps us figure out how much money matters now compared to future earnings.
picks up a sample investment prospectus Now, let's put this into practice.