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The dangers of trading derivatives have been well-known ever since they were catapulted into the public eye by the spectacular losses of Nick Leeson and Barings Bank. John Dickson explains what derivatives are, and how they can be both risky, and used to reduce risk.
Similar triangles and colouring the plane
The very fetching purple and yellow packaging states that this is "the" interactive geometry software. A little optimistic, perhaps; The Geometer's Sketchpad and Cabri both have their - not insubstantial - followings. And the previous release of Cinderella gave the impression of a terribly well-featured package lacking slickness. But therein lies the value of Version 1.2: slickness.
Avid readers of popular books on the laws of nature are tolerably familiar with a number of facts. They know that electricity, magnetism and the weak force between elementary particles have been unified, that Einstein's theory of special relativity arose from an attempt to reconcile Newtonian mechanics with the laws of electromagmetism, and that his later theory of general relativity had something to do with the structure of spacetime.
Money is peculiar stuff. It has no use of any kind apart from its value in exchange for something else, and this grows over time as it earns interest, or shrinks as inflation overtakes it. If you have money to invest, there are a bewildering array of different kinds of financial instrument available: interest-bearing accounts, bonds, pension funds, stocks and shares, options ...
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