Hi, dear all, as I have said terminology really kills understanding, the abstract words are only for communication, but sadly, it can not help us understand the thing itself, so can we turn them into funny things, like pictures?
Net Present Value
Internal Rate of Return
Accounting Rate of Return
Capital Asset Pricing Model
Weighted Average Cost of Capital
Efficient Market Hypothesis
Foreign Direct Investment
the payback period
the discounted payback period
the net present value
cost of capital
short-term/long term interest rate
momentum and reversal anomalies
Any suggestion or ideas on these abstract/ boring words, can it be possible to make fun.
You are making this difficult for yourself.
If you find this jargon boring, than you are building hurdles you need to climb over.
Start to look upon these things as exciting and learning this will become a lot easier.
“Cost” reminds me of a store in the US called Costco. Another image could be “costume”.
First, I would memorize the list of terms in order. Then I’d go back and read the definitions for each concept and add extra images to each location if necessary. Some of the info will just naturally stick in your memory by that point.
Net Present Value — Spider Man costume wrapping a Present
Internal Rate of Return — Heart Beating sending a Boomerang
Accounting Rate of Return ---- Calculator with digits as Rats and Boomerangs
Capital Asset Pricing Model ---- a big Cap with , Ass drawed on the front, on the head of a Prince (maybe Shrek lol) posing as a Top Model
Weighted Average Cost of Capital ---- Weight lifter in (ave)Rage, holding a train ticket very Costly to the Capital
Efficient Market Hypothesis ---- Elephant driving a Shopping Cart inside is a Hippo (somehow the sound of efficient reminds me elephant)
Foreign Direct Investment ---- Alien (foreign) holding a Direction post wearing a life (in)vest
the payback period ---- Mel Gibson (Payback movie) in pain because he has the Period
the discounted payback period ---- the above but also holding a Discount voucher
cost of capital ---- Kevin Costner holding a lot of bags with money
variable cost ---- big X tattoed in the back of Kevin Costner
fixed cost ---- a Nail in each corner of a dollar bill
short-term/long term interest rate ---- a girl using Shorts with unusual Long legs getting the Attention of a lot of small guys like Rats
momentum and reversal anomalies — a Mum Rehearsing and singing very Abnormally
This is a very interesting topic. I’ve been thinking a lot about learning styles lately, because a few recent conversations have made me think that the way people learn can be very different.
I think I see what you’re saying – if someone doesn’t understand the definitions of a few words in the middle of an explanation, understanding of the whole concept can fall apart. This happens to me sometimes. Or maybe a certain word doesn’t convey the right meaning that leads to understanding.
I also think that having specific words helps me understand things more easily, but maybe not everyone is like this.
There are some educational situations where I can pick up things very quickly, and other situations where I’m especially slow. If I have a list of categorized jargon, I can usually pick up things right away. I like things that involve a lot of very precise, complex words like programming computers and studying foreign language grammar. Maybe I gravitate towards those kinds of topics because they fit with the way my brain works more than other things.
I wonder if using a lot of complex jargon depends on a person’s learning style. I don’t know much about various learning styles, but would like to learn more.
I wonder if this might be different for different people.
I think that my brain tends to like complex jargon, abbreviations, and symbols. I’ve done a couple of memorization experiments where I memorize a list of unfamiliar terms and then go back and learn what they mean. I find that it works very well for me.
Maybe some people are word- or symbol-oriented and other people have different learning styles?
Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. work in progress is considered as a current asset on the balance sheet. consolidate financial statement
How to turn the meaning into pictures
When I try to find an image, especially to abstract things, I play with the words in my mind for a while, find similar words, change some letters, adding and removing things, until I find something useful.
In my case, I know I have found something useful when my imagination shows me something and I laugh, then I know I got it.
And I try to do as Bateman says: “Try memorizing the key idea of each sentence, along with some key words.”