Dr. Robert Putz, a former math professor, now a financial analyst. He presented a short discussion of the workings of the financial center at Wall Street, as well as answered questions concerning students' desire to work in the field. The selling side involves both stocks and bonds.
Stocks are units of a corporation's equity, while bonds are a debt or a liability of a corporation.
Dr. Putz's view is that bonds are more sedate, but involve more money. The functioning of Wall Street is based on the sellers' interaction with the buyers. For example, a seller would inform a buyer that because the federal interest rates would rise, the buying of federal bonds would be a wise choice. Therefore, many transactions were based primarily on stories and speculation. There was a gradual desire by the buyers for a more systematic and sophisticated way of dealing with securities.