There are lots of things I know nothing at all about. It annoys me not to understand a subject at all, because it often means I can’t follow a conversation that I care about. The list includes, just as a start: accounting, law, and politics.
Of those three, accounting seems like the easiest thing to tackle by far. This is partly because the space between what it’s theoretically supposed to be and how it’s practiced is smaller than with law or politics. Or maybe the kind of tricks accountants use seem closer to the kind of tricks I know about from being a quant, so that space seems easier to navigate for me personally.
Anyway, I might be wrong, but my impression is that my lack of understanding of accounting is mostly a language barrier, rather than a conceptual problem. There are expenses, and revenue, and lots of tax issues. There are categories. I’m working on the assumption that none of this stuff is exactly mathematical either, it’s all about knowing what things are called. And I don’t know any of it.
So I just signed up to learn at least some of it on a free Coursera course from the Wharton MBA Foundation Series. Here’s the introductory video, the professor seems super nerdy and goofy, which is a good start.
So in my copious free time I’ll be watching videos explaining the language of tax deferment and the like. Or at least that’s the fantasy – the thing about Coursera is that it’s free, so there’s not much incentive to keep up with the course. And the fact that all four Wharton 1st-year courses are being given away for free is proof of something, by the way – possibly that what you’re really paying for in business school is the connections you make while you’re there.