Two great ways to explain complicated things to people with no background in the subject: 1) Use analogies involving, say, taxis or airports and 2) draw pictures on a whiteboard with a big black marker. This is just one of the things we’ve learned from Paddy Hirsch, a senior producer at Marketplace. Marketplace is a public radio program on business and the economy from American Public Media. Paddy Hirsch is a charismatic Irishman who presents a series of short videos called Marketplace Whiteboard. These videos explain economic and financial terms to people who have never read The Financial Times, and they’re a fantastic and entertaining way to get some basic knowledge on what are – let’s admit it – important topics.
Hirsch presents each video using easily comprehensible terms and illustrates each point with amateur drawings on his trusty whiteboard. Topics have included “Assets – what are they anyway?”, “What’s an IPO?”, “The role of a fiduciary”, “Why does the EU want U.S. dollars?” and “Haircut: More dangerous than it sounds”. This is truly smart learning for dummies. Thanks to Paddy’s clear and concise explanations, you’ll come away with an increased understanding of terms you probably see and hear every day. And, because the videos are all under ten minutes, it’s an easy way to learn.
Screenshot captured from www.marketplace.org