1. Brainstorm with your classmates about theexpressions relating to investing, such as you gottapay to play; you gotta play to win; no pain, no gain; it takes money to make money; and so on. What does each of these expressions really mean? How do they relate to the concepts of investment risk and return on investment? In what ways are risks and returns in a reciprocal relationship?

2. What is the meaning of the expressions dont count your chickens before they hatch and dont put all your eggs in one basket? How do these expressions relate to the challenge of reducing exposure to investment risks and building a high-performance investment portfolio?

3. About how many stock exchanges exist in the world? Which geographic region has the greatest number of exchanges? What characteristics do all the exchanges share?

4. Do you favor an active or a passive investment management strategy? Why? Identify all the pros and cons of these investment strategies and debate them with classmates. What factors favor an active approach? What factors favor a passive approach? Which strategy might prove more beneficial for first-time investors?