The phrase, Baptism of Fire, owes its origin to the Bible. However, in the world of finance, Baptism of Fire has a particular meaning. The phrase connotes a difficult situation through which a company or an individual may be passing. Once the difficult phase is over, that particular company or individual may have survived might have succumbed to the difficult circumstances. Such a Baptism of Fire may make an individual or a company weaker or stronger.
There are many instances when persons and individuals have learnt the art of managing money, investing and several such things by Baptism of Fire.