Quick other one: To parse infix expressions, every time you see "x·y | (z | w)", find the operator of least binding power: In my example, I've given "|" less binding power than "·". Anyway, this visually breaks the expression into two halves: "x·y" and "(z | w)". Recursively parse those two subexpressions. Essentially, that's it.
The symbols "·" and "|" don't mean anything - I've chosen them to be visually intuitive: The "|" is supposed to look like a physical divider. Also, bracketed expressions "(...)" or "{...}" should be parsed first.
Wikipedia mentions that a variant of this got used in FORTRAN I. You could also speed up my naive O(n^2) approach by using Cartesian trees, which you can build using something suspiciously resembling precedence climbing.
An even easier approach is to give all infix operators the same precedence and force the programmer to group subexpressions.