... to the Guideline for the Conduct of Food Safety Assessment of Foods Derived from Recombinant-DNA Plants (CAC/GL 45-2003), the Guideline for the Conduct of Food Safety Assessment of Foods Produced ... recognised that there are other applications of product tracing These applications should be consistent with the provisions of the SPS and TBT Agreements The application of product tracing to the areas ... knowledge and other information relevant to risk analysis 30 Recognizing the rapid pace of development in the field of biotechnology, the approach to safety assessments of foods derived from modern...
Ngày tải lên: 13/03/2014, 21:56
... worth the effort to understand it The horizontal (bottom) axis plots the number of years each market has been in existence Almost all of the nations on the right half of the graph the ones with the ... A History of Interest Rates.) The tradeoff between the variability of bill payouts and the interestrate risk of consols reverses during the twentieth century With the abandonment of the gold standard ... least of his troubles The lesson here for the modern investor is obvious Before the tragic events of September 11, 2001, many investors were encouraged by 16 The Four Pillars of Investing the apparent...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_3 potx
... DR The total present value of the mine—in effect, its “true value”—is the sum of all of the future dividends, discounted to the present This is the sum at the bottom of the table: $8,225 The ... rate of inflation: The higher the rate of inflation, the less value in terms of real spending power you can expect to receive in the future 46 The Four Pillars of Investing • The “impatience” of ... clarity 43 44 The Four Pillars of Investing Bluntly stated, an understanding of the DDM is what separates the amateur investor from the professional; most often, small investors haven’t the foggiest...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_4 pdf
... subtracted The thick vertical black line in the middle of the graph represents the market performance The bars on the left represent the number of funds underperforming the market, and the bars on the ... past performance For each five-year period, they select the 30 best-performing domestic mutual funds They then follow the performance of these best performers forward I’ve displayed their data in ... evidence of skill at the top of the heap, but at the bottom of the heap, the strong suggestion that some managers possess a special ineptitude And it goes downhill from there All of the mutual...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_5 docx
... with the sinking of the submarine Scorpion No one had a precise idea of where the sub was lost, and the best estimates of its position from dozens of experts were scattered over thousands of square ... miles of seabed But when their estimates were averaged together, its position was pinpointed to within 220 yards In other words, the market’s estimate of the proper price of a stock, or of the ... PIMCO, or Goldman Sachs It’s like a game of tennis in which the players on the other side of the net are invisible The bad news is that most of the time, it’s the Williams sisters It never ceases...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_6 pot
... perspective of the person at the pump handle the innovator and the wealthy firstadopter the water is clearly coming in spurts But to the person at the 132 The Four Pillars of Investing end of the pipe the ... rebalancing means, let’s look at the two-year period from 1985 to 1986 The overall return of the S&P 500 for those years was quite high— 57%—but the return of the EAFE was off the charts—166%! Had you ... little of this was the result of technological innovation, but rather to “catch up” to the level of the rest of the world Even today, labor productivity in Japan is far below that of the United...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_7 doc
... On the other hand, the societal benefit of the railroads was immeasurable, allowing the settling and growth of the breadth of the continent The financial rewards from the railroads went to the ... demonstration of the basic rule of technology investing: it is the users, and not the makers, who profit most Queen Victoria and Her Subjects Get Taken for a Ride The reason why the invention of the marine ... exclusively the province of the rich Only they could afford the exorbitant fares of the coach companies, or if truly wealthy, their own coach-and-six And even then, the poor quality of the roads and public...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_8 ppt
... where the market separates the winners from the losers Serious investors the math; amateurs listen to stories Here’s the math, that most forgot to do: In the free market system, the life of even the ... error that investors make is the assumption that the immediate past is predictive of the long-term future Take a look at the data from the table at the beginning of the chapter and note that in ... think that you’re smarter and faster than all of them? On top of that, there are tens of thousands of professional investors using the kind of software, hardware, data, technical support, and...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_9 pdf
... for the tech collapse of 2000 The story of Select Technology is emblematic of the nature of fund flows First, they are most often contrary indicators—funds in high-performing sectors of the market ... dependent on the good will of the company If analysts are too critical of the companies they are covering, that vital information the lifeblood of their craft—could dry up in a heartbeat So the recommendations ... to transform the financial landscape in the 1920s The excesses and imperfections of this early period were ironed out by the Investment Company Act of 1940, resulting in the creation of the relatively...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_10 doc
... peer-reviewed literature—Journal of Finance, Journal of Portfolio Management, and the like On the other hand, the folks at the top of the greasy pole the regular columnists for the major national periodicals—are ... guidance, then to whom does the intelligent investor turn for information? The real epiphany of the markets is: the market itself is the best advisor The reason is blindingly simple When you buy the ... old—sometimes very old For example, if forced to make the choice, I would trade all of the financial research done in the last decade for the contents of Fisher’s The Theory of Interest, which was written...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_12 doc
... calls for a total of 13.2% foreign equity (the sum of the four international funds) and 6% REITs So, of the second $5,000 added, only $1,500 will go into the Total International Fund The other ... within the sheltered (retirement) part of the portfolio she chooses On the other hand, if she invests all of the money in stocks, then she will be able to invest only the tax-sheltered 10% of it ... dealt? There are the obvious questions of how much you will have and what your needs will be (and even more importantly, the ratio of the former to the latter), but in terms of portfolio design, the...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_13 potx
... most of what these poor folks traded, and my guess is that many of them had recently been on the phone to Momma inquiring about the availability of their old room On the other hand, if only 2% of ... 1.0741 Therefore, the unrebalanced return is 7.41% The calculation of the unrebalanced return is the source of not a little mischief Many mistakenly calculate it as the weighted average of the annualized ... periods of one year or less, the reverse seems to be true the best performers tend to persist, as the worst Thus, you should not rebalance too often The most extreme example of the advantage of waiting...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_14 docx
... the salutary results that they have in the past 319 320 2010 Postscript What, then, have we learned since 2002? For the most part, the recent turmoil has reinforced the themes emphasized in this ... almost completely wiped out the previous fifteen years’ worth of stellar performance From the beginning of his tenure as manager in 1991 to the end of 2008, he beat the S&P 500 by only a small ... exist, then the atheist roasts eternally in Hell The rational person thus chooses to believe in Him The financial markets work the same way, and the canyons of Wall Street are littered with the...
Ngày tải lên: 20/06/2014, 20:20
Báo cáo y học: "Foundation for the Community Control of Hereditary Diseases, Budapest, Hungary"
... represent a single pathological entity and therefore there is no single strategy for their prevention Conflict of interest The author has declared that no conflict of interest exists References Czeizel ... prevention Recently the WHO and other international bodies have excluded this approach from the term “prevention” In Hungary about 20% of major congenital abnormalities (8.7% in the total group) ... birth In Hungary 25.2% of congenital abnormalities were prevented by these methods Previously the selective abortion, i.e termination of pregnancy after the prenatal diagnosis of severe fetal defects...
Ngày tải lên: 02/11/2012, 11:12
Designing & evaluating an English reading test for the non-majors of Civil Engineering at Haiphong private university
... able The formula of item discrimination is: D = CU − CL N where CU: the number of the correct answers of the upper half CL: the number of the correct answers of the lower half The scales for item ... the scope of the study, the aims of the study, the methods of the study and finally the design of the study *Part II includes three chapters: + Chapter one is the literature review in which the ... The mean is the sum of all the values in a distribution divided by the total number of values (50) The formula for the mean is: M = ∑f N x M= mean where: ∑= sum of (or add up) N= the number of...
Ngày tải lên: 07/11/2012, 14:12
For the new year of 2007
... I wish for you 365 days of Happiness 12 months of Fun 52 weeks of Success 8760 hours of Good Health 525600 minutes of Good Luck 3153600 seconds of Blessings ...
Ngày tải lên: 13/09/2013, 21:10
UNITED NATIONS CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS (1980)
... Interpretation of the Convention D Interpretation of the contract; usages E Form of the contract Part Two Formation of the contract Part Three Sale of goods A Obligations of the seller B Obligations of the ... either from the contract or from any dealings between, or from information disclosed by, the parties at any time before or at the conclusion of the contract (3) Neither the nationality of the ... paragraph for any lack of conformity of the goods if at the time of the conclusion of the contract the buyer knew or could not have been unaware of such lack of conformity Article 36 (1) The seller...
Ngày tải lên: 22/10/2013, 10:15
Tài liệu Cabling Standard - TIA 606 - Administration Standard for the Telecommunications Infrastructure of ppt
... records The information may be all of the information about the record, or it may be selected information The way in which the information is extracted will depend on its input into the cable ... Standard for the Telecom Infra of Com Bldgs Other Information Other Linkages Equipment Records PC120 the equipment the cable terminates at (desk top) Other Linked Records Linkages • are the connections ... contain the linkages to other elements of the telecommunications system The record will be contained in a database which may be searched and sorted according to the requirements of the users There...
Ngày tải lên: 10/12/2013, 02:15
Tài liệu Preparing the Western Cape for the Knowledge Economy of the 21st Century ppt
... Preparing the Western Cape for the Knowledge Economy of the 21st Century 3.1 The economy of the Western Cape is woven tightly into the global economy Almost two-thirds of the output of the private ... Cape, is therefore how to channel the forces of globalisation for the elimination of poverty and the empowerment of people to lead fulfilling lives A related challenge is posed by the rise of the ... prepare the people of the province for the knowledge economy of the 21st century; To contain the spread of HIV/AIDS and TB; To empower the poor people of our province through the provision of basic...
Ngày tải lên: 27/01/2014, 12:20