pillars of sharepoint ecm

... crew of the American ship that is lying here just now Rorlund: Oh, I would rather not speak of such offscourings of humanity as that But even in higher circles what is the case there? A spirit of ... great piles of linen garments and other articles of clothing, some half finished, and some merely cut out Farther back, at a small table on which two pots of flowers and a glass of sugared water ... that out of the question, you forget that one has certain obligations to perform towards the community of which one forms a part There must be some one here to hold aloft the banner of the Ideal....

Ngày tải lên: 06/11/2012, 14:12

... crew of the American ship that is lying here just now Rorlund: Oh, I would rather not speak of such offscourings of humanity as that But even in higher circles what is the case there? A spirit of ... great piles of linen garments and other articles of clothing, some half finished, and some merely cut out Farther back, at a small table on which two pots of flowers and a glass of sugared water ... that out of the question, you forget that one has certain obligations to perform towards the community of which one forms a part There must be some one here to hold aloft the banner of the Ideal....

Ngày tải lên: 07/11/2012, 09:09

... this lofty moral grandeur In the memory of men and the estimation of the world the man of integrity occupies a higher place than the man of genius Buckminster says, "The moral grandeur of an ... bogs of confusion His strict observance of the law of order enables him to reach his ends, swiftly and smoothly, without friction or loss of time The demands of system, in all departments of the ... simplification of the moral order in Prosperity Let us now consider the Temple itself, that we may know the might of its Pillars, the strength of its walls, the endurance of its roof, and the architectural...

Ngày tải lên: 18/02/2014, 12:20

... of bond pricing and rates through the centuries Bills, on the other hand, were simply pieces of paper of a certain face value, purchased at a discount For example, the Bank of England might offer ... Sylla, 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 ... events of September 11, 2001, many investors were encouraged by 16 The Four Pillars of Investing the apparent economic vigor and safety of the post-Cold War world And, yet, both the logic of the...

Ngày tải lên: 20/06/2014, 20:20

... 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 ... of value stocks is the equivalent of wearing a Nehru jacket over a pair of bell-bottom trousers 38 The Four Pillars of Investing The data on the performance of value and growth stocks run counter ... than 100 times earnings And, of course, almost all of the dot-coms went bankrupt without ever having had a cent of earnings At the end of the day, the Fisher DDM method of discounting interest streams...

Ngày tải lên: 20/06/2014, 20:20

... number of office buildings in the D.C area By law, WRE is required to pay out 90% of its earnings as income Because of this enforced payment of dividends, REITs currently yield an average of about ... matter that much But because of the 2% drag, instead of 50% of the chimps beating the market each year, only about 40% of them With the passage of time, however, the law of averages catches up with ... implications of the last scenario are profound What this says is that a young person saving for retirement should get down on his 62 The Four Pillars of Investing Figure 2-5 Effect of stock declines...

Ngày tải lên: 20/06/2014, 20:20

... 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 ... that, of the tens of thousands of money managers who have practiced their craft during the past few decades, only two showed indisputable evidence of skill—hardly a ringing endorsement of professional ... Four Pillars of Investing The combination of his performance and Fidelity’s marketing muscle resulted in a cash inflow the likes of which had never been seen before Beginning with assets of under...

Ngày tải lên: 20/06/2014, 20:20

... highlights the tradeoff between the benefits of diversification and the pain of tracking error The superior expected return and risk of a highly diversified portfolio come at the price of tracking error—the ... However, 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 ... financial backers of the technological process And last, the returns to technology’s investors are low 134 The Four Pillars of Investing Let’s get a bit of nomenclature out of the way When you...

Ngày tải lên: 20/06/2014, 20:20

... subsequent reevaluation of your risk tolerance and of Fritz’s chances of success will cause your estimation of the value of your share to fluctuate So it was not unusual that the shares of companies with ... price drop of 90%? Of course, there were plenty of individual stocks that were ridiculously overpriced, some the result of rampant speculation and others of outright fraud But the history of the ... component of the mix was added as millions of ordinary citizens, completely ignorant of the principles of asset valuation, were sucked into the market by the irresistible temptation of watching...

Ngày tải lên: 20/06/2014, 20:20

... 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 ... commercially available software programs capable of this, and they reside on the hard drives of hundreds of thousands of small and institutional investors, each and every one of whom is busily seeking ... state of nature, but not in the world of finance Consider the following: • In one study, 81% of new business owners thought that they had a good chance of succeeding, but that only 39% of their...

Ngày tải lên: 20/06/2014, 20:20

... 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 tend ... he was now faced with the impossible 208 The Four Pillars of Investing job of attempting to invest a mountain of cash rapidly in a small corner of the market, a setup for incurring huge market ... to be the leader of a failed, backward industry But more importantly, the rest of Wall Street continued to treat the client as it always had: not as an object of respect, worthy of the most effective...

Ngày tải lên: 20/06/2014, 20:20

... further behind because of the participants’ generalized lack of knowledge of three of the four pillars investment theory, history, and psychology Toss in the inevitable luck of the draw, and many ... regular output of unvarnished reality As we’ve already seen, Jane Bryant Quinn is one of these Scott Burns of the 222 The Four Pillars of Investing Dallas Morning News, Jonathan Clements of The Wall ... Almighty himself is incapable of assembling a portfolio of GMNAs capable of beating the GNMA market return by 0.80% Of 36 mortgage bond funds with ten-year track records as of April 2001, the Vanguard...

Ngày tải lên: 20/06/2014, 20:20

... 22.5% 25% 268 The Four Pillars of Investing Table 13-7 Allocating Stocks versus Bonds I can tolerate losing % of my portfolio in the course of earning higher returns: Percent of my portfolio invested ... maturity) for the non-Treasury part of your bond allocation—you’ll get off cheaper, plus you’ll have more control of your portfolio And again, you’ll need to be cognizant of the $10 Vanguard minimum ... be advantageous to consolidate all of your bond holdings in one of their bond index funds to avoid the fee for fund accounts of less than $10,000 What Kind of House Are You Building? This is...

Ngày tải lên: 20/06/2014, 20:20

... Jay R., “The Long Run Performance of Initial Public Offerings.” Journal of Finance, March, 1991 302 The Four Pillars of Investing Santayana, George, The Life of Reason Scribner’s, 1953 Siegel, ... turned a profit with this maneuver Had we not rebalanced, we simply would have gotten the 8.17% return of each asset But that’s not all Notice that instead of getting a return of Ϫ10% half of the ... model consisting of two risky assets; call them A and B In a given year, each asset is capable of having only two returns: a gain of 30% or a loss of 10%, each with a probability of 50% You can...

Ngày tải lên: 20/06/2014, 20:20

... We’ll discuss each of these in turn Eternal Truths Costs still matter, and the performance of active managers does not persist Duh The laws of arithmetic continue to apply: since professional investors ... be? Emerging markets, of course, with their blistering economies This line of reasoning has more than a few flaws First of all, it turns out that, on average, the stocks of nations with rapidly ... because of what we would today call “asymmetric consequences.” If the devout person is wrong, then all he has lost is a single lifetime of fornication, imbibing, and the pleasure of skipping a lot of...

Ngày tải lên: 20/06/2014, 20:20

... money would cause loss of credibility of all central banks This knowledge would jeopardize the central banks’ ability to perform the role of lender of last 24 Pillars of Prosperity resort and ... shortcomings of the welfare/warfare state is welcomed Thus our system is destined to perpetuate itself until the immutable laws of 14 Pillars of Prosperity economics bring it to a halt at the expense of ... of Congress existed only for the purpose of appealing to their different constituencies, not serious differences of opinion as to what the role of government ought to be This is the reality of...

Ngày tải lên: 09/08/2014, 19:22

... Ibid., p 819 62 Pillars of Prosperity them? The root of the evil is not the construction of new, or dreadful weapons It is the spirit of conquest As Mises shows, the “spirit of conquest” is ... Pillars of Prosperity The effort to diminish the use of drugs and to improve the personal habits of some of our citizens has been the excuse to undermine our freedoms Ironically we spend hundreds of ... von Mises, The Theory of Money and Credit (New Haven, Conn.: Yale University Press, 1953) 58 Pillars of Prosperity importance of concepts like time preference, the nature of class conflicts, and...

Ngày tải lên: 09/08/2014, 19:22

... types of benefits from federal taxation Next, this legislation would also provide paid professional police and fire officers with a $1,000 per year tax credit These professional public safety officers ... and the Professional Educators Tax Relief Act increase the salaries of teachers and other education professionals without raising federal expenditures By raising the take-home pay of professional ... keep as much of it as possible It is not Congress’s money to spend 90 Pillars of Prosperity Government spending is the problem! Taking a big chunk of the people’s earnings out of the economy,...

Ngày tải lên: 09/08/2014, 19:22

... inverse of the depreciation of the value of the currency The best way to get a judgment of the value of the currency as such, if one could literally it, is to separate the two components of long-term ... in terms of dollars than Japan We have 48 percent of the value of all the stocks in the world, and we put out 27 percent of the output So, there is a tremendous amount of marking up of prices, ... people of the world are going to suffer from the inevitable lowering of everyone’s standard of living But a much greater threat hangs over our head The loss of personal liberty in an age of rampant...

Ngày tải lên: 09/08/2014, 19:22

... transfers from the hands of the middleclass into the hands of the very wealthy (The very poor receiving welfare gain a degree of protection, short of a total destruction of the currency.) Prices ... that even central banks cannot “fix” the price of gold forever They tried this in the 1960s with the dumping of hundreds of millions of ounces of American gold in order to artificially prop up ... monetary system, something of the equivalency 196 Pillars of Prosperity of the Bretton Woods Agreement, even considering commodities once again? The European Union are talking now of a 20 percent reserve...

Ngày tải lên: 09/08/2014, 19:22