the four elements of liability for actionable neg
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_2 ppt
Ngày tải lên :
20/06/2014, 20:20
... 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 ... the prices of prestiti during the fourteenth and fifteenth centuries in Figure 1-3 (The “par,” or face value of the bonds, is arbitrarily set at 100.) For the first time in the history of capital...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_3 potx
Ngày tải lên :
20/06/2014, 20:20
... 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 ... 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 to the way...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_4 pdf
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20/06/2014, 20:20
... 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 ... at the performance of mutual fund managers, testing for evidence of stock selection skill Because most of the funds he examined held a significant portion of cash, almost all of them underperformed...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_5 docx
Ngày tải lên :
20/06/2014, 20:20
... 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 ... skilled But these two exceptions not disprove the efficient market hypothesis The salient observation is that, of the tens of thousands of money managers who have practiced their craft during the past...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_6 pot
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20/06/2014, 20:20
... 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 ... 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 ... 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...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_7 doc
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20/06/2014, 20:20
... 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 ... 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 ... 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...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_8 ppt
Ngày tải lên :
20/06/2014, 20:20
... to four times the valuation of a typical company This means the market expected these companies to eventually increase their earnings relative to the size of the market to three or four times their ... long-term returns for the simple reason that we are not aware of just how bad they are 178 The Four Pillars of Investing The Country Club Syndrome This is the peculiar affliction of the very wealthy ... 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...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_9 pdf
Ngày tải lên :
20/06/2014, 20:20
... 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...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_10 doc
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20/06/2014, 20:20
... 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 ... obvious, leg of the financial industry stool is the press, for it is reporters, editors, and publishers who inform and drive the investment patterns of the public The relationship between the fourth ... that of the companies which provided their advisory service, in this 214 The Four Pillars of Investing case Wellington Management Fortuitously, only a few of the fund’s directors worked for the...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_12 doc
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20/06/2014, 20:20
... 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 ... 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 ... deferral of taxation, the all-taxable investor will want a higher portion of stocks than the all-sheltered investor, all other things being equal Finally, there is the all-too-common situation of the...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_13 potx
Ngày tải lên :
20/06/2014, 20:20
... 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 ... 1.0848 Therefore, the rebalanced return is 8.48% The unrebalanced return is a bit trickier Here, you have to calculate the end-wealth after three years for each of the four assets in the same...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_14 docx
Ngày tải lên :
20/06/2014, 20:20
... 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 ... 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 ... Duh The laws of arithmetic continue to apply: since professional investors are the market, in the aggregate they must receive the market return minus expenses I’m not going to bore you with the...
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Tài liệu How To Use the Six Laws of Persuasion during a Negotiation pptx
Ngày tải lên :
21/12/2013, 04:18
... benefit, then your influence over others increases significantly Some of the best masters of the art of persuasion in negotiation are highly successful salespeople who their best not only to make the ... not always the same for everyone; negotiators often have different criteria by which they judge the success of their bargaining outcomes.) Often when dealing with “tough” or “hard” negotiators, ... Page The laws work because they provide shortcuts to making the countless decisions people face every day as they look for information to reduce the complexity of life If you can apply these...
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Tài liệu How To Use the Six Laws of Persuasion during a Negotiation docx
Ngày tải lên :
21/12/2013, 06:18
... benefit, then your influence over others increases significantly Some of the best masters of the art of persuasion in negotiation are highly successful salespeople who their best not only to make the ... not always the same for everyone; negotiators often have different criteria by which they judge the success of their bargaining outcomes.) Often when dealing with “tough” or “hard” negotiators, ... Page The laws work because they provide shortcuts to making the countless decisions people face every day as they look for information to reduce the complexity of life If you can apply these...
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Tài liệu THE INTERNATIONAL LAW OF RESPONSIBILITY FOR ECONOMIC CRIMES docx
Ngày tải lên :
19/02/2014, 06:20
... of the resources of developing countries and their elevation to the level of international concern have obscured the problem of spoliations by national officials of the wealth of the states of ... leaders The circle of persons liable for acts of indigenous spoliation tracks the list of possible offenders in Article IV of the Convention on the Prevention and Punishment of the Crime of Genocide, ... ousting of Momoh there was no sign of the SSD uniforms Another example of phantom contracts that was brought to the attention of the Lynton Nylander Commission of Inquiry was the award of a $20 million...
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The economic Value of citizenship for immigrants in The united states ppt
Ngày tải lên :
08/03/2014, 06:20
... language proficiency, lack of knowledge about the application process, and the cost of applying, which at $680 is higher than in most other OECD countries The Economic Value of Citizenship for Immigrants ... transportation and the value of the time spent preparing their application and studying for the language and civics tests.24 In a survey of Latino immigrants who had attended one of a series of citizenship ... and Justin Scoggins 2012 forthcoming The Economic Benefits of Naturalization (tentative title) Los Angeles, CA: University of Southern California, Center for the Study of Immigrant Integration...
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Astrology, Psychology, and The Four Elements An Energy Approach to Astrology & Its Use in the Counseling Arts_1 pptx
Ngày tải lên :
29/03/2014, 04:20
... Classification of Elements 93 The Element Fire 95 The Element Air 96 The Element Water 97 The Element Earth 99 87 CHAPTER 11 Psychology of the Individual 101 The Elements in the Healing Arts 107 L2 Elements ... concept of the four elements Since the elements describe the actual energies symbolized by astrological factors, an understanding of their principles enables one to synthesize the meaning of a birth-chart ... the planlt Earth, the earth is the center of their world, just as the individual is the center ofhis personalworld The validity of astrology can be demonstrated most clearly by a type of proof...
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Astrology, Psychology, and The Four Elements An Energy Approach to Astrology & Its Use in the Counseling Arts_2 pdf
Ngày tải lên :
29/03/2014, 04:20
... from the vantage point of a high state of spiritual awareness The Four Elements 89 World-wideRecognitionof the Four Elements Many cultures throughout the world include the four elements in their ... ourselves from the grip of the past At the deepestlevel, these housessymbolize the most profound yearnings of the soul; for they indicate the process by which the emotional residue from the past is ... the amelioration of society The Third House The cadent air house, the third, is the field of LEA.RNING on TheINTELLECTUAL and SOCIAL level It therefore represents all forms of exchange of information,...
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báo cáo sinh học:" Understanding the ‘four directions of travel’: qualitative research into the factors affecting recruitment and retention of doctors in rural Vietnam" doc
Ngày tải lên :
18/06/2014, 17:20
... as the foremost reason for joining the profession by medical doctors “Other professions might be better than the medical profession in terms of money, but social respect is lower than for the ... routes, the desirability of different job attributes and their priorities for change Finally, the guide for medical students was focussed on their motivation and expectations of the profession, their ... article describes the findings of the first Page of 14 stage - the qualitative research which fed into the design of the questionnaire and contingent valuation The focus of the study in Vietnam...
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