the seven pillars of negotiational wisdom

... the room a stack of large cards, half of which had the image of the young woman you saw on page 25, and the other half of which had the old woman on page 45 He passed them out to the class, the ... picture of the young woman to one side of the room and the picture of the old woman to the other He asked us to look at the cards, concentrate on them for about 10 seconds and then pass them back ... with the natural laws of growth Habit is the habit of renewal a regular, balanced renewal of the four basic dimensions of life It circles and embodies all the other habits It is the habit of...

Ngày tải lên: 08/08/2013, 20:31

... hình thức hay sử dụng cho mục đích thương mại Original title: Breakthrough Thinking: The Seven Principles of Creative Problem Solving Copyright © 1994, 1996 by Gerald Nadler and Shozo Hibino ... ngáng đường sống Trên thực tế, vấn đề xuất theo quy luật mang tính ngoại lệ Bởi, vấn đề phản ánh trạng thái tinh thần 36 vấn Đề kéo Theo vấn Đề Vấn đề, hiểu theo nghĩa đơn giản nhất, điều kiện bối ... vi khác Những mục đích xếp theo trình tự từ nhỏ đến lớn, từ gần đến xa, từ phụ đến Việc phân loại hay xếp trật tự mục đích gọi hệ thống cấp mục đích Lý xét mục đích theo hệ thống nhằm tìm kiếm...

Ngày tải lên: 10/11/2013, 19:32

... Protocols, or rules, can their work in either hardware or software or, as with most protocol stacks, in a combination of the two The nature of these stacks is that the lower layers their work in hardware ... (4 and 5) Using UDP equates to the functions of only the transport layer of the OSI model The TCP/IP process layer, when used with TCP, provides the functions of the OSI model’s presentation and ... Since the discussion of networking often includes talk of “extra layers”, this paper will address these unofficial layers as well Finally, this paper will draw comparisons between the theoretical...

Ngày tải lên: 24/01/2014, 09:20

... the room a stack of large cards, half of which had the image of the young woman you saw on page 25, and the other half of which had the old woman on page 45 He passed them out to the class, the ... picture of the young woman to one side of the room and the picture of the old woman to the other He asked us to look at the cards, concentrate on them for about 10 seconds and then pass them back ... causing their Circle of Influence to increase Reactive people, on the other hand, focus their efforts in the Circle of Concern They focus on the weakness of other people, the problems in the environment,...

Ngày tải lên: 15/03/2014, 09:20

... 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 ... probability (the bell-shaped curve) predicted by the laws of statistics As you can see, the agreement is quite good 26 The Four Pillars of Investing Long-term risk the probability of running out of money ... to the non-academic reader, as they subtract out the return due to inflation, and further not include dividends.) Now look on the left-hand portion of the graph These are the markets with the...

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...

Ngày tải lên: 20/06/2014, 20:20

... that the 2% expense doesn’t 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 ... 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 ... what the condition of the economy or their employment On the other hand, the earnings and dividends of auto manufacturers are notoriously sensitive to economic conditions Because the purchase of...

Ngày tải lên: 20/06/2014, 20:20

... Obviously, the magnitude of impact costs depends on the size of the fund, the size of the company, and the total amount transacted As a first approximation, assume that it is equal to the spread 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 ... 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...

Ngày tải lên: 20/06/2014, 20:20

... consisted of a cluster of coffeehouses in the neighborhood of Change Alley By the late seventeenth century, these coffeehouses became the most active and advanced exchanges in the world The average “stock ... at the 132 The Four Pillars of Investing end of the pipe the average consumer, and, more importantly, the investor the water is flowing evenly To illustrate the point, I’ve plotted the real gross ... is then funneled into a long pipe From the 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...

Ngày tải lên: 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 ... 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 1920s ... and, by the time of the pool, was head of the Democratic National Committee The second unique institution of the 1920s was the “investment trust.” Like the modern mutual fund, it had professional...

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 ... 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 ... In another study, 82% of young U.S drivers considered themselves in the top 30% of their group in terms of safety (In selfdoubting Sweden, not unsurprisingly, the percentage is lower.) The factors...

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 ... Accept the fact that stock market patterns are a chimera: the man in the moon, the face of your Aunt Tillie in the clouds scudding overhead Ignore them When dealing with the markets, the safest...

Ngày tải lên: 20/06/2014, 20:20

... 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 will have long-term real returns of less than ... knew the ins and outs of the fund playbook the Investment Company Act of 1940—as well as Jack Bogle Among other things, the Act mandated that the fund directorship be separate from that of the ... 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 usually wellinformed and smart enough to understand the futility...

Ngày tải lên: 20/06/2014, 20:20

... 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 ... 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 ... 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

... 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 ... which were the runaway winner in 2000 The three-year return of the rebalanced portfolio was 8.48% Had you not 290 The Four Pillars of Investing rebalanced back to equal weighting at the end of 1998...

Ngày tải lên: 20/06/2014, 20:20

... 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 ... with them The place to 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...

Ngày tải lên: 20/06/2014, 20:20

... the room a stack of large cards, half of which had the image of the young woman you saw on page 25, and the other half of which had the old woman on page 45 He passed them out to the class, the ... picture of the young woman to one side of the room and the picture of the old woman to the other He asked us to look at the cards, concentrate on them for about 10 seconds and then pass them back ... causing their Circle of Influence to increase Reactive people, on the other hand, focus their efforts in the Circle of Concern They focus on the weakness of other people, the problems in the environment,...

Ngày tải lên: 29/06/2014, 01:20

... grove on the outskirts of the town, the home of a tribe of monkeys The men started to throw the stones at the beasts, and from their perches in the treetops, the monkeys threw coconuts Whether this ... into his hand - 13 - The Seven Voyages Of Sinbad The Sailor At the first light of dawn next day, Sinbad the Porter went to the house of Sinbad the Sailor, who began to tell another tale "I was as ... gave up and slithered away I untied the planks and set off in search of food My wanderings took me to the tip of the island, high above the sea As I sat there, downhearted, staring at the water,...

Ngày tải lên: 05/07/2014, 05:20

... the room a stack of large cards, half of which had the image of the young woman you saw on page 25, and the other half of which had the old woman on page 45 He passed them out to the class, the ... picture of the young woman to one side of the room and the picture of the old woman to the other He asked us to look at the cards, concentrate on them for about 10 seconds and then pass them back ... causing their Circle of Influence to increase Reactive people, on the other hand, focus their efforts in the Circle of Concern They focus on the weakness of other people, the problems in the environment,...

Ngày tải lên: 06/07/2014, 12:20