Developing Robust Asset Allocations1 Working Paper First Version: February 17‚ 2006 Current Version: April 18‚ 2006 Thomas M. Idzorek‚ CFA Director of Research Ibbotson Associates 225 North Michigan Avenue Suite 700 Chicago‚ Illinois 60601-7676 312-616-1620 (Main) 312-616-0404 (Fax) tidzorek@ibbotson.com Abstract Over the last 50 years‚ Markowitz’s mean-variance optimization framework has become the asset allocation model of choice. Unfortunately the model often leads to highly concentrated asset
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Assignment 1: MORAL REASONING Short Essay: Moral reasoning is individual or collective practical reasoning about what‚ morally‚ one ought to do. For present purpose‚ we may understand issues about what is right or wrong‚ virtuous or vicious‚ as raising moral question. When we are faced with moral questions in daily life‚ just as when we are faced with child-rearing questions‚ sometimes we act impulsively or instinctively and sometimes we pause to reason about what we ought to do. Much of our reasoning
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our moral compass is pushed to the backburner while our ego leads the way. Another reason why our moral compass is hidden in our society‚ is because we care far too much about what others think. Before most girls leave the house in the mornings‚ they spend hours doing their hair‚ perfecting their makeup and finding the outfit that will impress all the boys‚ and make the girls jealous. When teens today are faced with a situtuation such as drinking at a party‚ instead of allowing their moral compass
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Moral panics Throughout time there have been a number of panics over a variety of issues‚ ranging from crime and the activities of youth‚ to drugs and sexual freedom‚ each considered a threat to the moral fibre of society. As Furedi points out‚ ‘newspaper headlines continually warn of some new danger which threatens our health and happiness. Furedi suggests that moral panics have a tendency to occur ‘at times when society has not been able to adapt to dramatic changes’ and when such change leads
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Moral Judgements Jakob Bronowski’s book‚ "Science and Human Values" argues that the scientific method of inquiry into reality provides a generally applicable foundation for moral judgement. Bronowski says‚ "in order to keep the study in a manageable field. I will continue to choose a society in which the principle of truth rules. Therefore the society which I will examine is that formed by scientists themselves: it is the body of scientists" (Bronowski 58). Bronowski makes it clear in his book
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“Moral Intelligence” Authors: Doug Lenick and Fed Kiel Critiqued by: October 10‚ 2007 Fall 2007 Class Honor Code: “I declare and affirm that the work submitted herein is my own work product from my own labor‚ efforts‚ and endeavors‚ and that I did not seek‚ receive‚ offer‚ or accept unauthorized aid or assistance or use of the work product of another‚ unless otherwise so stated fully and completely herein.” What does it take to be a great leader? Doug Lennick‚ author
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“Moral Code” Imagine watching evening news Easter weekend and headlining story of the night is a senseless murder of an entire family. Our normal reaction would be filled with distain and disgust. Leaving unanswered questions like “why” or “how could someone do that?” What drives someone to kill other people? Where is their Moral Code? Most stories like this will give you the killers interpretation of why their moral code went astray and usually gain your empathy‚ even though you don’t agree
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SHOULD WE BE MORAL??? Being moral is a choice free from both internal and external factors. Unless we have some convincing reasons for being moral‚ there is no point in enquiring what is morally good and what is not. This question concerns reasons than causes. Also one must realize that being moral involves self denial. For example a moral person must not take BRIBE‚ but another person who is not moral and takes bribes may turn out to be in a financially better position. So‚ moral obligations
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The way I interpret the four approaches to moral differences are as follows: Soft Universalism is where a person or people have certain morals they loosely base their actions/lifestyle on‚ but they don’t have any qualms with straying from them depending on the situation. I think this approach is more of a‚ coward’s way out‚ if you will. It basically means you don’t really have to stand by any morals whatsoever‚ because you can say you’re all for or all against something‚ until the situation arises
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Moral subjectivism is additionally called moral subjectivism. It is a philosophical hypothesis that recommends that ethical truths are resolved at an individual level. It holds that there are no target moral properties and that moral articulations are nonsensical in light of the fact that they don’t express permanent truths. Creators like David Agler add on to state that All ethical measures or truths are reliant just upon the suppositions and emotions (not reality) of the utterer making the subjective
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