Discuss: “The concept of efficient diversification implies that for an investor wishing to efficiently assume risk in their portfolio; the risky part of the portfolio should consist of weighted proportions of all possible risky assets.” Abstract: Minimizing investor’s portfolio risk was a dominant goal influencing decision making of investment. The effective method of reducing risks was to efficient diversifying the portfolio. The author’s purpose in this article was to share thoughts and concerns
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Essay #1: Aquinas’ 3rd Way: Aquinas’ third way argument states that there has to be something that must exist‚ which is most likely God. He starts his argument by saying not everything must exist‚ because things are born and die every single day. By stating this we can jump to the conclusion that if everything need not exist then there would have been a time where there was nothing. But‚ he goes on‚ if there was a time when there was nothing‚ then nothing would exist even today‚ because something
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Thomas Aquinas. Questioning the existence of god was frowned upon in medieval philosophy because it questioning would change the system of how things are done. So there was a great reason to just go with the flow and follow religion. Thomas Aquinas was one to follow religion and actually establish a reason for god’s existence in a logical sense. Using logic and faith‚ god can be proven to have been the cause of all beings in the universe. Three of Thomas Aquinas quinque viae or arguments for the
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In my essay I shall discuss Aquinas’ understanding that blame is excusable due to ignorance if and only if they are involuntarily ignorant. I shall outline Aquinas’ understanding of voluntary ignorance and involuntary ignorance as an excuse from blame. Then I shall analyse this view‚ and conclude that whether or not the individual is blameable can‚ in some cases‚ only be prescribed by the individual. Aquinas as a Neo-Platonist believes that existence is a good in itself‚ therefore‚ all things that
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Summary of St. Thomas Aquinas’ 5 Ways of Proving God’s Existence In the thirteenth century‚ St. Thomas Aquinas formulated the famous ‘Five Ways’ of proving God’s existence. These five ways were not regarded as proofs in a scientific way but rather it is a step‚ in the sense of believing God. The ‘Five Ways’ are: First‚ The Argument of Unmoved Mover. It states that whatever is in motion is moved by another thing; that thing is also moved by something. So‚ in order to prevent continuity‚ you
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minimum efficient scale (MES)The minimum efficient scale (MES) is the output for a business in the long run where the internal economies of scale have been fully exploited. It corresponds to the lowest point on the long run average total cost curve and is also known as the output of long run productive efficiency. The MES is rarely a single output - more likely it is a range of output levels where average cost is minimized where the firm achieves constant returns to scale. The MES will vary from industry
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fundamental aspects of political philosophy that has been greatly influential. Two specific philosophers Thomas Hobbes and Thomas Aquinas‚ evaluate Aristotle’s perspective of the political nature in relation to mankind. Thomas Aquinas uses Aristotle’s principles as a foundation for his reasoning in writing “On Law‚ Morality‚ and Politics.” He modifies Aristotle argument by contributing the religious sphere into the fundamental principles of his political teachings. Thomas Hobbes‚ on the contrary‚
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Aristotle‚ differing from Plato‚ believed that by observation we could explain the world and all matter. Aristotle refuted Plato’s idea of having an absolute explanation. Aristotle’s approach‚ empiricism‚ is the foundation of science. Empiricism is the use of the five senses to observe objects and gain knowledge. Aristotle observed that the world was constantly changing‚ a movement from potentiality to actuality. One of Aristotle’s examples‚ whiteness‚ shows that something that is ‘not white’ has
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Aquinas on Usury 1 The idea of lending money at a cost or interest rate has been a concept that has been around for centuries. St Thomas Aquinas was an early Western philosopher who is acclaimed to be the thought of much of the catholic churches teachings today. Aquinas was against the notion of lending money at interest for various reasons. Following the catholic view on usury often leads to an association with greed and exploiting the person in need of the loan. In today’s society usury is almost
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Thomas Aquinas takes many of Aristotle ’s ideas from The Politics in order to create his idea of the best regime. He revisits the good and bad forms of each type of government Aristotle introduced‚ and then makes his decision that the best regime is a type of monarchy that he calls kingship. This decision stems from his definition of a king as "one who rules over the people of a city or province for the common good" (17). Kingship is beneficial because it is the rule of one person. Aquinas states
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