would lose his head. ***Self-serving tendencies and optimism*** We see ourselves and unique and special and we have optimistic views of ourselves. We overestimate the degree of control we have over events and underestimate chance. Example 1: Warren Buffett: >Any investor can chalk up large returns when stock soar‚ as they did in 1997‚ In a bull market‚ one must avoid the error of preening duck that quacks boastfully after a torrential rainstorm‚ thinking that is paddling skills have caused it to rise
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Pareto principle From Wikipedia‚ the free encyclopedia The term "Pareto principle" can also refer to Pareto efficiency. The Pareto principle (also known as the 80–20 rule‚ the law of the vital few‚ and the principle of factor sparsity) states that‚ for many events‚ roughly 80% of the effects come from 20% of the causes. Business‐management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto‚ who observed in 1906 that 80% of the land in Italy
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group’s ideas‚ philosophies and a few anecdotes that help to achieve goal. Project management courses techniques or skills focus on project of scope‚ time‚ cost‚ quality‚ human‚ risk‚ communication‚ procurement and integrated management. As Warren Buffett said‚ “In the business world‚ the rear-view mirror is always clearer than the windshield.” I see this not so much a tribute to the person running the project as much as to acknowledging a set of principles‚ techniques and values that are being used
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with contributing to everyday low inflation‚ meaning that all Americans benefit from Wal-Mart’s efficiency. More than one-eights of U.S. productivity growth been 1995 and 1999 was found to be the result of Wal-Mart’s drive for low prices. Warren Buffett‚ the famous investor‚ noted that the retailer has “contributed more to the financial well-being of the American public than any institution I can think of.” His own back-of-the-envelope calculation of this contribution: $10 billion a year. Wal-Mart’s
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Long-Term Capital Management‚ LP. (A) (HBS Case No. 9-200-007) Long-Term Capital Management‚ LP. (A) Hedge Funds According to the book‚ “Financial Markets and Institutions” by Anthony Saunders‚ hedge funds are financial intermediaries that pool the financial resources of individuals and companies and invest those resources in (diversified portfolios of assets. In other words‚ they are a type of investment pool that solicit funds from (wealthy) individuals and other investors (e.g.‚ commercial
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Implications of FDI in Insurance To study the impact of FDI in insurance we first look at the how the Indian insurance sector has evolved over the years. Indian insurance sector has experienced different phases from being an open competitive market to being nationalized and back to deregulation. The Indian insurance story began in India in the year 1818 with the establishment of the Oriental Life Insurance Company in Kolkata. In the year 1912 the Indian Life Insurance Companies Act came into existence
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References: Buffett‚ Mary. "On Gay Marriage and Civil Rights for All."Huff Post. (2013): n. page. Web. 15 Apr. 2013. <http://www.huffingtonpost.com/mary-buffett/on-gay-marriage-and-civil_b_2994891.html>. KEN‚ KLUKOWSKI. "HIGHLIGHTS FROM SUPREME COURT DOMA ARGUMENTS." (2013): n. page. Web. 15 Apr. 2013. <http://www.breitbart.com
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Social Mobility refers to the ability to change individual social class either by moving upwards or downwards in the stratification system (upper‚ middle and lower income group). There are four kinds of social mobility. Firstly by inter-generation‚ such as when a child surpasses his or her parents’ social class. Secondly by intra-generation‚ such as when a business success led an individual in change of social class. Thirdly would be horizontal mobility‚ moving in the same category‚ for example‚
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References: Buffett‚ W. E. (2002). annual letter to shareholders. Fortune magazine. Retrieved December 2‚ 2013‚ from http://www.berkshirehathaway.com/ Crotty‚ J. (2009). Structural causes of the global financial crisis: a critical assessment of the ‘new financial architecture’
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Earning yield is a great financial ratio which can be used very effectively to evaluate a stock. The process of calculating this ratio is very simple‚ first calculate the ‘Earning per share (EPS) and then divide EPS with current market price of stock. The value you will obtain is in percentage. The reported net profit (PAT) as declared by the company in last 12 months of operation can be taken as earning. Number of shares outstanding in the market is also declared by companies in their financial
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