like playing bridge with someone who has been told it doesn’t do any good to look at the cards”. Discuss. Warren Buffet‚ New York Times Magazine. AUTHOR: CHARLES EKWE RUO “In an efficient market‚ security (example shares) prices rationally reflect available information” (Arnold 2005‚ p.684). The efficient market hypothesis (EMH) refers to share price movement with respect to available information and thus no trader will be presented with an opportunity of making supernormal profits (except
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Example of a well structured essay. The content isn’t that exiting and the conclusion is quite weak‚ but there are many good points to make on the way the essay is structured and the way the information is put across. All my comments are highlighted thus. A good introduction. • Does the job of clearly defining the topic covered in the essay and the specific aspects which will be discussed. See in particular last sentence of introduction. ( We will be looking at the structure of introductions
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Mind Your Business Manners Where business deals are done at a click of a button‚ is there still the need to meet clients face-to-face? Fortunately for us‚ the face-to-face meeting is still an essential part of business. How then could we best present ourselves to give leverage to such face-to-face encounters and help showcase abilities and enhance our credibility positively? This is where Business Manners come into play. Business has ceased to be a simple affair. It is not merely limited to
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Instructions for Efficient-Frontier Construction a. Estimation The goal is to obtain the raw ingredients – expected returns‚ standard deviations and correlations. Historical data are used for this purpose. As a rule of thumb‚ five years of daily data are probably right (one year should be the absolute minimum). Keep in mind the following: 1) make sure to use the adjusted close prices to calculate returns (so that you won’t have large‚ spurious negative returns due to dividend payments or splits)
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Creating efficient frontiers using excel. Suppose we have 3 risky assets whose net return has the mean vector and variancecovariance matrix given below: Asset Mean VarianceCovariance Matrix 1 2 3 0.06 0.12 0.03 1 0.3 0.3 0.3 1 0.3 0.3 0.3 1 Weights Ones Mean Portfolio Return 1 1 1 0.176666122 Portfolio Portfolio Portfolio Variance STD Constraint 2.42961 1.558721 1 0.079372 1.603166 -0.68254 To model the portfolio choice problem‚ I begin by highlighting the mean vector and giving
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Weight loss: the most effective ways to lose the pounds Weight loss: the most effective ways to lose the pounds One of the top New Year resolutions for many people has been to lose weight. Many people want to drop the pounds they have gained and look their best. Some will start strong‚ going to the gym every day and eating healthier foods. Many will starve themselves and exercise until they are sore‚ expecting to see results instantly. Every day‚ they will step on
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video that I watched on Blackboard. This reflective essay is to provide how my perspective changes and what brings those changes‚ after watching the video and reflecting upon my previous experiences‚ using John’s reflection model. John’s structured reflection model provides chances to healthcare practitioners to reflect upon one’s own lived experiences‚ which brings about a changed perspective and empowerment to achieve effective desirable practice (Johns 1995). I will provide a detailed description
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Short Paper 1 Philosophy Human Person Civil Disobedience What is the most effective means of protesting an unjust law? by Maria Cristina Coello June 19‚ 2014 Summer 2014 No matter how much society fights against injustice and inequality‚ there is always something that corrupts laws into unjust ones. Often these “unjust” laws affect directly to a certain type of group or individuals just because of characteristics or social class. The minority groups affected by the special treatment
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write down the three forms of efficient market hypothesis‚ emh how do they differ? What are the consequences for an investor? Efficient market hypothesis (EMH) is investment theory. It states stocks are regularly exchanged for a moderate value on stock exchanges. Thus‚ it is hardly possible for investors to either invest in undervalued stocks or sell stocks for amplified prices. The three forms are: 1. Weak form EMH The weak form EMH designates market is efficient when the past market information
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Conflict can turn victims into leaders. Even though individuals are victimised in the process‚ some will overcome this adversity to rise above and conquer. They become leaders‚ that other citizens learn from and become inspired with. This transformation represents the power that all victims have‚ but don’t use. In Diary 139 of The Freedom Writer’s Diary written by Erin Gruwell and her students ‚ the student being a victim of conflict was the first in his family to be graduating from high school and
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