Book Reviews of: When Genius Failed; the rise and fall of Long-term Capital Management by Roger Lowenstein & Monkey Business; swinging through the Wall Street jungle By John Rolfe and Peter Troob When Genius Failed: The Rise and fall of Long-Term Capital Management by Roger Lowenstein The book tells the story of long-term capital management. It is the detailed history of how a group of elite investors who called themselves the ‘LTCM’ (Long term capital management) contributed to the rise
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An Introduction to Securities Lending Fourth Edition Mark C. Faulkner‚ Managing Director Spitalfields Advisors An Introduction to Securities Lending Fourth Edition Mark C. Faulkner‚ Managing Director Spitalfields Advisors About the Author Mark Faulkner is Managing Director and co-founder of Spitalfields Advisors Limited. The company is an independent specialist consultancy firm and its focus is upon the provision of consultancy services to institutions active‚ or considering becoming
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College of Engineering‚ University of the Philippines‚ Diliman‚ Quezon City 1101‚ Philippines msdimain@yahoo.com jadegonzales019@yahoo.com ronelpancho@yahoo.com tewhmat.liv@gmail.com Abstract The study aims to measure the refractive index of a triangular prism using a spectrometer‚ utilizing different gas discharge tubes as light source. With the use of the discrete spectrum of mercury vapor‚ hydrogen gas and neon gas‚ each of the visible color in their respective spectrum passing through the prism
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NORTHCENTRAL UNIVERSITY ASSIGNMENT COVER SHEET Learner: Casey Scalzott THIS FORM MUST BE COMPLETELY FILLED IN Please Follow These Procedures: If requested by your mentor‚ use an assignment cover sheet as the first page of the word processor file. The assignment header should include the Learner’s last name‚ first initial‚ course code‚ dash‚ and assignment number (DoeJXXX0000-1) justified to the left and the page number justified to the right. Keep a Photocopy or Electronic
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An efficient capital market is one in which stock prices fully reflect available information. Professor Andrei Shleifer has suggested three conditions lead to market efficiency. (1)rationality‚ (2)independent deviations from rationality‚ and (3)arbitrage. This essay will examine investors’ behavioral biases and then discuss the behavioral and empirical challenges to market efficiency. In the attached article‚ James Montier suggested three behavioral biases that investors had. (1) illusion of control
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3. Do you expect this profit level to continue in subsequent years? Why or why not? As the marginal expense of manufacturing is more than the marginal income‚ it is not feasible for the company to manufacture a positive amount of output although it has got monopoly power by the patent. During the 1st year‚ the company has incurred the fixed expense of 120 that it can ’t do anything about. But‚ in the following years the company would go out this market and consequently prevent the fixed expenses
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0 − dS0 the value of this investment at expiration is Up Down Payoff of stock HuS0 HdS0 Payoff of calls –(uS0 – X) 0 Total payoff HdS0 HdS0 21-5 Binomial Option Pricing (cont.) hence‚ we obtained a risk-free investment with end value HdS0 arbitrage argument: the current value of this investment should be equal to its present discounted value using the risk-free rate H is called the hedge ratio (the ratio of the range of call option payoffs and the range of the stock price) the argument is based
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Flatland Chapter 1-2 Brief Summary By Samson Cantor Flatland by Edwin A. Abbott is a mathematical parody about imagining the entire world as a two dimensional plane. The book is a clever way of thinking about life in only two dimensions‚ where there is only length and width but not height. Flatland is a nation where everybody is a shape whose only perception is lines. Abbott allows the reader to understand this concept by imagining a penny being placed on a table. Looking down on the penny‚ the
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potential distortions. These three-value ads used to run vertically‚ with a small triangular notch placed in the red border around the ad. The notch resembled an arrow‚ an arrow pointing at the third image and value within the ad‚ which was a negative value‚ like pollution. This allowed consumers to potentially view the ad as HSBC singling out one value over the other two. Now‚ the ads run horizontally‚ with the triangular notch pointing right at the HSBC logo and tagline. A much safer and clearer
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A Love Triangle There are many different kinds of love; therefore‚ there are many different types of relationships as well. For example‚ according to the triangular theory of love‚ developed by psychologist Robert Sternberg‚ love has three constitutive components: intimacy‚ passion‚ and commitment. So‚ the type of love one experiences depends on the relative strengths of these components. The types of love that the main characters of Talking it Over experienced for one another were very diverse
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