...Stock Market Report The first step to building my portfolio was defining my objectives. What exactly did I want to achieve by participating in this game? Keeping in mind that many financial analysts fail to beat the S&P 500, I realized that my chances of beating the market were slim. If “professionals” have difficulty choosing the right stocks, then chances are I will to. In short, I decided that taking a gamble and investing in risky stocks to win the game was probably a futile strategy. The technical reason for why I, or any other person for that matter, cannot beat the markets is that markets are mostly efficient. Much of what I know about a company is probably public information so it is already reflected in that company’s stock price. For example, many people view Apple as a company with much potential for growth. As a result, the demand for its stock is already very great; so great that some say the demand for the company can’t go any higher. If I were to buy Apple, I must find a reason for why the public is undervaluing it; simply saying the iPhone is selling off the charts won’t work since everyone already knows that. With this in mind, I focused on buying stocks that I was familiar with and could at least make a reasonable case as to why they were undervalued. I decided to settle on buying a group of stocks and keeping them until the end of the game. In fact, since I was investing for the long term, I pushed myself to rarely look at my holdings in order to limit...
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...Theory of Knowledge Essay Question – 4 “That what is accepted as knowledge today is sometimes discarded tomorrow”. ------------------------------------------------- Consider knowledge issue raised by this statement in two areas of knowledge. Examination Session: - May 2014 School Code: - 002272 School Name: - Indus International School, Bangalore Candidate Number: - 002272-0091 Name: - Nidhey A Pan Word Count: - 1471 “That what is accepted as knowledge today is sometimes discarded tomorrow”. Consider knowledge issue raised by this statement in two areas of knowledge. As I have studied in an Indian curriculum until grade 10 the knowledge that I had until then for the subject of environmental studies (AOK) was nothing but only about the rising concerns of the environment learn most of the stuff that was given in book to get good marks. But this was all discarded when I joined the IBDP curriculum and took that to study as a standard level subject. What I have learnt now is that this subject not only taught me about the environmental concerns but also about the different aspects of the environment and also to practically applies the concepts that we have learnt. Whatever knowledge I had earlier about the subject of learning by heart the stuff, has now been changed, as it is not learning by heart but apply the concepts that we have learnt and perform practical experiments related to the subject. This is because the way of teaching has changed. The schools...
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...Sample Scholarship Essays Updated on Thursday 18 February 2010 (see below for url) This section contains three sample scholarship essays: 1. Scholarship Essay Sample One - Crabiel 2. Scholarship Essay Sample Two - National Merit Scholar 3. Scholarship Essay Sample Three - Fulbright Scholarship Essay One - Crabiel Scholarship Winner, won $3,000 scholarship Like Mr. Crabiel, I literally work tirelessly in many academic and leadership roles. I sleep no more than six hours a night because of my desire to expertly meet my many commitments. Throughout my life, I have worked as long and as hard as I possibly can to effect beneficial changes in both school and society. During the summer of tenth grade, I took a number theory course at Johns Hopkins University with students from Alaska, California, and Bogota, Colombia. Similarly, during the summer following eleventh grade, I was one of ninety students from New Jersey selected to attend the Governor's School in the Sciences at Drew University. At Drew, I took courses in molecular orbital theory, special relativity, cognitive psychology, and I participated in an astrophysics research project. For my independent research project, I used a telescope to find the angular velocity of Pluto. With the angular velocity determined, I used Einstein's field equations and Kepler's laws to place an upper bound on the magnitude of the cosmological constant, which describes the curvature of space and the rate of the universe's expansion. In addition to...
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...Right Movement is a defining chapter in the US history because it earned the black Americans an equal right of citizenship as whites. It also brought about a significant change in the social and economic structure of the US, contributing to the passing of Civil Right Bill in 1964 and the Voting Right a year after. Reflective Essay I, along with four other students, comprised a group whose primary duties were to provide consultation for the Chartered Management Institute (CMI) of our university. The primary question was to determine whether or not it was feasible for the university to offer qualifications in management and leadership, as well as how much this qualification was in demand. My experience with the client consultancy project saw my group of five students come together successfully as a team in order to achieve these goals. Investor Behavior Stock market refers to a market for buying and selling stocks. People show interest in stocks mainly due to three reasons - long term growth opportunity for capital, dividends and an ensured hedge against the reduction of purchasing power owing to inflation. Another feature making the stock market a lucrative investment option for many is its liquidity. Majority of the people invest in stocks with the desire to accrue a benefit upon the payment of dividends and increase of stock price. Social Event: State Fair For the purposes of...
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...Arguments about Computer dependency Since their invention, people far and wide have become increasingly dependent on computers. Computers have found their way into just about every aspect of our lives, and in most cases, they make things easier for us [4] . They allow us to work from home, socialize with our friends and family who live too far away to visit, and they provide an ever-welcome stress relief when we come home from school or work and just want to have some fun. But as we increasingly rely on computers to get through the day, the question begs to be asked: have we become too dependent on computers? Despite the many benefits of computers, there are also a number of arguments against them, one of which is the negative effect some believe they are having on children's education. Illiteracy is a growing issue, and many say that computers are to blame. In the past few years, many teachers have taken to shuffling their students off to a computer to type out short, quick assignments that could easily be written out by hand. While this isn't much of an issue for older students, it is an issue for the younger students who are just learning to read and write. Regardless of how much we're coming to rely on computers, printing and handwriting are a necessary skill to have. But typing out assignments has an effect on more than just the ability to print4. It can also negatively impact their spelling and grammar. While most programs now have spell- and grammar-check, they...
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...Abdullah Noorulhaqq Tara Burge AP English Language Composition A March 10, 2015 One author gives a firsthand account of what it was like to live through The Great Depression. Read this excerpt of John Steinbeck's essay "I Remember the Thirties."Then, answer the following questions based on Steinbeck’s rhetorical strategies. 1. The author says the decade had "a beginning, middle and end." His essay also has this structure. Briefly describe these three sections in Steinbeck's essay.Essentially the beginning, the middle, and the end he refers to are the beginning, middle, and end of the Great Depression. He described lie before the Depression as a writer. During the Depression, he described how tough life was and how writers were hard hit. After the Depression, he described the success he encountered in s his book. 2. What is Steinbeck's attitude towards those who "had it made" at the beginning of the decade? Quote the words or phrases that lead you to this conclusion.Steinbeck’s attitude toward those wo had it made was almost one of pity or somberness. He knew that those who had it made were not on solid footing and that the money they had could go as fast as they received it. What really helped me was “Their eyes had the look you see around the roulette table.” Meaning that they did not know what to expect next and had their hopes penned on something that was not even certain. 3. Steinbeck's use of sensory details provides a vivid description of life during that...
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...Microsoft Corporation Outline the target market for the business and assess the effectiveness of their marketing strategies for TWO elements of the marketing mix. Microsoft Corporation Table of contents Microsoft corporation overview 3 Introduction 3 Marketing strategies and their effectiveness 4 Conclusion 5 Reference list 6 Appendix Financial Statements For Microsoft Corporation: annual data 7 Microsoft corporation overview Microsoft is a public multinational corporation founded in Albuquerque, New Mexico on April 4th, 1975 by Bill Gates and Paul Allen. Where know the head quarters are in Redmond, Washington, USA with Steve Ballmer (CEO), Brian Kevin Turner (COO), Bill Gates (Chairman), Ray Ozzie (CSA), Craig Mundie (CRSO) and approximately 89,000 employees. Introduction Microsoft became one of the largest and most profitable companies in the world. Its founder, Bill Gates, became one of the wealthiest people in the world. Microsoft products enjoy a market share of more than 90 percent of the operating systems business worldwide. Microsoft has continued to expand and to update its product offerings and in doing so, it continues to spur demand among software buyers for Microsoft's newest and best products. The company has successfully navigated through changes in technology, the rise and fall of competitors, the growth of the Internet, and the globalization of business. In order for this success, Microsoft...
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...day-to-day life, the decisions made in ethical dilemmas can be very situational. There does not seem to be a clear set of rules and because of this, unethical situations and decisions arise. The term boiler room refers to an outbound call center where telemarketers use high-pressure sales tactics to sell fake stock (Farlex Inc, 2000). Modern boiler rooms disappeared in the 1990s but they still exist in various forms. With the widespread use of the internet and lack of government regulation on web site creation, a boiler room can set up a website in one country, operate from another and target victims in a third. This makes it very difficult to identify the scamming stockbrokers and even more difficult to trace them. Many people have grown wise to the phone scams thanks to warnings from financial authorities and the increased value of ethics (Wikipedia, 2014). In the business world the practice of ethics has become increasingly important, not only for moral reasons but to maintain a competitive advantage (Smith, 2012). This essay analyzes the movie Boiler Room and the ethical dilemmas presented in respect to business ethics models. Real life ethical dilemmas that traders in the stock market are faced with, the ethical decisions facing whistle blowers and the relationship between ethics and social responsibility will be discussed. There are three models of ethics, the Utilitarian model, the Moral Rights model and the Justice model (Jones, George, Haddad, & Rock, 2013). The characters...
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...Executive Summary With the unpredictable markets that have occurred in the past few months there truly was no need to go to any amusement park because no ride could take you on as many bumps, twist and drops that this economy has taken us investors on. The Stock-Trac Simulation was a great educational tool which gives beginners in the online trading world basic knowledge and tools to help succeed in the “world’s largest casino”. Today’s world is globalized and what makes a smart investor is someone who knows all about the different and diverse markets and companies of the world. For this assignment we had to invest in different companies and exchanges from all around the globe. Since we were new to investing, this project seemed to be a little overwhelming at first glance and we knew we needed some assistance in researching domestic and international markets. By using Yahoo Finance and Google Finance, we got the help and resources needed to create a diversified portfolio investing in bonds, futures, and stocks. Everyday as we would do our research on certain stocks and other investments, we continued to notice frightening downward trends in world exchanges from NYSE to Shanghai Stock Exchange. We knew before we began trading that there was high volatility in today’s market and it seemed to be causing unpredictable changes in price. These trends were causing havoc on the markets and many companies ending up going bankrupt or were on their last life line. Since this was a short...
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...would argue that the technological advancements of the 21st century have been beneficial to society. While beneficial, we believe that, as a society, we must realise the magnitude of our dependence on technology and the ramifications if it were to be taken away from us. This paper argues that humans have formed a detrimental symbiotic relationship with technology in its many forms. This paper will investigate the changes that technology has affected, and show that we are becoming less dependent on ourselves and more detrimentally dependent on our technological accomplishments. 2 Commerce and Reliability The way society does business and commerce is very dependent on the reliability on technology and thus, technology failures will cause markets to stop and bring the whole economy to a halt. Vital banking transactions and services may stop and cause...
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...The Essays of Warren Buffett: Lessons for Corporate America Essays by Warren E. Buffett Selected, Arranged, and Introduced by Lawrence A. Cunningham Includes Previously Copyrighted Material Reprinted with Permission THE ESSAYS OF WARREN BUFFETT: LESSONS FOR CORPORATE AMERICA Essays by Warren E. Buffett Chairman and CEO Berkshire Hathaway Inc. Selected, Arranged, and Introduced by Lawrence A. Cunningham Professor of Law Director, The Samuel and Ronnie Heyman Center on Corporate Governance Benjamin N. Cardozo School of Law Yeshiva University © 1997; 1998 Lawrence A. Cunningham All Rights Reserved Includes Previously Copyrighted Material Reprinted with Permission TABLE OF CONTENTS INTRODUCTION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PROLOGUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 27 I. CORPORATE GOVERNANCE. . . . . . . . . . . . . . . . . . . . . . . . . . . . A. B. C. D. E. Owner-Related Business Principles................ Boards and Managers............................. The Anxieties of Plant Closings An Owner-Based Approach to Corporate Charity. A Principled Approach to Executive Pay.......... 29 29 38 43 47 54 II. CORPORATE FINANCE AND INVESTING. . . . . . . . . . . . . . . . A. B. C. D. E. F. G. H. I. 63 Mr. Market........................................ 63 Arbitrage......................
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...The Essays of Warren Buffett: Lessons for Corporate America Essays by Warren E. Buffett Selected, Arranged, and Introduced by Lawrence A. Cunningham Includes Previously Copyrighted Material Reprinted with Permission THE ESSAYS OF WARREN BUFFETT: LESSONS FOR CORPORATE AMERICA Essays by Warren E. Buffett Chairman and CEO Berkshire Hathaway Inc. Selected, Arranged, and Introduced by Lawrence A. Cunningham Professor of Law Director, The Samuel and Ronnie Heyman Center on Corporate Governance Benjamin N. Cardozo School of Law Yeshiva University © 1997; 1998 Lawrence A. Cunningham All Rights Reserved Includes Previously Copyrighted Material Reprinted with Permission TABLE OF CONTENTS INTRODUCTION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PROLOGUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 27 I. CORPORATE GOVERNANCE. . . . . . . . . . . . . . . . . . . . . . . . . . . . A. B. C. D. E. Owner-Related Business Principles................ Boards and Managers............................. The Anxieties of Plant Closings An Owner-Based Approach to Corporate Charity. A Principled Approach to Executive Pay.......... 29 29 38 43 47 54 II. CORPORATE FINANCE AND INVESTING. . . . . . . . . . . . . . . . A. B. C. D. E. F. G. H. I. 63 Mr. Market........................................ 63 Arbitrage......................
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...EFFICIENT MARKETS HYPOTHESIS AND OTHER THEORIES OF PRICING IN FINANCIAL MARKETS Name Course Title/Code Instructor’s Name Date Efficient Markets Hypothesis and other theories of pricing in financial markets Efficient market hypothesis (EMH) is a theory that emerged in the 1960s. It states that it is difficult to predict the market since the price has been set and reflect the current market conditions. It is a disputed and controversial theory. The theory is comparable to other theories of pricing in financial markets. Several strengths and shortcomings emerge through comparison with other theories of pricing (Blinder, et al., 2012). EMH states that no stock is a better buy when compared to others. It is the conclusion that leads to random choices. It is a vital tenet of finance theory. The EMH theory has a basis in other finance theories. It follows the classical theory of asset prices. To determine the connection, a situation where stocks are considered based on good deals. According to the EMH theory, these stocks are worth more than their relative prices. The worth of a stock is the present value of the expected dividends. In this regard, an individual will buy stocks at prices that are below this level. In essence, this is buying stocks that are undervalued assets (Kapil, 2011). Classical theory The classical theory follows the belief that the price of a stock is equal to the best estimate of the stock’s value. This equality means that the undervalued stocks are not real...
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...Produce an essay plan and then write an essay that addresses the following: Outline the argument that supermarket power is a ‘zero-sum’ game. Plan Define the nature of supermarket power and summarise power over consumer society. Summarise the major supermarkets in the UK Discuss Bauman * seduced and repressed, * Supermarkets allow repressed to take part. * Evidence Peter Jacksons study pg45/46 * Allen 2009 pg 25 Concepts - Allen 2009 pg 70 * Positive sum * everybody benefits, * Leading to economic regeneration. * Evidence Pro supermarket campaigners, Linwood. * zero sum * supermarkets thrive at expense of local stores * Gain more than high street and factories. * Evidence Anti supermarket campaigners, Patrick. Conclude – power of supermarket is growing due to consumer society, biggest 4 supermarkets account for ¾ of market in UK. Evidence in social sciences. Outline the argument that supermarket power is a ‘zero-sum’ game. It is useful to describe what supermarket power is. Over the last twenty years, supermarkets have played a vital role in redefining our shopping habits. This is due to factors such as value for money, convenience and freedom of choice but it is also due to the economic domination of supermarkets themselves. Supermarket power is divided into two sectors that work alongside each other; market power - the ability to influence marketing conditions including the price...
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... Walter Goodwyn Business Environment – Apple Inc. Researching a company’s business environment will provide large amounts of data that could be used by investors, consumers, and even competitors. A company’s business environment consists of many things; this essay will review the three most important business environment factors; income statement, balance sheets, and cash flow. This essay will also compare Apple’s (#36) financial health to two of its Fortune 500, Top 50 competitors in the Information Technology (IT) industry; Hewlett Packard (HP) (#11) and Microsoft (#38) (CNN Money.com, 2011). These factors are important and provide valuable information about a company concerning its general financial health. Although financial statements are important, a company’s technological advantages, globalization, and benchmarking are also important. These topics also will be discussed in more detail throughout this essay. First, the Income statement of Apple Inc., HP, and Microsoft. Income Statement “An income statement, otherwise known as a profit and loss statement, is a summary of a company’s profit or loss during any one given period of time, such as a month, three months, or one year” (BusinessTown.com, 2003). Apple’s income statement proves its profits continue to set records...
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