...Header: Psychology Title: The Myth of Emotionless Trading Sub-title: It may be impossible to shut emotion out of your trading decisions, but you can master the emotions that hinder profits. Frank Kollar looks at the emotions that accompany the decisions that must be made in trading. The winning market timer is cold, calculating and unemotional. Sound a bit unreal? Maybe it is, but the reality is that it is important to control your emotions, rather than let them interfere with your trading decisions. We have written many times about fear and greed and how they are the true motives behind market behavior. Fear and greed may control the masses, but if they are allowed to control you, you become one of the millions who cannot understand why they cannot make a profit when, supposedly, everyone else is. There are also other emotions, such as anger and disappointment that can influence your decisions. Emotions may interfere with discipline and sound decision making. But, they are not “all-powerful.” You can master and control them. Fight Or Flight It is reasonable to be fearful when real money is on the line. That is why winning market timers protect themselves by trading with a detailed market-timing strategy. Timing strategies are not affected by the emotions of the masses, and they are also designed to manage risk. When you know your strategy works over time and is designed to minimize risk, you can execute the buy and sell signals effortlessly and with less fear. You...
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...watchdog reporting. The constitutional and legal protections for a free press as well as access to government-held information give journalists not only the right, but also the tools with which to monitor government." It has taken root in the Balkans, for example, but not in Myanmar. With its turn to market liberalisation, China now has watchdog journalism, fuelled by profitability in the wake of government reductions in subsidies. In addition to political liberalisation, competitive media markets, and degrees of social and political ferment, journalistic and entrepreneurial agency is a factor, fostered by the protection of journalists from physical harm, jail, harassment through lawsuits, and restrictions on access to information. The watchdog and the market: The contradictory nature of the market is described as: "On one hand, market liberalization and competition have encouraged the emergence of, and in many places, also sustained, investigative reporting. But at the same time, market pressures are a major obstacle to its continued viability.” Where donor funding is available, non-profits sometimes take on the watchdog role. "They fill a gap in media systems where market, ownership, or political pressures make investigative reporting by commercial or state-owned media difficult if not impossible. These centers are involved in training and reporting and serve as models of excellence that are helping raise the standards of local journalism. Elsewhere, startup ventures...
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...Introduction This book is a reiteration of Sun Tzu’s philosophy from the ancient book The Art of War which is one of the oldest and most successful books on military strategy. It influenced eastern military thinking and emphasized the most efficient way of gaining victory with the least amount of conflict. The original text is purposely made obscure and difficult to understand, so that Sun Tzu remained employed, as the king would need him for interpretation. Although it has a mixture of profound philosophy and detailed tactical prescriptions that are great for battles about 2500 years ago, the book is also useful today. The teaching of Sun Tzu is powerful: it will not only instruct us, but also reveal where we stand and how to approach a problem, how to deal with adversity, and how to handle the whims of fate. The author, Chin-Ning Chu, perfectly applied Sun Tzu’s theory to integrate our styles and personal philosophy into every action we take. She provided examples, references, and anecdotes that were not available in the original book The Art of War. This book is written particularly for women because women have the ability to negotiate and they are able to be modest and understand that silence is golden. This book will guide us to use the full spectrum of the strategies that are contained in Sun Tzu’s The Art of War with a holistic approach to winning. This book contains 13 chapters and our team covered chapter 1 through 6. Book Summary Chapter...
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...veloria ja mes c. anderson and james a. narus idea s at work bill gross first person BUSINESS MARKETING: UNDERSTAND WHAT CUSTOMERS VALUE THE NEW MATH OF OWNERSHIP PETER F. DRUCKER 98607 hbr cl a ssic THE DISCIPLINE OF INNOVATION peter l . bernstein 98601 98604 bo oks in review ARE NETWORKS DRIVING THE NEW ECONOMY? 98602 Before you can understand the industry, you must first separate myth from reality. HOW VENTURE CAPITAL WORKS BY BOB ZIDER nvention and innovation drive the U.S. economy. What’s more, they have a powerful grip on the nation’s collective imagination. The popular press is filled with against-all-odds success stories of Silicon Valley entrepreneurs. In these sagas, the entrepreneur is the modern-day cowboy, roaming new industrial frontiers much the same way that earlier Americans explored the West. At his side stands the venture capitalist, a trail-wise sidekick ready to help the hero through all the tight spots – in exchange, of course, for a piece of the action. As with most myths, there’s some truth to this story. Arthur Rock, Tommy Davis, Tom...
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...ANCIENT INDIAN MANAGEMENT SYSTEMS & PRACTICES The management of organizations including people management — is turning out to be a challenging task in the present international scenario. As a science, management is developing at a phenomenal pace. The political, economic, and social environments are all changing at an equally rapid speed. “For our purposes the word mythology has two related meanings. Firstly it refers to a collection of myths that together form a mythological system. Thus one can speak of "Egyptian Mythology", "Indian Mythology", "Maori Mythology" or "Greek Mythology". In this sense one is describing a system of myths which were used by a particular society at some particular time in human history. It is also possible to group mythologies in other ways” By Bernard Doyle Myth is subjective truth. Management is about people. Every person has a subjective truth. So connecting the two made sense. Though mythology may seem an odd source to take management reference but Indian Mythology is one of the richest elements of Indian Culture and also has an effect on the individual living in India. So does it affect the Indian managers to deal with situations that they come across. Indian mythology tells us about various Indian management system and practices some of them are:- Improvisation Improvisation means to perform from material and sources available at a particular time without any prior planning. “The only certainty is that nothing is certain” Pliny...
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...2 The Entrepreneurial Process "Who can be on entrepreneur you ask? Anyone who wants to experience the deep, dark canyons of uncertainly and ambiguity, and who wonts to walk the breathtaking highlands of success. But caution, do not plan to walk the Iotter until you hove experienced the former" An entrepreneur Results Expected Upon completion of this chapter you will have: l. Developed a definition of entrepreneurship and the entrepreneurial process that spans lifestyle to high potential ventures. 2. Examined the practical issues you will address and explore throughout the book. 3. Learned how entrepreneurs and their financial backers get the odds for success in their favor, defYing the pattern of disappointment and failure experienced by many. 4. Examined the Timmons Model of the entrepreneurial process, how it can be applied to your entrepreneurial career aspirations and ideas for businesses, and how recent research confirms its validity. Demystifying Entrepreneurship Entrepreneurship is a way of thinking, reasoning, and acting that is opportunity obsessed, holistic in approach, and leadership balanced. 1 Entrepreneurship results in the creation, enhancement, realization, and renewal of value, not just for owners, but for all participants and stakeholders. At the heart of the process is the creation and/or recognition of opportunities, 2 followed by the will and initiative to seize these opportunities. It requires a willingness to take risksboth personal and financial-out...
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...this causes even more excruciating pain and rage. But a whole world is now revealed. After getting accustomed and acclimatized, the former prisoner feels lucky for the transformation and wisdom and feels sorry for the prisoners in the cave. He goes back to help them, but back in the cave, none of them believe what this freed man describes. People with big ideas that challenge other’s reality, lifestyle and worldview are often ridiculed and killed. Plato and Aristotle are the heart and soul of western...
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...by many cultures. In today’s business environment where there are limited resources and competition is fierce, it is understood that he who invents first or gives the customer what he wants first will emerge the winner. The determination to be the first and the understanding of the importance inspires the concept known as the first mover (Ya-De Wong, 2003). As the name implies, first movers are predicted to gain considerable advantages over their competition by acting early, as it is said the early bird gets the worm. Businesses that are in the network or electrical industry may have the ability to place barriers on other entrants into the market and can even make it impossible for the competition to follow. Being early may also allow a company to capture a large portion of the market share by being the only one of its kind on the market and also create brand loyalty and customer recognition. By the time the competition decides to follow, the first mover would have already been branded as the pioneer in the industry and would have cost advantages in infrastructure and distribution systems (Ya-De Wong, 2003). As a pioneer,...
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...Chapter 2 Financial Reporting and Analysis REVIEW Financial statements are the most visible products of a company’s financial reporting process. The financial reporting process is governed by accounting rules and standards, managerial incentives, and enforcement and monitoring mechanisms. It is important for a user of financial information to understand the financial reporting environment along with the accounting information presented in financial statements. In this chapter, the concepts underlying financial reporting are discussed with special emphasis on accounting rules. Next the purpose of financial reporting is discussed – its objectives and how these objectives determine both the quality of the accounting information and the principles that underlie the accounting rules. The relevance of accounting information for business analysis and valuation is also discussed and limitations of accounting information are identified. Last, accrual accounting is discussed including the strengths and limitation of accruals, and the implications of accruals for financial statement analysis. OUTLINE | | |Financial Reporting Environment | |Statutory Financial Reports ...
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...ABC of Preferential Trade Agreements Frequently Asked Questions Monographs on Globalisation and India Myths and Realities, #14 ABC of Preferential Trade Agreements Frequently Asked Questions Monographs on Globalisation and India Myths and Realities, #14 Published by CUTS Centre for International Trade, Economics & Environment D-217, Bhaskar Marg, Bani Park Jaipur 302 016, India Email: citee@cuts.org Website: www.cuts-international.org/www.cuts-citee.org Researched and compiled by Kritika Kapil* Printed by Jaipur Printers P. Ltd. Jaipur 302 001 © CUTS International, 2009 * Research Assistant, CUTS CITEE Niru Yadav, Senior Research Associate, CUTS International contributed to this Monograph. #0914 Contents Preface .......................................................................................................... i Introduction ............................................................................................... iii 1. 2. 3. 4. 5. 6. 7. 8. 9. What is a PTA? What are the Different Types? ............................ 1 What has led to the Growth of PTAs? .......................................... 5 How have PTAs Evolved? ............................................................ 6 How are PTAs Inconsistent with GATT Rules? ............................ 9 What are Rules of Origin? ........................................................... 11 What are Negative and Positive List Approaches? ..................... 13 What are the...
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...fulfillment of the requirement of Certification Course in Capital and Financial Markets Submitted by: Name: Karthik L.Reddy Roll No. 5 OCPCFM Batch June 2012 Under the Guidance of: Dr. J. Symss Indian Institute of Foreign Trade New Delhi 1 INDEX Serial No. 1 2 Executive summary Objectives Introduction Advantages and Disadvantages Types of Funds Managing a portfolio of funds MF industry in India Topic Page Numbers 4 5 6 9 12 15 21 26 27 28 4 Chapters 5 6 7 Conclusion References Appendix 2 APPENDIX Appendix No. Appendix 1 Appendix 2 Appendix 3 Description Major MF Companies in India and Top Funds Introduction to AMF India Knowing the Prospectus Page Numbers 28 31 33 3 EXECUTIVE SUMMARY This report – “Mutual Funds and their role in portfolio management” would help the readers take advantage of an excellent investment vehicle: mutual funds — the best of which offer you diversification, which reduces your risks, and low-cost access to outstanding money managers, who boost your returns. The topic has been chosen to provide a detailed introduction to the world of mutual funds along with the jargon associated with it, the various types of mutual funds available in today’s market. Mutual funds play a vital role in any investment portfolio. So managing a portfolio of funds becomes very critical for any investor – small or big, short-term or long-term. There are several myths and misconceptions regarding mutual funds and the various investment strategies...
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...for humans, they has an impact on characteristic to work and every day life. For lows, it is convention for country activities including economic activities and business. Therefore economics, political, social and lows are closely bound in terms of relationship. Technology environment refers to new knowledge factor in the world such as sciences or engineering and including strategic management because marketing competition enforce each country to invent new knowledge or know-how benefit for its own business development. Each country that has new knowledge must create new products; have low capital and high efficiency in order to keep pace with the international competitors and to respond the customers’ needs in the international market. When the country enters into international business, they must encounter risks in international business, which can be listed as four categories as following; Country risk is associated with intervening of the government, protectionism, trading and investing barriers, social disturbance and instability of politics, economic malfunction and unorganised, unsatisfied of foreign companies in legal sanction, bureaucry, managerial postponements and bribery,...
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...MARKETING FUNDAMENTALS (BMAN 70441) University Student ID: 7922185(0) Application of the marketing mix is no longer relevant for firms adopting a contemporary approach to marketing. Is this statement true? Write an essay that critically assesses this statement with reference to relevant literature and briefly outline suitable practical examples of firm’s practices where appropriate. Introduction Marketing developed as a distinctive management function in the period between the First World War and the Second World War (Lindgreen et al., 2004) which according to Marshall (1927) focused purely on distribution and exchange of goods. Period through the 1950s and 1960s as observed by (Borden, 1964) saw a tremendous increase in the evolution and interest in the subject of marketing, leading to the development of the concept of transactional marketing. The Marketing Mix Model also called as transaction marketing has been used as a corner stone of marketing for virtually four decades (Grönroos, 1994). Since its inception, McCarthy’s (1964) Four Ps- Product, Promotion and Place have been of utmost importance in the marketing management text (Yudelson, 1999). The model has seen little change since 1950s and as time has progressed; goods and services have noticeably transformed, both in terms of appearance and perceived value (Grönroos ,1994). Piller and Müller (2004) further observed that the customers had changed...
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...2012 – The Facts Hi there, Thank you for making the effort to become more informed about 2012! The 2012 meme is huge. Hundreds of books have been written, numerous documentaries have been made, and of course there was a blockbuster movie. Unfortunately the facts have been deeply buried, and virtually every piece of information you come across is speculation and trickery, disguised as fact. The aim of this article is to ignore all the extreme speculations and fabrications, and just present the known facts. Plus I’ll throw in some of the more plausible scenarios, to help you understand what might soon be upon us. Everything that follows is either accepted fact, or will be denoted as being disputable or an opinion. Regards, Robert Bast - Melbourne, Australia, 2010 The Long Count Calendar The ancient Mayans had roughly 20 calendars, all of which were short in duration, with the cycles equating to astronomical phenomena, or were intended to relate to history repeating over and over again via prophecy. Except for the Long Count calendar. The Long Count is the Mayan equivalent of our calendar, in that it assigns unique dates over a long period of time. A short numerical description (like 12/6/1976 in our calendar) pinpoints a place in time. Unlike our calendar, which starts with the birth of Christ and heads towards infinity in two directions, the Long Count has a definite beginning and a definite end. The start date of the Long Count calendar rarely gets a mention...
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...International Journal of Contemporary Hospitality Management Emerald Article: Teaching human resource management in hospitality and tourism: a critique Tom Baum, Denis Nickson Article information: To cite this document: Tom Baum, Denis Nickson, (1998),"Teaching human resource management in hospitality and tourism: a critique", International Journal of Contemporary Hospitality Management, Vol. 10 Iss: 2 pp. 75 - 79 Permanent link to this document: http://dx.doi.org/10.1108/09596119810207228 Downloaded on: 24-09-2012 References: This document contains references to 19 other documents Citations: This document has been cited by 5 other documents To copy this document: permissions@emeraldinsight.com This document has been downloaded 4078 times since 2005. * Users who downloaded this Article also downloaded: * Tom Baum, Vanessa Amoah, Sheryl Spivack, (1997),"Policy dimensions of human resource management in the tourism and hospitality industries", International Journal of Contemporary Hospitality Management, Vol. 9 Iss: 5 pp. 221 - 229 http://dx.doi.org/10.1108/09596119710172615 Philip Worsfold, (1999),"HRM, performance, commitment and service quality in the hotel industry", International Journal of Contemporary Hospitality Management, Vol. 11 Iss: 7 pp. 340 - 348 http://dx.doi.org/10.1108/09596119910293240 Peter Haynes, Glenda Fryer, (2000),"Human resources, service quality and performance: a case study", International Journal of Contemporary Hospitality Management, Vol. 12...
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