...Paul Revere was a devoted patriot and eminent and legendary folk hero. He is famous for bravely rushing through the city streets on horseback warning the Lexington Minutemen and the citizens of Middlesex, that the “redcoats” or the British soldiers were coming. If it were not for Paul and his audacious and gallant actions, the British soldiers would have ambushed the citizens of Middlesex, his life would never be the same again, as well as history and life nowadays would be entirely different. Paul Revere was born on January 1, 1735 in Boston Massachusetts. Paul was a child of immigrants as his father, Apollos Rivoire was a French artisan who came to America at age 13, and his mother, Deborah Hitchborn, was from New England. Paul...
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...against the oncoming British forces. Had Revere not made the treacherous journey, the militiamen of Massachusetts wouldn’t have been prepared for the battle that commenced the American Revolution. Beginning in Boston and ending in Lexington, Paul Revere rode fifteen miles through Massachusetts on horseback in order to alert Samuel Adams and John Hancock (two other patriots) that they were to be arrested. Along the way, he also took it upon himself to forewarn the local citizens of the approaching British troops. Before setting out that night, Paul arranged for a signal to be cast from the North Church Tower, the highest point in Boston, alerting Revere of which method of approach the British were using. One lantern was to be lit and hung if the British were approaching by land, and two if by sea. Once alerted that night that the British were advancing by sea, Revere set out to the house where Adams and Hancock were hiding out, going by a precise route to avoid any Redcoats on duty. Less than an hour after warning Adams, Hancock, and other citizens, Revere was captured by British soldiers. If not for Paul Revere’s brave midnight ride, the...
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...Paul Revere helped early America in many ways and needs more recognition for some of the great things he did. Some of the great things he did include, all his work as a gold and silversmith, the many rides he took to spread information about the British, and his work with the sons of liberty. Paul is recognized for many things, but is his work with silver and gold isn't as popular of a fact as some others. He started learning how to do was make things out of gold and silver at the young age of 12. By 1758, Paul Revere had gotten recognized as a master goldsmith. Shortly after that, he made the famous liberty bowl and the engraving of the Boston Massacre. After the war was over he continued making things, like the first church bell, copper spikes and bolts for a warship, a silver tea set, the first copper rolling mill, and copper sheeting for the state house of Boston. All of these things are great accomplishments, and deserve a lot of recognition....
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...To begin with, Paul Revere was an American silversmith and a patriot. He was also an ardent colonialist. Paul was known for his bravery in protecting the safety of others. He was concerned for others safety and was was not a self centered coward. He was one of the few living witnesses to hear the first shots of of the American Revolutionary War. Revere is also known for his propaganda sketch of Boston Massacre of 1770 that helped rally the colonist behind the Revolution. In the past, he went to North Writing school in his childhood. At age twelve, he learned silversmithing from his father. He moved to Boston at the age of thirteen and was apprenticed to the silversmith, John Coney. He was an early member of the Sons of Liberty and took part in the Boston Tea Party. Revere affected the colonists by making his midnight ride to Lexington and Concord to warn the colonists that the British arrived from Boston, “The British are coming.”...
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...Revere Street Working Paper Series Financial Economics 272-18 Mean-Variance Analysis versus Full-Scale Optimization Out of Sample First Version: November 11, 2005 This Draft: December 13, 2005 Timothy Adler Windham Capital Management, LLC 5 Revere Street Cambridge, MA 02138 617 234-9459 tadler@windhamcapital.com Abstract For three decades, mean-variance analysis has served as the standard procedure for constructing portfolios. Recently, investors have experimented with a new optimization procedure, called full-scale optimization, to address certain limitations of mean-variance optimization. Specifically, mean-variance optimization assumes that returns are normally distributed or that investor preferences are well approximated by mean and variance. Full-scale optimization relies on sophisticated search algorithms to identify the optimal portfolio given any set of return distributions and based on any description of investor preferences. Full-scale optimization yields the truly optimal portfolio in sample, whereas the mean-variance solution is an approximation to the insample truth. Both approaches to portfolio formation, however, suffer from estimation error. Mean-variance analysis requires investors to estimate the means and variances of all assets and the covariances of all asset pairs. To the extent the out-of-sample experience of these parameters departs from the in-sample parameter values, the mean-variance approximation will be even less accurate. Full-scale optimization...
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...1. Recommendation A. Valuation Technique #1: Sales Comparison The Sales Comparison Method uses data from the sale of properties with similar characteristics to establish a market value for property. The characteristics analyzed may include, but are not limited to neighborhood, square footage, number of bedrooms and bathrooms. Using the online real estate database Zillow, I was able to find nine recently sold comparable properties within close proximity to the property of 2712 P St. NW, Washington, DC 2007. B. Valuation Technique #2: Discount Cash Flow Analysis a. Best The scenerio illustrated below takes into consideration that the asking price for the subject property b. Most Likely c. Worst Risk Quantification E(r)= (.01)(.1085) + (.75)(.0342) + (.15)(-.1417) E(r)= .0152 E(r)= 1.52% Θ^2= (.1085)(.0152) ^2 (.01) + (.0342)(.0152)^2 (.75) + (-.1417)(.0152)^2 (.15) Θ^2= 0.00483284 Θ^2= √(0.00483284) Θ^2= 6.95% CV= 1.52/0.0695 CV= 4.56 Z-Score = -1/4.56 Z-Score= (0.22) P(Loss)= 41.32% The quantified risk in the purchase of 2712 P St. NW Washington, DC concludes that there is a 41.32% chance that you will receive a return on 100% of capital. Valuation Technique #3: Stagier Method The Stagier Method is a quick approach to finding the value of a property. The method...
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...Revere Street Working Paper Series Financial Economics 272-18 Mean-Variance Analysis versus Full-Scale Optimization Out of Sample First Version: November 11, 2005 This Draft: December 13, 2005 Timothy Adler Windham Capital Management, LLC 5 Revere Street Cambridge, MA 02138 617 234-9459 tadler@windhamcapital.com Abstract For three decades, mean-variance analysis has served as the standard procedure for constructing portfolios. Recently, investors have experimented with a new optimization procedure, called full-scale optimization, to address certain limitations of mean-variance optimization. Specifically, mean-variance optimization assumes that returns are normally distributed or that investor preferences are well approximated by mean and variance. Full-scale optimization relies on sophisticated search algorithms to identify the optimal portfolio given any set of return distributions and based on any description of investor preferences. Full-scale optimization yields the truly optimal portfolio in sample, whereas the mean-variance solution is an approximation to the insample truth. Both approaches to portfolio formation, however, suffer from estimation error. Mean-variance analysis requires investors to estimate the means and variances of all assets and the covariances of all asset pairs. To the extent the out-of-sample experience of these parameters departs from the in-sample parameter values, the mean-variance approximation will be even less accurate. Full-scale optimization...
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...Mortgage: $450,000 20yr 8% Interest Potential Gross Income $91,200 Less: Allowance for Vacancy @ 5% 4,560 Effective Gross Income $86,640 Less: Operating Expenses Total $25,194 Real Estate Taxes 7,800 Utilities 4,330 Insurance Fee 2,600 Maintenance Fee 1,800 Management Fee @ 5% 4,332 Repairs @ 5% 4,332 Net Operating Income $61,446 Less: Annual Debt Service 45,900 BTCF from Operations $15,546 Less: Income Tax 3,003.89 ATCF from Operations $ 12,542.11 Equity Dividend Rate = BTCF / Initial Cash Outlay EDR = $15,546 / $99,000 = 0.15703 ≈ 15.7% Income Tax Calculation Mortgage: $450,000 Net operating Income $61,446 Less: Interest 35,656.01 Less: Depreciation 15,061.81 Less: Amortized Finance Costs 0 Taxable Income $10,728.18 Tax Rate @ 28% Income Tax $ 3,003.89 Cap Rate = 10.9% was given from the case. Costs: Mortgage: $450,000 Mortgage: $400,000 Acquisition Cost $ 350,000 $ 350,000 Remodeling 165,000 165,000 Real Estate Taxes (from Escrow) 1,300 1,300 Mortgage Origination Fee 4,500 0 Carrying Costs 24,700 24,700 Legal Fees 3,500 3,500 Total Cost $ 549,000 $ 544,500 Less: Mortgage Amount 450,000 400,000 Total Cash Needed $ 99,000 $ 144,500 This would require Alexander to obtain an extra $19,000 (99000-80000) if he were to take on the $450...
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...Nathalie Nouga January 20th, 2011 RE 4700 REVERE STREET (Case Analysis) Summary: Wanting to gain experience in the real estate field, Edward Alexander is looking to invest into a small income-producing apartment in the Back Bay-Beacon Hill area of Boston. He considers paying rent to someone else a waste of a capital building opportunity, given that he is building someone else’s equity. Analysis: Becoming familiar with the area is the first step Alexander did; therefore Edward Alexander checked the demographic data on age breakdowns, education, employment, marital status, income, and ethnic background of present Beacon Hill residents. He was also able to access the Multiple Listing Services to find out the price range of current properties for sale. Alexander’ search for an investment property led him to be able to find out a list of the 25 most recent sales in a particular neighborhood. Most brokers’ offices visited by Alexander were located around Charles Street, the major commercial street of Beacon Hill. He had shared that he had $80,000 in cash to invest in an income-producing property in which he hoped to live. With most properties selling for $700,000 or higher, and requiring an equity investment of about 21.5%, Alexander was about $70,000 short of cash if he found a property priced at $700,000. The market values of many building on Beacon Hill had doubled or tripled in the past ten years because it attracted engineers and doctors. Although Beacon...
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...Revere’s Role in the Revolution Paul Revere, born in Boston Massachusetts in 1734, was a silversmith and a patriotic activist that enjoyed the involvement of behind the scenes acts ("The Historic Paul Revere"). He associated in many political and public affairs such as the Sons of Liberty, American Revolution, French and Indian War, the Boston Tea Party, and the North End Caucus (“Paul Revere”). He was not a great soldier nor tactician, nor did he develop into a politician as compared to his companions and others, like John Adams (“Paul Revere”). He became legendary after his infamous ride to Lexington and the line “the British are coming, the British are coming.” (“Paul Revere”). He did, however, have many talents. Paul Revere was not just a “Midnight Ride” but a legendary hero that symbolized patriotism in the American Revolution....
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...The story of Paul Revere’s midnight ride is a tale of heroic acts and achievements. In 1775 Paul Revere was employed as an express rider by the Boston Committee of Correspondence and the Massachusetts Committee of Safety. His job was to carry news bulletins, and messages into New York and Philadelphia. On the evening of April 18, 1775, Dr. Joseph Warren requested Paul Revere to ride into Lexington, Massachusetts, to warn Samuel Adams and John Hancock that a unit of the Royal army was marching into town with the purpose of arresting them. After gaining access into Charlestown with the aid of two associates, Paul Revere borrowed a horse from his friend Deacon John Larkin. While in Charlestown, he confirmed that the "Sons of Liberty"...
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...Paul Revere By: Amelia l. Did you know that Paul Revere was also an amateur dentist? Well, he is, and in this biography about him, you will learn more about him. Paul Revere was born in Boston, MA, on January 27, 1734. He died in Boston on May 10,1818. Read on to learn more about Paul's childhood, family and impact on the world. Paul grew up in Boston and was the son of a French immigrant Apollos Rivoire. His father was a silversmith and Paul was to be one, too. He attended school, but left at 13 to be an apprentice with his father. Paul's father died shortly after, though. Paul, who was to take over his father's shop, was too young to own it himself. So at a younger age, fought as a militia officer in the French and Indian war, and when he was older, returned to claim his father’s shop as his own....
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...wrote in his poem was true. This writing will be digging into the poem to expose three myths in “Paul Revere’s Ride”. The most common mistake people make now because of this poem is that Paul Revere acted alone. This statement is false, there were more people than just Paul riding that night. One reason Longfellow wrote this in his poem could be to make it simple. If one thinks about it, it will make sense, because riding through three towns alone is hard...
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...some brief background on Paul Revere and General Gage, and then went into an extremely detailed section of the famous ride that took place on April 18, 1775 . Fischer made many rethink what we always thought we knew about the man and his “Midnight Ride”. Pauls Reveres ride is know as a legendary event in American History that began American Revolutionary War. This book is a pretty good biography of Paul Revere, it almost seam as if Fischer was on this journey with Paul. Paul Revere was the son of a French immigrant silversmith. Paul Revere began to make bells for churched then soon after that he was one of the first manufactures in American to roll large copper sheets. He was a real entrepreneur. His church bells are still around and ring every April 19 it is a tradition to ring the bells in honor of his memory. He grew up in Boston, at that time a town of 15,000 that more resembled a medieval village. Paul Revere had lots of children his first was born shortly after his first marriage, it was very common in the eighteenth century. His first wife died and six short months later...
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...Paul Revere is mostly known for his journey called “The Midnight Ride”, where he traveled from Lexington to Concord. Dr. Joseph Warren was the one who told Revere to warn Samuel Adams and John Hancock, Patriot leaders, that they were to possibly be arrested by the British and they needed to hide. Revere was to also warn the patriots of when the British were coming for them. This task was received to Revere on April 19, 1775. Paul had to come up with a way to warn the Patriots on time before the British reached them. The plan was that lanterns would be used to indicate how the British were advancing. They were to be hung in the Old North Church across the river at Charleston from patriot forces. If one lantern was hung then that...
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