Investing in Mutual Funds when Returns are Predictable DORON AVRAMOV AND RUSS WERMERS* First draft: May 26, 2004 This Revision: April 21, 2005 *Doron Avramov is from the University of Maryland, e.mail:davramov@rhsmith.umd.edu, Tel: 301405-0400, and Russ Wermers is from the University of Maryland, e.mail: rwermers@rhsmith.umd.edu, Tel: 301-405-0572. We thank seminar participants at Copenhagen Business School, George Washington University, Inquire-UK and Inquire-Europe Joint Spring Conference, Institute
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Steven Weinberg: “Against Philosophy” (from “Dreams of a Final Theory”). Physicists get so much help from subjective and often vague aesthetic judgments that it might be expected that we would be helped also by philosophy, out of which after all our science evolved. Can philosophy give us any guidance toward a final theory? The value today of philosophy to physics seems to me to be something like the value of early nation-states to their peoples. It is only a small exaggeration to say that
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August 3, 2007. Some analysts claimed the “sale” actually involved DaimlerChrysler paying Cerberus to take Chrysler off its hands. After the sale, DaimlerChrysler planned to rename itself Daimler AG and focus its efforts on its production of commercial trucks and its Mercedes brand of cars. Three other groups in addition to Cerberus also made offers to buy Chrysler, but in the end Cerberus was the winner. The question some might ask is why would anyone have wanted to buy Chrysler? It had lost money in
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August 3, 2007. Some analysts claimed the “sale” actually involved DaimlerChrysler paying Cerberus to take Chrysler off its hands. After the sale, DaimlerChrysler planned to rename itself Daimler AG and focus its efforts on its production of commercial trucks and its Mercedes brand of cars. Three other groups in addition to Cerberus also made offers to buy Chrysler, but in the end Cerberus was the winner. The question some might ask is why would anyone have wanted to buy Chrysler? It had lost money in
Words: 18573 - Pages: 75
August 3, 2007. Some analysts claimed the “sale” actually involved DaimlerChrysler paying Cerberus to take Chrysler off its hands. After the sale, DaimlerChrysler planned to rename itself Daimler AG and focus its efforts on its production of commercial trucks and its Mercedes brand of cars. Three other groups in addition to Cerberus also made offers to buy Chrysler, but in the end Cerberus was the winner. The question some might ask is why would anyone have wanted to buy Chrysler? It had lost money in
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THE B L A C K SWAN The HIGHLY I mpact IM of the PROBABLE Nassim Nicholas Taleb U.S.A. $26.95 Canada $34.95 is a highly improbable event with three principal characteristics: It is unpre dictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9 / 1 1 . For Nassim Nicholas Taleb, black swans underlie
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Economic Action and Social Structure: The Problem of Embeddedness Author(s): Mark Granovetter Source: American Journal of Sociology, Vol. 91, No. 3 (Nov., 1985), pp. 481-510 Published by: The University of Chicago Press Stable URL: http://www.jstor.org/stable/2780199 . Accessed: 18/10/2013 11:39 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that
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The WACC Fallacy: The Real Effects of Using a Unique Discount Rate 1 Philipp Kr¨ ger u Geneva Finance Research Institute - Universit´ de Gen`ve e e Augustin Landier Toulouse School of Economics David Thesmar HEC Paris and CEPR First Version: February 2011 This Version: September 2011 We greatly appreciate comments and suggestions by Malcolm Baker, Andor Gy¨rgy, Owen Lamont, o Masahiro Watanabe, Jeff Wurgler and seminar participants at the NBER Behavioral Finance Spring Meeting, the
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William & Mary Law Review Volume 45 | Issue 4 Article 5 A Pattern-Oriented Approach to Fair Use Michael J. Madison Repository Citation Michael J. Madison, A Pattern-Oriented Approach to Fair Use, 45 Wm. & Mary L. Rev. 1525 (2004), http://scholarship.law.wm.edu/wmlr/vol45/iss4/5 Copyright c 2004 by the authors. This article is brought to you by the William & Mary Law School Scholarship Repository. http://scholarship.law.wm.edu/wmlr A PATTERN-ORIENTED APPROACH TO FAIR USE MICHAEL J. MADISON*
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Chapter 1 Introduction to Educational Research LEARNING OBJECTIVES To be able to Explain the importance of educational research. List at least five areas of educational research. Explain the difference between basic and applied research. Describe evaluation research, action research, and critical theory research. Discuss the different sources of knowledge. Visit the study site for an interactive concept map. Explain the scientific approach to knowledge generation. Explain how
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