The Elements of Investing_1 doc

... www.tailieuduhoc.org 8. Avoid the use of qualifiers. Rather, very, little, pretty — these are the leeches that infest the pond of prose, sucking the blood of words. The constant use of the adjective little ... draws the reader's attention to the sense and substance of the writing, rather than to the mood and temper of the author. If the writing is...

Ngày tải lên: 20/01/2014, 20:20

... out any of the pencil inside the outline of the letter, retouch it, closing it up to the inked line. The straight lines of the outline are all to be ruled,[5] 15 but the curved lines are to be ... the bottom of the crack; and the general tone of the stone surface is not so bright as the light bank of the ravine. And, therefore, if you get the...

Ngày tải lên: 06/03/2014, 01:21

... Street Bestselling author of Winning the Loser’s Game THE ELEMENTS OF INVESTING M M A A LKI E E L L E E LLI S S THE ELEMENTS OF INVESTING In his classic book The Elements of Style, Professor William Strunk ... the failure of the majority of mutual fund managers to exceed the returns of low - cost, passive, market - matching index strategies. The document...

Ngày tải lên: 20/06/2014, 20:20

... at the end of the period. While a total of exactly $ 5,000 is invested in both cases, the investor in the volatile market ends up with $ 6,048 — a nice return of $ 1,048 — even though the ... fans of dollar cost averaging because the strategy is not optimal if the mar- ket does go straight up. (You would have been better off putting all $ 5,000 into the market at...

Ngày tải lên: 20/06/2014, 20:20

... measure the rate of return produced for their investors as well as all the costs charged and the implicit costs of portfolio turnover — the cost of buying and selling portfolio holdings. We then ... prices of stocks. It is true that the market sometimes makes mistakes — often egregious ones such as the overvaluation of high - tech and Internet stocks at the turn...

Ngày tải lên: 20/06/2014, 20:20

... 10:16:21 AM 116 The Elements of Investing in the United States. It excludes the 30 percent made up of smaller companies, many of which are the most entre- preneurial and capable of the fastest future ... leave most of her estate to her children or grandchildren. The appropriate allocation for those plan- ning bequests should be geared to the age of the recipi- e...

Ngày tải lên: 20/06/2014, 20:20

... exactly the wrong time. More money went into equity mutual funds dur- ing the fourth quarter of 1999 and the fi rst quarter of 2000 — just at the top of the market — than ever before. And most of ... most of the money that went into the market was directed to the high technology and Internet funds — the stocks that turned out to be the most overpriced...

Ngày tải lên: 21/06/2014, 08:20