the six pillars of 6s

... most of the above studies show evidence of performance con-sistency in one corner of the professional heap—the bottom Moneymanagers who are in the bottom 20% of their peer group tend to staythere ... Obviously, the magni-tude of impact costs depends on the size of the fund, the size of thecompany, and the total amount transacted As a first approximation,assume that it is equal to the spread The ... miles of seabed But when their estimates were aver-aged together, its position was pinpointed to within 220 yards In otherwords, the market’s estimate of the proper price of a stock, or of theentire

Ngày tải lên: 20/06/2014, 20:20

... on the horizontal axis, at the bottom of the graph, represent risk. The further off to the left a portfolio lies, the more money it lost in 1973–74, and the riskier it is likely to be in the ... composed of various kinds of assets in order to see what happens to them as the market fluctuates. How we compute the behavior of these portfolios is beyond the scope of this book; for those few of ... a map of portfolio return versus risk. The numbers along the left-hand edge of the vertical axis represent the annualized portfolio returns. The higher up on the page a portfolio lies, the higher

Ngày tải lên: 20/06/2014, 20:20

... the province of the rich. Only they could afford the exorbitant fares of the coach com- panies, or if truly wealthy, their own coach-and-six. And even then, the poor quality of the roads and public ... the societal benefit of the railroads was immeasurable, allowing the settling and growth of the breadth of the continent The financial rewards from the railroads went to the ... mood at the time: I have enquired of some that have come from London, what is the religion there? They tell me it is the South Sea stock. What is the policy of England? The answer is the same.

Ngày tải lên: 20/06/2014, 20:20

... pri-vate preserve of the member firms, free of government regulation In the drama of the October 1929 crash, Whitney was the closest thingWall Street had to a popular hero At the height of the bloodshed ... only titan of finance who found himself a guest of thestate, however, and many of the most prominent players of the 1920smet even more ignominious ends The moral for the actors in the recent ... state ofnature, but not in the world of finance Consider the following: • In one study, 81% of new business owners thought that they had a good chance of succeeding, but that only 39% of their

Ngày tải lên: 20/06/2014, 20:20

... chimera: the man inthe moon, the face of your Aunt Tillie in the clouds scudding over-head Ignore them When dealing with the markets, the safest andmost profitable assumption is that there are ... quot- ed in the newspaper held on to them They eventually did wellbecause they did not have to face their losses on a regular basis in thefinancial pages On the other hand, holders of corporate ... have a bit of drypowder with which to take advantage of low prices.” At the end of the day, the intelligent investor knows that the viscer-al reaction to short-term losses is a profoundly destructive

Ngày tải lên: 20/06/2014, 20:20

... generalizedlack of knowledge of three of the four pillars—investment theory, his-tory, and psychology Toss in the inevitable luck of the draw, andmany will have long-term real returns of less than ... knew the ins and outs of the fund playbook—theInvestment Company Act of 1940—as well as Jack Bogle Among otherthings, the Act mandated that the fund directorship be separate fromthat of the companies ... Management, and the like. On the other hand, the folks at the top of the greasy pole—the ular columnists for the major national periodicals—are usually well-informed and smart enough to understand the futility

Ngày tải lên: 20/06/2014, 20:20

... within the sheltered (retirement) part of the portfolio she chooses. On the other hand, if she invests all of the money in stocks, then she will be able to invest only the tax-sheltered 10% of it ... deferral of taxation, the all-taxable investor will want a higher portion of stocks than the all-sheltered investor, all other things being equal. Finally, there is the all-too-common situation of the ... There are the obvious ques- tions of how much you will have and what your needs will be (and even more importantly, the ratio of the former to the latter), but in terms of portfolio design, the

Ngày tải lên: 20/06/2014, 20:20

... most of what these poor folks traded, and my guess is thatmany of them had recently been on the phone to Momma inquiringabout the availability of their old room On the other hand, if only 2% of ... 1.0741 Therefore, the unrebal- anced return is 7.41% The calculation of the unrebalanced return is the source of not a little mischief Many mistakenly calculate it as the weighted average of the ... periods of one year or less, thereverse seems to be true—the best performers tend to persist, as dothe worst.Thus, you should not rebalance too often The most extreme ple of the advantage of waiting

Ngày tải lên: 20/06/2014, 20:20

... the investment world turned upsidedown as the bubble in tech stocks burst, taking much ofthe rest of the market with it In the subsequent eight years, another full marketcycle took place A massive ... creditinflated the value of nearly all assets—not only of stocksand bonds of all descriptions, but also of houses, com-mercial real estate, and commodities This bubble thenled to the second-worst ... deliver thesalutary results that they have in the past Trang 11What, then, have we learned since 2002? For the mostpart, the recent turmoil has reinforced the themes empha-sized in this book:•

Ngày tải lên: 20/06/2014, 20:20

... figures: where, when, how, what All the facts and figures: where, when, how, what and who and who ❂ The objective or goal of the assignment: The objective or goal of the assignment: what we what ... Step 1. DEFINE THE TASK DEFINE THE TASK What would we need to know about the What would we need to know about the assignment before we accept? assignment before we accept? ❂ All the facts and ... precede precede the training course, as well. the training course, as well. [...]...Step 5 WORK THE PLAN   Be sure you are ready Review the previous steps  Do it! Hold the training course

Ngày tải lên: 26/11/2014, 15:22

... bums.However, every single damn one of them shares the same set of beliefs, including me On top of this,the more they give into these beliefs, the richer they become These are beliefs that poor people ... finding financial freedom in thepast and replace them with the same beliefs that successful people have These beliefs are the pillarsthey live by and the backbones of their success You know that ... challenges These kinds of people don’t believe they can accomplishanything because they don’t think they deserve it Because of this, they never act or take risks and,because of that, they never reach their

Ngày tải lên: 20/01/2020, 07:56

... conquer their fears, accept the fact thatthey themselves and all the things they encounter are transitory, and embrace the beauty and pleasure of the world.” The rediscovery of this poem in the fourteenth ... 7Prologue: What Is the Mosaic Principle? PART 1 WHY BUILD A BROADER LIFE AND CAREER? 1 The Saint and the Sinner: The Six Dimensions of the Mosaic Principle 2 The Perils of Depth, the Gifts of Breadth: ... win the Nobel Peace Prize—he won the Nobel Prize in Literature As author of the four-volume History of the English-Speaking Peoples and the six-volume The Second World War—as well as many other

Ngày tải lên: 20/01/2020, 11:30

... finding financial freedom in the past and replace them with the same beliefs that successful people have These beliefs are the pillars they live by and the backbones of their success You know that ... more out of life Listen to them talk about that business they will start when they find the time Listen to them worry about simple bills and fret over the price of dinner at a restaurant These people ... any of these other pillars and attempt to make them a part of your life, you must adopt the one pillar that you can use right now, no matter where you are in your life or your business This is the

Ngày tải lên: 03/03/2020, 10:04

... Is the Mosaic Principle? PART WHY BUILD A BROADER LIFE AND CAREER? The Saint and the Sinner: The Six Dimensions of the Mosaic Principle The Perils of Depth, the Gifts of Breadth: Doing What the ... win the Nobel Peace Prize—he won the Nobel Prize in Literature As author of the four-volume History of the English-Speaking Peoples and the six-volume The Second World War—as well as many other ... to their life and career—and there are more than a few of them—are following what I call the Mosaic Principle The word “mosaic” derives originally from the Greek word mouseios, “belonging to the

Ngày tải lên: 03/03/2020, 10:51

... Is the Mosaic Principle? PART WHY BUILD A BROADER LIFE AND CAREER? The Saint and the Sinner: The Six Dimensions of the Mosaic Principle The Perils of Depth, the Gifts of Breadth: Doing What the ... win the Nobel Peace Prize—he won the Nobel Prize in Literature As author of the four-volume History of the English-Speaking Peoples and the six-volume The Second World War—as well as many other ... to their life and career—and there are more than a few of them—are following what I call the Mosaic Principle The word “mosaic” derives originally from the Greek word mouseios, “belonging to the

Ngày tải lên: 15/08/2020, 11:13

... finding financial freedom in the past and replace them with the same beliefs that successful people have These beliefs are the pillars they live by and the backbones of their success You know that ... my opinion on the smartest way to go about becoming rich for life while mitigating much of the risk Keep in mind that there are tons of exceptions to these ideas and dozens of other ways to start ... hours a day They make just enough money to pay their bills, but never enough to get everything they want Then, they go back through the horrible traffic, watch mindless TV until they fall asleep,

Ngày tải lên: 15/08/2020, 11:13

... alone, 88 of tiling, 92 by straightedge and compass, equilateral triangle, 42 of irrational length, 11 of parallel, of perpendicular, of product of lengths, 10 of quotient of lengths, 10 of regular ... The parallel axiom 2.2 Congruence axioms 2.3 Area and equality 2.4 Area of parallelograms and triangles 2.5 The Pythagorean theorem 2.6 Proof of the Thales theorem ... regular n-gon, of regular 17-gon, 19 of regular pentagon, 18, 41 of regular polyhedra, 18 of right-angled triangle, 37 of square, of given area, 33, 38 of square root, 38, 40 217 of square tiling,

Ngày tải lên: 07/09/2020, 14:52

... ideas. The next success factor was the internal team at 3M who put the process together. It was a diverse team of people who were open to the idea of linking the learning platform to the strategy. They were ... visibility to the strate- gic plans of each of the businesses, their key objectives—growth, profitability, and so forth—and the major challenges to achieving them. The chief learning of cer (CLO) ... discipline was practiced and the overall effectiveness of the learning intervention. Here we provide a brief introduction to each of the six disciplines. In the remainder of the book, we dedicate a...

Ngày tải lên: 10/02/2014, 18:32

... 1. Sin of the Hidden Trade-Off 2. Sin of No Proof 3. Sin of Vagueness 4. Sin of Irrelevance 5. Sin of Fibbing 6. Sin of Lesser of Two Evils The Six Sins of Greenwashing TM ” ... of the Hidden-Trade Off 57% The Sin of Irrelevance 4% The Sin of Fibbing 1% The Sin of Lesser of Two Evils 1% The Sin of Vagueness 11% The Sin of No Proof 26% © 2007. TerraChoice Environmental ... The Six Sins Of Greenwashing TM 2. Look For Evidence of Any of the Six Sins” By Asking the Following Questions: a) Is the “green” claim restricted to just one, or a narrow set of...

Ngày tải lên: 06/03/2014, 21:20

... touching the fingers of the secret; and always, when he came near it, it had a little bit the smell of the pit. For he had pegged out all the main points of the history of man; or rather most of the ... gain admittance. But there could be no entertainments in the clubs. There was nothing there but the little bar room in the near darkness. The man was there, and then he was not, and then he was there again. And ... before the people the by the reason that they had—counted by sixes and twelves. But Sixty is the number of time, divisible by both, for both must live together in time, though not on the same...

Ngày tải lên: 15/03/2014, 06:20