Value Stock Versus Growth Stock Essay Example | Topics and Well Written Essays - 1500 words

Value Stock Versus Growth Stock - Essay Example In real world, there are more risks involved than just one of type of risk. Market sensitivity is an important risk but that cannot alone be used in order to compute the intrinsic value of stocks and hence by relying on only this type of risk, we are actually making the things more simple than they really are and not accounting for important risk elements which lead to faulty analysis and intrinsic value determination of stocks. This can lead to poor decision making and by relying just on Capital Asset Pricing model, investors stand a chance of losing their hard earned money because they are not account for all types of risk that should be included in their investment. All of this debate shows that investors should not just pick the blue chip stock but also first try to classify stocks into value or growth stocks and then create a portfolio on the basis of a strategy called â€Å"Dogs of the Dow† and keep on making structural changes to their portfolios based on the results an nounce. This way they are not only diversifying, but also upgrading the return on their investments. 2) There are several factors that account for Risk and Returns according French and Fama. Risks are basically of three types. The first type of risk is beta or market volatility. The second type of risk is investing in small versus big stocks, and the final type of risk is investing in growth versus value stocks. The reason why these factors are considered is because these are three main alternatives investment strategies that an investor can choose. Investor can invest either in stocks which have high beta or low beta. However, this decision will be made according to the expectation of the investor. If the investor is expecting the market to fall then negative correlation with market in a stock would be preferred. However, if the investor thinks that the market is going to climb upwards then it is better for the investor to invest in stock having a positive correlation with the mark et. In either case, the investor is speculating market to perform either way. If the investor chooses to invest in large company, then there are chances that the growth of these stocks would be much less than a new aggressive company. Hence, the investor would not be able to make quick capital gain in these stocks, but stream of income in the form of dividends would be quite high if the investor chooses to invest in a stock of a large company. Similarly, if the investor chooses to invest in the value stock there are chances that the investor would earn high returns, but there are also chances that the investor would not be able to earn any return on these stock. This is in line with Warren Buffets’s and EMH investment theories which state â€Å"Buy the sells and sell the buys† . The fundamental behind this theory is the fact that stocks which have never performed in the past will perform in the future whereas stocks which have performed well in the past will not be per forming as brilliantly as they have done before. Hence, it is better to buy stocks of companies which are relatively lagging behind the blue chip stocks. In other words it is better to buy the dogs of today than stars of the past. 3) Capital Assets pricing model is based on just one facet of the risk return model. This risk is represented by beta and can be explained as stock

Interview Essay Example | Topics and Well Written Essays - 1250 words - 9

Interview - Essay Example Jan Fitters is one of the managers of Philips Lighting. In this interview he has discussed his managerial styles, motivational ways, ethical problems etc. All of these things will be highlighted in this essay. The manager, Jan Fitter uses participative management style for managing his subordinates effectively. This is also known as democratic style which helps the manager in establishing consensuses and commitment among the employees. A large number of employees work under Jan Fitters. He is responsible for managing, encouraging and motivating the employees. For this reason the manager has created a good relationship with the employees for understanding them properly. He takes input from his subordinates for developing any business plans and decisions. He always encourages employees for participating in decision making processes. All of the subordinates of Jan Fitters work in teams. Therefore the participative management style used by this manager help the employees in doing their teamwork efficiently. This management style also increases employee involvement and participation in different functions and processes of the company. Jan Fitters improves the communication and co-ordination am ong the employees by using participative management style. These processes facilitate him in developing innovating and creative ideas which help the company in increasing its revenues and sales. While developing strategies the manager takes consent from the employees. By this way he makes the employees feel that they hold important positions in the company and the growth and development of the company cannot take place without their participation. The manager, Jan Fitters of Philips is very efficient in managing and using team projects. He first determines the objectives and the purposes of the team project for making the teamwork effective. He

Compare and Contrast each of the diseases Essay

Compare and Contrast each of the diseases - Essay Example Both Parkinson’s (PD) and Alzheimer’s (AD) diseases are common neurodegenerative disorders (Beal, 2005). While the prevalence of AD increases with age, there is not much increase in case of PD. AD has a prevalence of about 1% among those between 65 to 69 years of age (Hy & Keller, 2000) while PD has a prevalence of 0.5 to 1% in this age group (Nussbaum & Ellis, 2003). However, the prevalence of AD is 40 to 50% among those 95 years of age and over (Hy & Keller, 2000) and that of PD is only 3% in those 80 years of age and older (Nussbaum & Ellis, 2003). Both these conditions result due to loss of neurons in parts of brain. AD particularly affects neurons in the cortex and the hippocampus (Mc Khann, Drachman, Folstein, Katzman, Price & Stadlan, 2003) while PD affects neurons in the substantia nigra (Nussbaum & Ellis, 2003). AD presents mainly with progressive impairment in memory. There is impairment of judgement, decision making, concentration, orientation and language. T he patient can present with agitation, psychosis, depression, apathy, disinhibition, anxiety, delusions, purposeless behavior, and disorders of sleep and appetite (Cummings & Back, 1998). Of all these, agitation is the most common symptom and psychosis is seen in 30-60% of the patients. The most common behavioural changes are personality alterations (Cumming & Back, 1998). The destruction of cholinergic neurons in the basal forebrain and the resulting deficit in central cholinergic transmission is the cause for characteristic cognitive and non-cognitive symptoms in AD (Cummings & Back, 1998). Another theory as far as the cause of symptoms in AD is concerned is Glutamate excitotoxicity. Excessive activation of NMDA receptors by glutamate is said to cause neuronal death in Alzheimers disease due to increases in intracellular Ca2+ (Bleich, Romer, Wiltfang & Kornhuber, 2003). PD

Student Response Essay Example | Topics and Well Written Essays - 250 words

Student Response - Essay Example The posting indicates that Israel was the key cause of the conflict between these nations. I agree that the Shi’ite and anti-Israeli movement was created in response to Israel failing to execute its intended purpose, which was to free Lebanon . I believe that after successfully freeing Lebanon and having the conflict terminated, Israel went further to indicate a reluctance in vacating the country. It led to an uproar from the public. This piece is exceptional in its narration despite the fact that it ignored some of the key elements of the paper. Similarly, I believe that Lebanon was the greatest beneficiary. Response Post 2 I agree that the greatest loser of the war is the Israelites. One of the key evidences the student presents is the fact that Israel would have avoided engaging in the conflict altogether, as this led to twenty plus years of deployment of Israel soldiers and resources, which must have cost the government a bundle. In the paper the student argues " †¦ quick, compelling success is not how it played out. I believe that Israel spent over twenty years dealing with Lebanon." Arguably, you have also cited Hezbollah as the greatest beneficiary, giving similar reasons as those cited in the paragraph above. The fact that Lebanon was freed, the country was able to send Israel out of the country. I agree with both choices for the greatest beneficiaries and the greatest losers.

None Essay Example | Topics and Well Written Essays - 500 words - 34

None - Essay Example Philosophical works in the form of poetry written by Hesiod as early as eighth century BC indicated the presence of scarcity among human beings. Hesiod refers to competition as a real conflict amongst business. He ascertains the impact of entrepreneurial force in the creation of scarcity of resources in the community. As scarcity develops, human beings tend to scramble for the available resources. The philosopher further agrees to the fact that competition amongst business and the nature of scarcity of resources needs governorship by justice and the law. Philosophical theories frequently highlight the relevance of scarcity of resource and competition in the society. Their arguments remain ideal reflections of the occurrence in the business world (Spiegel 1). In modern business, healthy competition acts as a booster in the development of the society. Businesses compete for market share that leads to improvisation of marketing strategies that aims at increasing customer relations. Such improvement in customer preference to individual companies correlates to increased quality of service provision and hence productivity of the economy. Modern economic theories on competition as aforementioned agree Hesiod philosophies on existence of competition. Hesiod supported the existence of competition in the society and its relation to the measure of productivity. He affirms the relationship between competition and productivity through his literary works on Homeric poetry written between 830-750 BC. Hesiod describes competition as either destructive or productive of which the later forms part of contemporary economic productivity (Jr and HÃ ©bert). Productivity of the economy in a modern setting relates to hard work and determination. Such economic theory is in agreement with Hesiod philosophies. Hesiod believed that idleness and productivity could not rhyme. He criticized the former

The Color of Innocence Essay Example for Free

The Color of Innocence Essay In the context of The Picture of Dorian Gray, one of the most noticeable and important motifs is that of the color white and its variants, including, but not limited to, pale and listless. The meaning of this color evolves as the novel progresses, changing in relation to Dorians character. While the motif may never physically alter in appearance, it succeeds in reversing meaning completely, signifying the great contrast in Dorians soul between the beginning of the novel and the end. In the very beginning of the novel, as Basil speaks of his first encounter with Mr. Gray, he notes that when their eyes met, I [Basil] felt that I was growing pale (9). The motif comes to signify a sort of timid transparency; as if Dorians purity softens everything around he comes into contact with. Similarly, Lord Henry employs the motif when describing Dorians youth, labeling it as his rose-white boyhood (21). Shortly after, Dorian is described as possessing the white purity of boyhood (37). In both of these passages, the motif represents its most basic connotation, that of innocence, particularly, the innocence of youth. White gives Dorians appearance a sense of vivacity. Lord Henry describes Dorians soul as having turned to this white girl [Sibyl Vane] and bowed in worship before her (57). The motif denotes a youthful purity or vitality in Sibyl Vanes soul, most likely one that is shared by Dorian Gray. Her innocence soon grows to incorporate innocent affection for Dorian, as after kissing him, She trembled all over, and shook like a white narcissus (74). The motif has not reversed its meaning at this point; rather, it incorporates a virtue similar to youth and innocence, that of love. Furthermore, as Sibyl Vane performs onstage, Dorian tells how Her hair clustered round her face like dark leaves around a pale rose (74). The complexion in Sibyls face suggests a pure exquisiteness that embodies everything desirable to Dorian. He has employed the motif in describing Sibyls youth, innocence, passion, and beauty, all of which seems to mirror Dorians face and soul, as is evident in Basils description of him. The motifs meaning has reached the climax of goodness here, signifying qualities Oscar Wilde holds in highest esteem. However, it does not occupy this position for long, as the ensuing events  begin an extensive bastardization of the colors significance. As Sibyl Vane performs as Juliet in front of Basil and Lord Henry, The curves of her throat were the curves of a white lilyyet she was curiously listless (81). In this performance Sibyl retains her physical beauty, yet her vitality has escaped her. In a single sentence the motif revolves to a negative connotation, coming to suggest a vapid emptiness where there had previously been such fervent life. Sibyl, whose apparent perfection and talent once embodied the motif, has become to Dorian A third-rate actress with a pretty face (85). Her disappointing showing, an obvious contrast to previous performances, succeeds in deeply affecting Dorians definition of the motif as well, as Dorian Gray grew pale as he watched her (81). Later, as he rescinds his love for Sibyl, He looked proud, pale, and indifferent (83). A word used only pages before to describe the beauty of a rose has changed in such magnitude to be grouped alongside such words as proud and indifferent. The motif utilized in the illustration of Sibyls unhindered affection is now used to depict Dorians lack of love altogether. Deeply wounded by Dorians tirade and exclamation of nothing but distaste for her, The girl [Sibyl Vane] grew white, and trembled (85). Whereas Sibyl had previously taken on such a color and shuddered after sharing her first kiss with Dorian, she does it here in response to losing Dorians love. The motif changes from signifying passionate ardor to passionate sadness and fear. A color that gave Sibyl a reason to live her life to the fullest quickly steals her will and pushes her to take her own life. It is represented in a literal sense as well, as Lord Henry describes the instrument of her death as having either prussic acid or white lead in it (96). Distressed by Sibyls untimely death, Dorian muses, Can they feel, I wonder, those white silent people we call the dead? (96). As opposed to describing liveliness, or beauty, the motif is associated with that of a corpse. Basil refers to Sibyl Vanes body similarly, proclaiming, Why, man, there are horrors in store for that little white body of hers! (105). However, as opposed to Dorian, Basils use of the motif preserves the purity of Sibyl Vane, recognizing her innocence as a person. Only Dorians perceptions have changed on the meaning of the color; it has become something sinister and  deathly to him, as if the colors meaning and significance died along with Sibyl Vane. Lord Henry purports that a long term relationship with Sibyl Vane would have been futile, and Dorian agrees, saying, I supposed it would,' as he was walking up and down the room, and looking horribly pale (97). As Dorians value for human life recedes, and his soul darkens, one would expect his face to dim as well, as it would have developed the lines and shadows accompanied by such nature. However, this motifs connotation, much akin to the portraits appearance, has been forced to change while Dorian stays the same. Later, when Basil insists upon seeing the horrible portrait, Dorian responds, Basil he said, looking very pale, you must not look at it. I dont wish you to' (108). Basil turned pale upon first meeting Dorian, implying a shy fear of the boys pure livelihood. Here, when Dorians secret is threatened, when his evil soul is in danger of being revealed and he exhibits a similar reaction, it becomes clear that whatever fear Basil experienced earlier is much different than the fea r Dorian is experiencing now. Basil grew afraid out of reverence, while Dorian grew afraid out of shame. While the motif was previously synonymous with purity, it has adopted a sinister, calloused meaning with Dorian. Further on, Dorian would place his white hands beside the coarse bloated hands of the picture, and smile. He mocked the misshapen body and the failing limbs (124). In 19th century England, white hands were a sign of aristocracy, and beauty. However, when juxtaposed with the awful vileness of the portrait and Dorians soul, they seem wicked, and deathly. The motif changes meaning not only in Dorians eyes, but also in the readers eyes as well. A while after this, pressed against the window of the conservatory, like a white handkerchief, he [Dorian Gray] had seen the face of James Vane watching him (190). Although Dorian was not aware of James promise to kill him, he understands James purpose for being there. The motif, thoroughly transformed in meaning by now, is a brooding symbol of death that Dorian has come to fear. Dorian returns to the party after seeing James, and As the thought crept through his brain, he grew pale with terror, and the air seemed to him to have become suddenly colder (192). Dorians fear of death mirrors James lust for death. The passion Dorian first had for what this color signified has  turned into a loathsome fear of all it embodies. Dorian Grays static appearance can do nothing to stop the transformation of the world around him, or, more importantly, his soul. The color white becomes a motif in the novel that mirrors Dorian Gray; its appearance remains the same, yet as the story progresses, it begins to convey a meaning much less innocent than early on. The juxtaposition between the whiteness of purity early on and the whiteness of death in the end gives the reader a clear idea of the evolution of Dorians soul, and in doing so, it provides a concise understanding of the plot as a whole

King Leopold II | Analysis

King Leopold II | Analysis King Leopold II has the dishonorable reputation as one of the most brutal and cruel colonial rulers of the 19th century for what he has done in Congo. Even after his merciless reign was completely turned over to Belgium, tons of books, articles, photos, and essays were released to reveal all of King Leopold IIs atrocities to the people around the world. Some scholars have tried to justify his actions arguing that King Leopold made a great contribution to modernizing and civilizing Congo. However, one cannot ignore the unchangeable fact that King Leopold II has, in fact, committed unforgivable crimes against the natives of Congo for his own wealth from ivory and rubber collected through forced labor. Therefore, despite what some people argue in helpless attempts to justify King Leopold IIs actions in Congo, what he did during his 22-year reign in Congo are too inhumane and unjustifiable for people to honor him as a sage king. Leopold II was the king of Belgium from 1865 to 1909 and was the founder of Congo Free State (Present-day The Democratic Republic of Congo). By the time Leopold II succeeded his father as king, he had travelled around the world much and had become a supporter of the expansion of Belgium into other territories. He managed to formulate an agreement with Henry Stanley, an ambitious journalist who is famous for exploring Africa, to bring Congo under European control through unfair trade and slavery. This is how Congo Free State of King Leopold II was founded and it existed from 1885 to 1907. Disappointed and outraged by what King Leopold II was doing in Congo Free State, many journalists and writers began to write about the crimes he was committing. Among these works, Mark Twain, encouraged by the Congo Reform Association, wrote a gripping literary work expressing his thoughts about King Leopold II called King Leopolds Soliloquy. It is a satiric soliloquy, or dramatic monologue published by Congo Reform Association rather than a commercial publisher, which means that Twain was writing for a cause, not personal gains. The main influence on making Twain write this particular work was Edmund D. Morel of the English Congo Reform Association who wanted Twains help in gathering support for an American branch of Congo Reform Association. This work specifically focuses on several issues regarding King Leopold II, and among these are brutality, absolute materialism, morality and media. As for brutality, 2 million to 15 million people of Congo supposedly died during the reign of King Leopold II. The exact number is nearly impossible to discover as no concrete records of Congo Free State could be found today. King Leopolds 19,000-man army used their developed weapons such as rifles, cannons, and machine guns to slowly take control of Congo from the natives who were only equipped with spears or antiquated muskets. The theme of brutality is very closely related to materialism. At first, King Leopold IIs main interest was ivory. However, in the early 1890s, with the invention of bicycles and their wide-spread usage, the demand for rubber suddenly skyrocketed and started what people call The rubber boom. Luckily for King Leopold II, nearly half of Congo Free State was covered with rubber trees that would have taken over 50 y ears to fully grow elsewhere. With an increasing demand for rubber from Congo, King Leopold II quickly came up with a cruelly effective idea to collect rubber. It was quite simple; executive officers under King Leopold II would go into a local town and take the women there as hostages. To free their wives, men had to go out into the woods and collect a certain amount of rubber. If they did not fulfill their required amount of rubber, they received cruel punishment from these officers; they were often whipped with chicotte, a lash made from hippo hide, or their hands were cut off for not meeting the demands. Also the soldiers were ordered to bring back a hand for every bullet fired. As it was not actually possible, these soldiers instead cut off the hands of the living resulting in mutilation and a decrease in the population. As for morality and press, a fairly large amount of the soliloquy is used to criticize the media (newspapers and photographs), for revealing what King Leopolds done in Congo Free State. Before the invention of Kodak, cameras, all the atrocities and chaos King Leopold II was creating in Congo Free State could not be fully known. Many articles and essays were written but there was no visual evidence for the public to prove it. Also, King Leopold II went out of his way to ensure that none of his deeds became known to the public, or as Morel puts it, Not one in a thousand of the dark deeds performed under such a regime can ever, in the nature of things, become publicly known. In King Leopolds soliloquy, King Leopold blames the results from his cruel actions on reporters and the camera, rather than himself. This also means that Leopold cares much more about how people conceive him as a king instead of the morality or justness of his actions. This can be witnessed when he says Ten thousand pulpits and ten thousand presses are saying the good word for me all the time and placidly and convincingly denying the mutilations. Then that trivial little Kodak, that a child can carry in its pocket, gets up, uttering never a word, and knocks them dumb. He also calls the camera The only witness I have encountered in my long experience that I couldnt bribe. King Leopolds Soliloquy is quite significant in its form. Twain takes the character of King Leopold himself, embattled by those who wish him to change. By presenting his ideas through a soliloquy, which is a monologue rather than a literary work with a plot or characters, he creates special tension in the readers mind. From the readers perspective, hearing such ravings and evil deeds from King Leopold IIs own mouth would have made a strong impact on their mind; it brings the reader into a greater sense of anger and disgust at the callousness of deeds and thought from the king. As effective as it may be, however, readers of this work must be aware that this is not a transcript of King Leopold II but a soliloquy written by a different person based on his imagination. Therefore, certain parts of it must have been somewhat exaggerated and may not even be true. Although most of what was happening in Congo Free State was well known by the time King Leopolds Soliloquy was written thanks to the development of technology, especially Kodak, it would have been quite difficult to be aware of all of King Leopold IIs intentions for his actions. Nevertheless, Mark Twain, with his effective usage of language and satire, was able to create quite a sensation across America. According to Justin Kaplan, it was the most effective and most widely circulated piece of American propaganda in the cause of Congo reform. Twain once said in an interview of Boston Herald on Nov 6. 1905, The condition of things in the Congo is atrocious, as shown by the photographs of children whose hands have been cut off. Leopold thinks this can go on because the Congo is a distant out-of-the-way country. But once we can get England and America to investigate, and take this matter up, something will be done. We Americans are especially interested, because it was our recognition of the flag there that led to recognition by other powers. By writing such work, considering the social and political impact of Ma rk Twain, he was trying to encourage its readers to actively participate in speaking against King Leopolds regime. By touching on pathos of the readers, Twain was clearly arousing them to active protest with his very effective writing style which may sound satiric and scornful to the readers. Advocates of King Leopold IIs reign in Congo Free State, however, argue that this is all just an accusation of the King and he made a great contribution to modernizing and civilizing Congo. In An Answer to Mark Twain by Donald Kerr, a pamphlet written in response to King Leopolds Soliloquy, Kerr states that lies and slanders are accumulated and, as stated by Mark Twain the only true thing in his soliloquy they slander and still slander. Like such, lots of controversies exist among scholars and historians regarding King Leopold IIs Congo Free State. Advocates first criticize Mark Twain for stating that King Leopold taxes his stolen nation but provides nothing in return but hunger, terror, grief, shame, captivity, mutilation and massacre More than half of the pamphlet, An Answer to Mark Twain, is dedicated to showing photographs of what King Leopold II gave them in return. It contains more than 30 photographs of schools, bridges, hospitals, villages, railways, motor-cars, and all oth er things that were built during King Leopold IIs regime. As the anger and disgust towards King Leopold II spread across the world after witnessing photographs thanks to the development of Kodak, Kerr must have thought it would be effective to show pictures supporting King Leopold IIs achievements during his reign. Advocates of King Leopold II also insist that there is no factual evidence connecting the mutilations and murders of the natives to the army of King Leopold. Kerr also questions the validity of the photographs of the mutilated natives asserting that such is the value of the photographs produced, and as it is not proved by specific dates and places that these acts of cruelty can be directly or indirectly imputed to Belgians having resided in the Congo they must be considered as slanderous. These advocates of King Leopold II endlessly try to justify the chaos he created in Congo Free State, but nothing will ever change the fact that the natives of Congo suffered greatly from the reign of King Leopold II both emotionally and physically. What people can read from King Leopolds Soliloquy by Mark Twain, and all the other evidence that people can see such as photographs, articles, essays, and historical records point to the fact that King Leopold II was willing to apply any and all possible measures to gain wealth and did not care one bit about the natives. Despite the contributions the king made to Congo, like modernizing and civilizing Congo during his reign, people of our generation remember him as a brutal and greedy colonial ruler rather than a sage king. Therefore, even though what these advocates say of King Leopold II may be true, what he did to the natives of Congo and how he gained his wealth are too inhumane and cruel to be justified.