...When you think about the saying “there’s no place like home’’ the first thing that comes to mind is the 1939 movie “The Wizard of Oz’’. Well in “There’s No Place Like Home’’ written by Joel Kotkin he talks about a new popular trend known as “localism’’. Joel Kotkin’s assertion of localism is that people are beginning to like to stay at home rather than moving from one place to another. He describes it as being rooted more in your community. He even goes on to say that the longer that people live in their homes or communities that they begin to identify more with those places, which helps local businesses and other institutions thrive. I agree with some of Joel Kotkin ideas of localism for instance I am very much rooted within the city I live in but I am very nomadic. In my twenty-one years of life I have never moved outside of the city limits. Joel Kotkin stated in his essay that people are wanting to stay at home more to stay close to their relatives, friends, local clubs, religious places of worship and just familiar surroundings. One of the main factors that keeps me rooted in Kansas City is my mother. My mother is at an age to where she is comfortable with the city she’s in so instead of her leaving the place she knows and calls home she would rather stay here in Kansas City and just move every so often. As an only boy I feel like it is my duty to always be near my mother and as close to her as possible she is the driving force for the reason I am so rooted or as...
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...Growth Stocks vs. Value Stocks Thomas Anderton MBA 570 Professor Scott Growth stocks generally come from companies of high quality and who are considered successful. Investors expect the earnings of these companies to keep growing above the market average. If an investor were to analyze the companies with growth stock they would notice that these stocks have high price to earnings ratios and high price to book ratios. The price to earnings ratio shows the market price per share divided by the earnings. In order to have a high ratio generally the market price per share is high. Value stocks are the exact opposite of growth stock in terms of their price per earnings ratio and their price to book ratio, which means they generally have low ratios. These companies are generally expected by investors to increase in value when the rest of the market recognizes their potential. According to Bryan Rich of Forbes, “Value stocks are stocks with the lowest P/E, price to book, price to sales and price to cash flow. Other twists on value investing are simply looking at the lowest priced stocks in a major index or stocks with the highest dividend yield in a major index” (Rich, 2016). To some investors, growth stocks may seem to be expensive and at times overhauled, which could cause them to invest in value stocks. Investors may chase value stock because they don’t have as much money to invest as other investors who choose growth stocks. Some investors may choose to invest in growth...
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...Playing Music for Mind & Body (LAE1) When the notion of playing music in a band is brought up, often times it conjures up images of the lewd and crude rock star lifestyle. At least, this is what we’ve come to expect to see from the media. But what most people don’t realize is that playing music can have a significant positive impact on an individual’s health, mental well-being and even IQ. A study from the New York Academy of Sciences takes aim at finding a link between musical training and increased intelligence. The study revealed an increase in grey matter in the brains’ of musicians as opposed to their non-musician counterparts. Researchers feel that this notable increase is in part due to the repetition that takes place during rehearsals which improves cognition and memory. So does learning to play music make a person smarter? Glenn Schellenberg, from the Department of Psychology at the University of Toronto, gives a resounding yes. His research into music and its cognitive abilities indicate short-term as well as long-term benefits. Mr. Schellenberg’s research goes on to point out an increase in participant’s IQ scores after only a couple of learning sessions. But music training has more in store than just intelligence benefits. According to a recent study conducted by The Norwegian University of Science and Technology (NTNU), a person playing a musical instrument is less likely to feel depressed and more likely to feel healthy. The study goes...
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...Book Review: The Little Book That Still Beats the Market The book is written in the first person point of view of the author, Joel Greenblatt. He talks about the various elements and basics of finance in a much different light as compared to how a common, every day finance specialist would normally explain it. He breaks it down into a level wherein even young kids could understand, making it relatable to people of all ages. Having such a complex topic being discussed in the most simple way possible makes it that much more intriguing to read through, especially that it touches on different techniques on how one could better manage and make their own money. He starts off with a simple story and continues on with many more of them. However, what makes it so difficult to put down this book is that these stories serve as simple analogies of what had before seemed like a complex idea in the finance world. Not only do these stories make it more entertaining and easier to understand the basics of finance, but they are also very informative, practical and relatable. In addition to these series of funny and simple tales is the discussion of a heavy but gentle load of information that all build up to the revealing of the magic formula. This formula, as explained by Greenblatt, is one that has been repeatedly proven to beat the market thus, helping a number of people become better investors. There were many insights I was able to gain from reading this book. These insights were not...
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...TYPICAL INTERVIEW QUESTIONS Personal Career Choices/Resume: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. Tell me about yourself… walk me through your resume. Why Investment management? (Be prepared to discuss why consulting, private equity and banking are not for you) Why buy side and not sell side? (Depending on the fund) why growth? Why value? Why momentum? Why fixed income? Why did you choose Columbia Business School? What qualities are necessary to be a good analyst? Do you have an industry preference? If so, why? Tell me about a problem or project that you worked on and how you went about solving it. What other firms are you interviewing with? Why do you want to work for us? What are your long term goals? What are you looking for in an internship/job? What classes have you taken? What have been your favorites? Least favorite? Why? Tell me about a time when you had to take a stand, and were met with opposition to your view. What was the outcome? What sort of teams have you worked with successfully and unsucessfully in the past? Talk about a failure. How did you overcome it? What are your strengths and weaknesses? What is your investment philosophy? Columbia is known for value investing—who are the top 3 value investors that you admire. Market/Stock Pitch related: 20. 21. 22. 23. 24. 25. 26. 27. Where do you think the market is going? Why? Do you own/have you owned any stocks? Tell me about them. Why did you buy/sell them? What stocks do you like now...
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...Sean Ruhlman Ms. Rooney ENC-1101 19 November, 2013 Ethical Relativism At what point do we need to refocus our priorities as a civilization? Ethical relativism can best be understood by focusing on the juxtaposition of the benefits of biotechnological advancements in the food industry with the synergetic natural relationship of all living organisms. The argument supporting our technologically enhanced farming is often overlooked by the idealists of our society vying for the end of world hunger. Is it realistic to believe that without these processed foods which make up over two thirds of the world’s diet; the population would be remotely similar in size to that of a population using non-biologically engineered or enhanced foods? Has our society grown to such magnitudes merely as a result of our ability to produce food as quickly and efficiently as we currently do? At what point will humanity’s demand, exceed the Earth’s carrying capacity? This then raises the question of morality. Is it ethically right to turn our backs and deny a portion of our ever-growing population the ability to eat knowing we are beginning to challenge global sustainability? Arguably, it is reasonable to assume that if you were to take away our overly processed, biologically re-engineered foods in order to reach equilibrium, there would be a proportionate loss of human life. This however, may be the only way to ensure humanity’s survival. This is where ethical relativity has to be decided as a...
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... | | | |Investment Portfolio Creation | |using | | | |Investment Philosophy – of Joel Greenblatt’s | |[pic] | | | | | | | |August 20th , 2011 ...
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...Billy Joe Half a Life Human relations 1. In my opinion of why the book is named half a life is because half Darin’s life ago the event with the car crash happened. In the book close to the end when he is presently weighting the book he says that the event happen half a life ago. He sounds like that at the end he is starting to heal mentally. So half of his life was spent in a mental punishment and torment. Half his life is over now and he is better. He has a wife and a kid, he has a good job, and his life is improving. The pain he had to go though was probably tuff, and I am glad I do not have to go through that myself. A weak willed person would have not been able to make it through this tuff challenge in life. A weak willed person might have died as well as the victim of the accident. Darin had to be a strong willed man to be able to make it through this tuff trial in this life, but he made it through and has a lot to show for it. Billy Joe Half a Life Human relations 2. I think that he calls his emotional reactions plagiarized because he was doing what he thought anyone would do in the situation. He pulled over and parked the car and he got out to see if she was ok and to get help. Strauss thought that he should act a certain way when the help were trying to save her. He felt like that is was not actually happing to him like it was someone else’s story. When his dad showed up that’s when he realized that it was happing in his life. At first he...
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...Billy Joel in his song “We Didn't Start The Fire” claims that the current generation, as of the time the song was written, did not, in fact, start the fire. Thought the song many events are listed until the chorus comes along again to remind the listener the they did not start the fire. The “fire” in this song that Billy Joel speaks of are crazy and shocking events to the world not only being generally harmful to the public but events that changed how people viewed things. The songs repetition of not starting the fire, the lengthy lines used for verses that completely list events, and the the listing of events as opposed to common verses in an average song shows how they did not start the fire and the fire had been going on for generations...
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...Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need v Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need v Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need v Billy Joe lee fee bee need Billy Joe lee fee bee need v Billy Joe lee fee bee needBilly Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe lee fee bee need Billy Joe...
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...Walmart and Sustainability. That pairing of terms elicits strong reactions, usually falling into roughly three camps: The "oxymoron" camp, who believe Walmart's business model of overdriven underpaid factory workers pumping out cheap goods into thousand-mile supply chains that feed a consumption-based society inherently and unavoidably conflicts with sustainability. The "salvation" camp, who welcome Walmart using its market muscle as a "bully pulpit" to push sustainability advances from the top down -- which arguably produces more change quicker than grassroots, bottom-up sustainability initiatives. And then there's the rest of us, who see truth in both of these two contradictory ideas (with a nod to this maxim from F. Scott Fitzgerald.) I include myself, because I lived in this schizophrenia for almost a year while I wrote Walmart's first sustainability report in 2007, keenly skeptical of the Goliath's conversion to the religion of sustainability, and cautiously hopeful of the promise of grander conversions that Walmart's change of heart heralded. I continue to straddle both sides. Now, two years later, Walmart just unveiled its Sustainable Product Index, which provides fuel for both fires. In a nutshell, the index (which has been in development for over a year) poses 15 questions in four broad categories (energy and climate; material efficiency; natural resources; and people and community) to 100,000 of its suppliers worldwide, with a future goal of translating the data...
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...The Legend of Bagger Vance Reflection A major component that enabled Junah to conquer the challenges he faced in The Legend of Bagger Vance was his ability to ultimately surpass the mental road blocks that he had set up for himself along the way. Throughout the movie Junah dealt with many difficult situations that he was not able to conquer until he finally reached the third and final stage of development referenced in our class. In the beginning, Junah faced some severe adversity shortly after perfecting his abilities in golf. He was called to serve in the war and I would never wish the experience he had on my worst enemy. This severe adversity truly portrayed where Junah was at mentality following his return. He could not handle life as it was anymore and ran off, never coming back in touch with all those that he used to care so much about until much later, but not to see those who he used to be close with. Although, following a series of events in which the golf tournament is started and Junah is approached by the young boy about participating in the said tournament, we get our first glance at the stage Junah is in at this moment in time. In his first conversations about golf, Junah states that he has “lost his swing.” This is the first or physical stage of development where he is approaching his problem strictly at the physical state. His attitude is one of an upside down cup unwilling to accept help from others. His “swing” is symbolic for something much deeper that is...
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...Piotroski Screen on Greenblatt’s Value Stock Introduction There are several methods to pick value stocks, for example FamaFrench model, Hagen model or Greenblatt model. Each model has its own merit and makes sense in its own way. In our last paper, we discussed if FamaFrench model is a good model both in sample and post sample. In this paper, we discuss the consistency between Greenblatt model and Piotroski screen method in picking excellent value stocks. Data We chose 30 stocks from magicformulainvesting.com which get the highest score in value stocks the website gives us. We download the fundamental data of each company from Bloomberg. Methodology First we use Greenblatt’s method to pick the best value stock. We calculate Return On Capital(ROC) using these formulas: ROC = EBIT/(Net Working Capital + Net Fixed Assets) In which, Net Working Capital = Current Assets – Current Liabilities Net Fixed Assets = Long Term Investment +Property Plant & Equipment Then we calculate Enterprise Yield, EY = EBIT/Enterprise Value In which, Enterprise Value = Market Capitalization of Equity + Debt – Cash Then we rank the value of ROC and EY and take the sum of these two ranks, choose the lowest value as our stock pick. Then we do a Piotroski screen. Picking Stock We choose 30 stocks from magicformula website, and rank all the stocks by scores. Ticker | Total Rank | PWER | 6 | ESI | 9 | UIS | 11 | GTAT | 11 | AFAM | 12 | PDLI | 13 | ...
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...Billy Joel decided he wanted to learn to play the violin for his next set of concerts. He called a violin salesman in New York and asked if he had any for sale. The salesman stated he had a Stradivarius and a Guarnerius (two famous brands of violins) and offered to sell them to Billy for $80,000 and $24,000, respectively. Billy agreed, over the phone, to purchase the violins from the salesman and told him he would be in town the next week to pick them up. Billy didn't show up for two months, and when he entered the store, the salesman wasn't there. His wife, Margaret, was there in the store, however, and she had full knowledge of the deal cut between her husband and Billy. (She'd heard her husband whining, complaining, and wailing about Billy not showing up for the last 2 months – and she was really sick of hearing about it.) Billy asked to see the violins, and Margaret showed him both of them. Billy stated he would agree to pay $65,000 for both of them, and Margaret, knowing that they were counterfeits and only worth $2,000 AND realizing that their house was about to go into foreclosure, agreed to the reduction in price and sold Billy the two violins for $65,000. She gave him a bill of sale that she wrote out on a note pad on the counter, which said, "Paid in full. Strativarus and Granruius violans. $65,000. Chk # 4301 Billy Joel. Salesperson: Margaret Madoff." The notepad was one she had brought home from their last vacation to Las Vegas and was from The Flamingo hotel there...
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...Christopher Remaley Principles of Sociology/Professor Stahl Community Service Reflection Paper 3/12/14 As part of my service I went to my church Salem UCC to volunteer for the soup kitchen. As part of the job I was asked to do a number of tasks of all different variety. This included serving food to the people, moving boxes full of food, making runs to the supermarket, putting butter on lots of bread, and washing dishes. Out of all the service I have done I enjoyed serving the food the most. It really feels like a community for the four hours everyone is working together. The best part about it is about an hour after I am done I go back and see all the people that are sitting at the tables or that are in line to get food or that are eating it. When I see that line or see all the people at the table, I am able to realize the immediate impact I am making on the community. Seeing all the people also opened my eyes to a huge problem our society faces. I did not realize hunger was such a big problem here around the church and in many of the surrounding neighborhoods. The number of people on that line illustrates to me that hunger is a large issue that needs to be adressed. Although I will not be available to help on the weekends during most of the summer because I am at work, I am making it a goal to go to the Soup Kitchen much more often during the next school year. Also, after the preparation you can come back and help hand out food. I have not done that but I would love to...
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