...QUT | Case Study 4: Market Efficiency | Bill Miller and Value Trust | | Name: Huey Ngu Student ID: 08324093Tutor Name: David FairDate: 1 November 2013 | Words: 1097 | Contents Introduction 2 Past and current performance of Value Trust 2 Investment strategy of Bill Miller 3 Efficient Market Hypothesis 3 Bill Miller’s letter to shareholders 4 Changes in Chief Investment Officer (CIO) 4 Recommendation and Conclusion 4 Reference 6 Appendices 8 Appendix A: Data of LMVTX, S&P 500, and 30 years bond 8 Appendix B: Alpha and Beta between 1991 and 2013 9 Appendix C: Alpha and Beta between 1991 and 2005 9 Appendix D: Alpha and Beta between 2006 and 2013 9 Introduction Bill Miller is known as famous fund manager that hold the record of beating benchmark index for 15 years in a row. However, his poor performance after 2005 was the reason that the investors run away from his fund. Hence, arguments of whether Bill Miller’s previous performances involve luck or skills appear. Furthermore, this report will also discuss whether investors should invest in Bill Miller’s Value Trust. Past and current performance of Value Trust Figure [ 1 ]: LMVTX VS S&P500 (Morningstar Principia , 2013) Bill Miller had made an achievement of longest streak performance of beating the market. Refer to figure 1, it had showed that Bill Miller’s Value Trust had consistently beat the benchmark index of Standard & Poor’s 500 (S&P 500) between 1991 and...
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... demand and supply, resource availability and a number of such considerations needs to be done when a company ventures into international marketing. Before introducing a new or an existing product in a new market or place a lot of needs study need to be done. Writing assignments or doing projects in this subject therefore needs to be detailed as well as precise. Students are expected to write an up to date and accurately prepared assignment in order to gain the desired results. Not all the students are good at writing. Many a times they may not be that good at the given subject or may be busy with a lot of other stuff due to which they do not find enough time to write a high quality assignment meeting the expectations. Our company can help students in order to write their international marketing assignment. We have subject specific writers who are very well versed with their subjects and know exactly where and how to collect data and also are fully aware of all the University standards, therefore taking no time in preparing your assignments for you. We assure students good academic results and helping them saving their precious time while our writers do all your work for you. Buyessay.co.uk is a custom writing agency and guarantee that they can cover a huge...
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...website is about helping the Knox County residence get help that they need by putting the information on their website that will guide them in the right direction for assistance in healthcare, housing, and services for children and seniors. According to Widner University and Wolfram Memorial Library, there are four ways to properly analyze a website to make sure that the information that you are getting is legitimate and credible. The first one is checking the Authority of the website. This means that the website should have it clearly posted the person or persons who are responsible for the information that is posted on the website. There should be a name of the person or group and/or some kind of contact information for that person. On the website I chose there is a specific person listed as the Executive contact of the CAC along with individual names, phone and fax numbers, and email contact for each neighborhood. I did not see a copyright date on the website but all the information concerning the webpage is listed such as address, and phone numbers. The second thing that they talked about was accuracy. Making sure that the information is indeed factual as well as the sources being listed is also very important. Including dates that the information was added to the site is also very important. Looking to make sure that the information isn’t second hand and that it comes from a respectable resource. Accuracy is also looking at the information on the website and making sure that...
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...Target is looking to be more competitive in the retail market in the next 2 years by changing the way they do business and focusing on what really matters, i.e. The brand they are selling to customers. Target is looking to adapt to the way their customers shop and focus on their legacy while giving the best service possible. Target is successful in ways that have charted the retail industry. They have changed the way they do business by focusing on the environment, their team members, education and their volunteerism in the community. This report will cover the ways that Target has stayed on top by constantly transforming and becoming a better organization. Organizational Planning * Organizational Structure Target’s Mission “is to make Target your preferred shopping destination in all channels by delivering outstanding values, continuous innovation and exceptional guest experiences by consistently fulfilling our “Expect more, Pay less. Brand promise”. By doing this, Target has broken their structure down into sections that would be able to help the organization meet their goals. Target has set standards they would like to meet by the year 2017. With these standards and their continued growth, they believe the organization will increase profits and well as inspire healthier living in their employees and customers around the world. By working on the environment, Target hopes to increase seafood selection in the frozen food areas in their stores. They are also looking to increase...
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...JOURNAL OF SKIMMING AND SCANING Skimming and scanning is glancing quickly through a selection to get a sense of the topics and important ideas and then scan for particular details. Scanning is one of the technique that help us to know more about the some of the information. Scanning is generally read in small parts, but extend it over various lengths of text as when we scan while the skimming technique is usually involves reading the beginnings and endings of paragraphs. Skimming is one of the tools that we can use to read more in less time.Skimming refers to looking for the general or main ideas, and works best with non-fiction or factual material. With skimming, we can overall understanding to reduced because we don’t read everything and read only what is important to purpose. Skimming takes place while reading and allows to look for details in addition to the main ideas. From skim we will get a good idea of what information will be discussed. We can begin to read only the first sentence of each paragraph and also called topic sentences, of main idea in the paragraph. Skimming also help us looking for important pieces of information, such as names, dates, or events. Skimming also help us locate the information quickly while making sure we use our time wisely. It will also increase the amount of usable material that we obtain for our research. Skimming is used to quickly identify the main ideas of a text. When we read some of the reading material such newspaper,...
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...famous just throw money away like its nothing and spend it on stupid stuff when they could be giving it to people that really need it. Seeing that little kid out there looking for stuff is sad to see because I think it’s not right for a little kid to be living in those type of conditions. The houses are pretty much made out of recycled stuff that we never used and threw it out. These houses can also be stacked on top of each other which is really dangerous cause anytime that little piece of medal or whatever its made out of can break and all that stuff would fall people on the top would fall and hit the get injured or may even die. It is also for the people on the bottom all that garbage would land on top of them and kill them instantly if not die they would get really injured. I also see a lot of African American’s who live like this there is about 65% African American’s who live in these dangerous conditions....
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...his face as he is waking up (see fig.1). The view from the window is blurred so all focus is on him. The shot then changes suddenly as a close up shot as he quickly sits upright (see fig.2). The quick shots reflect what is happening as he wakes up as he’s trying to get a sense of where he is, this also helps the audience get a sense of what is happening around on the train, it also raises questions as to why he is so suddenly alert and why he is acting so strangely. As this shot changes, a train horn is heard throughout the change, which signifies that he is coming back into reality. Again in this second shot, everything else in the background is blurred so that your focus is on the main character. As he is trying to work out where he is, he looks around him. As he does this, the camera follows his movements, moving to the left when he looks to his left and moving to the right, when he looks to his right. This is called a tracking shot, this is used so that we can see from his point of view and get a better understanding of what he’s looking at and why he is looking at them. The next shot is an over the shoulder shot. The camera in this shot is placed just behind him looking over his shoulder, so we can see things from his perspective. In this case, the shot has him staring at a woman sat directly opposite him staring back and smiling (see fig.3). We know this woman as Christina Warren, played by Michelle Monaghan. However we realize that Captain Colter Stevens does not know...
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...LOOKING TOWARDS THE FUTURE Looking Towards the Future LaTasha Boyd Ashford University: PSY 202 9/9/2014 LOOKING TOWARDS THE FUTURE Looking Towards the Future In this essay I will be discussing my personal, professional, and academic goals for my major field of study in my online environment. I will also discuss how I will apply the SMART goal process to each of my goals. I will create an accountability plan for meeting my goals and discuss how will overcome any obstacles. Lastly, I will predict my success in achieving my goals, my individual personality, and my major field of study. My SMART Goals At the age of thirty-four and two kids later I am looking over my future to see what I need and/or want to be doing with my life in the next six years. My personal goal is to be financially stable, although my kids will be in college themselves. I want to be able to help them with tuition, housing, food, and any other things they may need. I am going to complete my four years of college to obtain my accounting degree so that I can complete my personal goal. I have tried online schooling once before and I stopped going because I got a little discouraged. I think I was being a little selfish. I not only have myself to think about but two other people that I am responsible for. I try to lead by example when it comes to my kids. Completing my personal goal is one way that I can teach them. My professional goal is to have my own accounting/finance business within...
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...half of your religion. Also, The Prophet Muhammad (SAW) ordered us to do it, and it is sunnah for you to get married.The importance of marriage also helps to spread Islam all over the world and increasing our ummah. The Qur’an encourages marriage for many reasons. For instance, committing forniking outdoor of marriage doesn't benefit you in society. With out marriage, it can lead to temptations that can lead to hell fire. Process of marriage The first step into getting married is seeking a Wali. A Wali is the nearest relative to women, such as her father or brother. Brother would only be used if the father has passed away or is no where to be found during that time. If none of your Wali’s are there the next option would be to get a Wakil, which is the Imam. It is his job to find more information on the person the women is marrying. After picking the right man, they can plan to schedule a time they want to meet each other. The time the man and women are meeting each other there has to be a supervisor or guardian present at that time. After they've met a couple of times and they are ready to get married there is a prayer that they're to pray, which is called Salatul Istakahrah . The prayer is to basically to help them with guidance. If the prayer isn't done it'll invalidate the marriage. It is a prayer that'll inshallah help them in the future. The next step process to the Nikah. The Nikah is where they sign the marriage contract. The marriage contract signing is done under...
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...Dear Friend, Those are some very good questions that you asked. I will help you to understand these issues. When looking for information the way you assess your information is very important. If you find some information and it is not reliable you end up putting information in your paper that is false and could lead to an incomplete on your grade. By knowing how to find out if the information is reliable may be hard for some so I have provided ways that I use to find out if information is credible and reliable. Some of the ways that I use to find out if the information is true or if it is false is by looking into the references that they provide on the site. By doing this I am able to go looking at the information that they used can go farther back and what information is new information. When I look for reliable sources I will see about the abstract and find out if it is on the line of what I am looking for and if the abstract is nowhere near what I am looking for I will bypass the link and move on to the next. I also look to see if it is .gov, .net, .org, .edu, etc. This gives me more information as though it is a trusted and reliable source. When you are having troubles about whether a source is reliable look in to the references that are provided and see where they got there information and that will help you out as well. The references are usually at the end of the article but also can be in the beginning of the article. The term digital divide is the difference between...
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...The Proactiv+ System Clear Skin Starts In The Pores We know acne, and we know skin. And we know what it takes to have a clear flawless-looking complexion, which is what you’ll see with Proactiv+. We also know that acne begins deep inside the pore, launched by a "perfect storm" of microscopic events - bacterial overgrowth, excess oil production, dead skin cells that clog the pore, and ultimately, inflammation creating a red, swollen bump on your skin. Proactiv+ is an acne-treatment system that delivers skincare in every step. Formulated not only to heal, treat, and clear acne, it also helps to diminish the evidence of past breakouts, restoring skin to its healthy-looking appearance. Here's how: * * STEP 3: REPAIR Complexion * Perfecting Hydrator Drenches skin with essential skincare ingredients designed to help soothe irritation, even skin tone, visibly reduce post-acne marks and leave skin soft, hydrated and radiant. Salicylic acid, and anti-acne medicine, helps pores appear smaller by keeping them free of the oily build-up that makes them appear larger. * * STEP 1: CLEANSE Skin Smoothing * Exfoliator Gentle exfoliating beads and glycolic acid gently move away excess oil, dirt , and other impurities so benzoyl peroxide can penetrate the pore to kill acne-causing bacteria. * STEP 2: TREAT Pore Targeting * Treatment Our exclusive Smart Target® is designed to deliver benzoyl peroxide directly into the pore with...
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...guide them in getting help. After reviewing the materials on how to analyze a web page, I realized there is much more to the website than what most people see on the surface. According to Widner University and Wolfram Memorial Library, there are four ways to properly analyze a website to make sure that the information that you are getting is legitimate and credible. The first one is checking the Authority of the website. This means that the website should have it clearly posted the person or persons who are responsible for the information that is posted on the website. There should be a name of the person or group and/or some kind of contact information for that person. On the website that I chose, there isn’t a name of a person, but there is contact information including the name of the business as well as the address, fax, and phone numbers. The copyright of the website is also clearly stated at the bottom of the page. The second thing that they talked about was accuracy. Making sure that the information is indeed factual as well as the sources being listed is also very important. Including dates that the information was added to the site is also very important. Looking to make sure that the information isn’t second hand and that it comes from a respectable resource. Accuracy is also looking at the information on the website and making sure that all the information given is backed up by reliable sources as well. Looking for spelling errors will...
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...have, and after looking at each set of prints we can compare and contrast them to get a glimpse of what is important in life and some of the meaning life has. Looking at Raquel’s and Betty’s footprints – their past – we can see, at least to them, the people...
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...attribute customers seek because many customers are buying on their way to work. Customers are looking for a combination of attributes to create a great value for the price. A recent study suggests that consumers purchasing decisions are made based on the perception of product value rather than price. “There is a price-value formula consumers use to calculate brand differences and to decide which brands to buy. Shopper consciousness has shifted from just trying to ferret out deals to looking for brands that provide value”. (Agriculture and Agri-foods Canada, 2010) The study also suggests that with created value, consumers will likely remain loyal to those hot coffee stores. For many hot coffee drinkers it is the quality of the hot coffee that they are looking for when making a purchasing decision. Customers are looking to the hot coffee chain that has their favorite blends or flavors to choose from. Innovations in the hot coffee market have created new customers to the market who wouldn’t normally consider coffee as their beverage of choice. “Products such as iced coffees have captured the interest of the youth market and have introduced these young consumers to coffee, increasing the chance that they will continue to be consumers throughout their lives”. (Agriculture and Agri-foods Canada, 2010) A variety of selection will always attract customers because people are looking for choice. For many customers, the environment within the hot coffee shop will affect a customer’s...
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