Marginal REVOLUTION - Small Steps Toward A Much Better World

Modern portfolio theory Economist Harry Markowitz introduced MPT in a 1952 essay,[2] for which he was later awarded a Nobel Prize in Economics. Mathematical model[edit] Risk and expected return[edit] MPT assumes that investors are risk averse, meaning that given two portfolios that offer the same expected return, investors will prefer the less risky one.

Corporate finance Investment analysis (or capital budgeting) is concerned with the setting of criteria about which value-adding projects should receive investment funding, and whether to finance that investment with equity or debt capital. Working capital management is the management of the company's monetary funds that deal with the short-term operating balance of current assets and current liabilities; the focus here is on managing cash, inventories, and short-term borrowing and lending (such as the terms on credit extended to customers).[citation needed] The terms corporate finance and corporate financier are also associated with investment banking.

Blog Roundtable: Are there tips for fighting impostor syndrome? « Mr Epidemiology This blog roundtable is part of a series about graduate school – why do it, what is it like, and what to do afterwards. I encourage you to give your own opinions in the comments section, and if you disagree with a point made by the panel, voice your opinion! This is something a lot of my readers can relate to, so I’m hoping to hear from all of you. Note that these are the opinions of those involved, and do not reflect our institutions or departments in any way.

Pension Partners AdvisorBlog™ “Dow, S&P 500 close at new record highs” – Every Major Financial Publication, June 2, 2014 You wouldn’t know it after reading any major financial publication yesterday, but the average U.S. stock is down over -1% thus far in 2014. But how can that be if we’re being told almost daily that the Dow and S&P 500 are hitting new all-time highs? The answer is likely to surprise you, especially if you have been focused solely on the large cap space. There is a massive divergence going on between the haves and have-nots, or the largest capitalization stocks and the rest of the equity market. As the table below indicates, the 50 largest stocks in the Russell 3000 are up 4.1% in 2014 while the average return for the rest of Index (51-3000) is -1.1%.

400 Free Online Courses from Top Universities Advertisment Take online courses from the world’s top universities for free. Below, you will find 1,700 free online courses from universities like Yale, MIT, Harvard, Oxford and more. Kenneth R. French - Data Library Because of changes in the treatment of deferred taxes described in FASB 109, files produced after August 2016 no longer add Deferred Taxes and Investment Tax Credit to BE for fiscal years ending in 1993 or later. U.S. Research Returns Data (Downloadable Files) Univariate sorts on Size, B/M, OP, and Inv Portfolios Formed on Size TXT CSV Details Portfolios Formed on Size [ex.Dividends] TXT CSV Details Portfolios Formed on Size [Daily] TXT CSV Details Portfolios Formed on Book-to-Market TXT CSV Details Portfolios Formed on Book-to-Market [ex.

Spreadsheet programs With time, the number of spreadsheets on this page has also increased. To help you in finding the spreadsheet that you might want, I have categorized the spreadsheets into the following groups: Corporate finance spreadsheets: These spreadsheets are most useful if you are interested in conventional corporate financial analysis. It includes spreadsheets to analyze a project's cashflows and viability, a company's risk profile, its optimal capital structure and debt type, andwhether it is paying out what it can afford to in dividends. These spreadsheet programs are in Excel and are not copy protected.

Reading Politics · Intervention and Prudence Patrick Porter Finally after a busy teaching term I’ve got a chance to add some thoughts to the great post and articles by Jon Western and Joshua Goldstein on humanitarian intervention. Bottom line: I think Jon and Joshua make a robust case that not only can intervention work, but that the international community is learning effectively how to go about it. As they argue, it is a technique of statecraft that is being refined and better understood. It might not necessarily transform societies on every metric of human well being, but prompt military action combined with due attention to the rule of law, security and institutions can fend off predators and give oppressed peoples a chance – a breathing space - to rebuild. East Timor, Sierra Leone, and who knows, maybe even Libya testify to this.

Salient August 8, 2014 From an Epsilon Theory perspective, the scariest, most market risk-creating event of the past 48 hours had nothing to do with Iraq, nothing to do with Israel, nothing to do Russia. It was Mario Draghi’s press conference. Yesterday Draghi re-launched the Great Fiscal Consolidation War of 2012, a multi-level game where the ECB attempts to force spendthrift sovereigns to undertake structural reforms while ostensibly going about their business of maintaining their single mandate of price stability. It’s a neat trick if you can pull it off, as Draghi kinda sorta did with the PIIGS two summers ago, but … geez, do we really have to go through this all over again? Multi-level games live at the intersection of politics and economics.

Investor Home - Fundamental Anomalies Gary Karz, CFA (email) Host of InvestorHome Principal, Proficient Investment Management, LLC Value Value investing is probably the most publicized anomaly and is frequently touted as the best strategy for equity investing. There is a large body of evidence documenting the fact that historically, investors mistakenly overestimate the prospects of growth companies and underestimate value companies. Professors Josef Lakonishok, Robert W.