This three-part series began with a simple question, "If our client holds the S&P 500, what annual return can he/she expect?" To answer this question, in Part One I began with averages and moved through standard deviations, confidence intervals, and empirical maximums and minimums along the way illustrating that these common approaches could not provide a complete answer to our question. Ultimately, I concluded that estimating the annual return of the S&P500 is an epistemological problem…
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Added by Austin Senseman on August 11, 2010 at 5:30pm —
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Mulla Nasreddin, a 13th century legend lived somewhere between Turkey and Afghanistan (both countries included). I am sure he must have been a kid and a young man in his time but he is remembered as an old man, old and outrageously wise. One evening he was seen looking for some lost article under a street lamp. A passerby inquired what was the Mulla looking for. “My ring”, came the reply . “Now, where exactly did you lose it” the stranger persisted. “Oh, yonder on the commons while grazing my do…
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Added by Sachidanand (Sacha) Singh on August 4, 2010 at 7:30am —
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When we talk about the profitability solutions for the banks it is calculated by using information from various sources. Typical profitability calculation starts with the Net Interest Income. This is the difference between the Net Interest income and the charge for the funds. Also Interest expenses and the credit for the funds for the deposit products are used for calculations. This information is available from the Fund Transfer Pricing (FTP) solution. The difference between these gives the Net…
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Added by Rajendra Patil on July 31, 2010 at 11:13pm —
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Some bank specific issues that may be coming our way...
Basel III
It is important to keep in mind that infrastructure loans are typically heavily structured, long term and illiquid. Regulators seem not to like those features.
With Basle II they targeted bank involvement in infrastructure finance by initially specifying very high risk weightings for structured finance transactions. Successful lobbying by banks, including a jointly commissioned Standard &Poor's study on project credi…
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Added by Kofi Adusei Koduah-Sarpong on July 23, 2010 at 12:00pm —
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I must say that “Innovation” is the one of the most misused word. CVs of management professionals talk big of about how innovative they are, and how innovative have they been in their current roles. Innovation is a crucial word in any minutes of board and management meetings. Without use of “Innovation” in your business plan you may never be funded by a VC and PE investor.
By focusing on “Innovation” more objective and measurable variables that impact/drives a business is/are often ignored. For…
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Added by Jaspal Singh Kahlon on July 23, 2010 at 11:41am —
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Branchout, a new application that helps job seekers makes Facebook work like Linkedin opened in beta this week. Branchout helps Facebook users leverage their network for job search in a similar way that’s common to Linkedin users.
Why is this important? There are a number of reasons - for starter…
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Added by Phil Rosenberg on July 22, 2010 at 2:40pm —
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PayPal has received more than 20 awards for excellence from the Internet industry and the business community at large; for Scott Thompson, who started out as PayPal's SVP and CTO, overseeing information technology, product dev…
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Added by Phil Rosenberg on July 16, 2010 at 5:13pm —
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Linkedin considers itself a job search site as much as a social network.
While Linkedin heavily promotes its ability to connect you to friends of friends of friends, it also features some tremendously powerful job search tools. I’ll discuss some of the best today.
Linkedin ha…
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Added by Phil Rosenberg on July 16, 2010 at 4:56pm —
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Aflac has been on Fortune's list of the 100 Best Companies to Work For
for 12 consecutive years and has seen sales increase by $250 million to
$1.5 billion. But how do you go about managing such a dramatic change?
How do you continue to grow, while continuing to create innovative…
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Added by Phil Rosenberg on July 14, 2010 at 7:40pm —
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One of the more common tactical mistakes I see on resume is over-bolding - using too much bold.
Over-bolding creates many problems for your reader and even more problems for a candidate trying to get their point across to their 4 audiences (…
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Added by Phil Rosenberg on July 14, 2010 at 4:25pm —
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Do you have an egocentric resume? What’s an egocentric resume, you ask?
B…
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Added by Phil Rosenberg on July 14, 2010 at 4:18pm —
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Once again, IF OUR CLIENT OWNS THE S&P500, WHAT ANNUAL RETURN CAN HE/SHE EXPECT?
If you are looking for a fast and firm response to the above question, go ahead and stop reading. You're not going to find a definitive answer here.
The question above, as well as all questions about future performance, are more generally questions in the form of "How can I forecast the future when the the future is unknown?" In Part One of this series, I moved through three distinct ways of describing past re…
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Added by Austin Senseman on July 14, 2010 at 11:30am —
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I had the opportunity to speak with T.A. McCann, CEO of Gist.com, to discuss how Gist’s free service can help job seekers.
Gist.com is a plug-in for major email applications and web based email, that mashes-up your contact list with information from Facebook, Twitter, Linkedin, and Google to give jo…
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Added by Phil Rosenberg on July 13, 2010 at 10:37am —
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“You Never Get a Third Chance to Make a Second Impression.” I love this quote from Seth Godin (from Free Prize Inside, pg. 217), about how important first impressions are for job seekers.
First impressions are especially critical in an interview. Why do so few people do anything to mana…
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Added by Phil Rosenberg on July 12, 2010 at 12:26pm —
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This was a question posed by my running coach, and it’s so applicable to job search as well.
There are so many parallels between job search and marathons ...
My readers who know me know that I train for marathons and triathlons and run to raise money for the American…
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Added by Phil Rosenberg on July 12, 2010 at 10:24am —
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I am revising my lecture notes on euro as I have been assigned to take International Financial Management. I had last revised it in 2005 when euro was just six years old. It had stabilized and it also had the backing of enormous political commitment of leaders and citizens alike. I expected, as many others did, that euro would sail through any storms that may come its way. I had also, somewhat boldly, shared my view that in coming decades euro would offer stiff competition to dollar as the inter…
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Added by Sachidanand (Sacha) Singh on July 11, 2010 at 1:30am —
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Would you make a good employee for a start-up? Is a start-up a good fit for you?
In today’s tougher job market, more candidates consider start-ups than ever before. However, not all candidates are a good matches for start-ups. Here’s 6 ways to tell if a start-up company would be a good f…
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Added by Phil Rosenberg on July 9, 2010 at 8:08pm —
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You just got the call (or email) - the company chose another candidate. Why didn’t you get the job? Here’s 10 reasons ...
Before we get to the list, let’s discuss a few things. The obvious reason you didn’t get the job is because the company’s first choice (or second, or third) acc…
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Added by Phil Rosenberg on July 9, 2010 at 3:47pm —
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At the end of June 2010, the major job sites released hiring data and analysis for the month, indicating mixed results. Today's article summarizes job reports from Indeed.com, SimplyHired.com and CareerBuilder.com.
Not only is this data valuable for job seekers, but for business analyst…
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Added by Phil Rosenberg on July 8, 2010 at 6:44pm —
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In Interview in a Snap (
http://recareered.blogspot.com/2008/04/interview-in-snap.html ), I discussed research that found hiring decisions are made within the first 30 seconds of an interview … perhaps as short as just 2 second…
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Added by Phil Rosenberg on July 8, 2010 at 5:56pm —
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