...February 17, 2013
The article, “The Sharpe Ratio and the Information Ratio”, by Deborah Kidd is about the original risk-adjusted performance measure and they are Sharpe ratio and the Information Ratio. William Sharpe designed the first performance metric to insolate excess return per unit of total risk taken. The Sharpe ratio shows whether a portfolio's returns are due to smart investment decisions or a result of excess risk. The Sharpe ratio measure dividends average portfolio excess return over the sample period by the standard deviation of returns over that period. It measures the reward to volatility trade-off. The Information Ratio is a ratio of portfolio returns above the returns of a benchmark to the volatility of those returns. The information ratio divides the alpha of the portfolio by the nonsystematic risk of the portfolio. It measures abnormal return per unit of risk that in principle could be diversified away by holding a market index portfolio. There are two key points that the author was communicating to its’ readers. The first key point relates to the advantages and disadvantages of the Shape ratio. The second key point relates to the advantages and disadvantages of the Information Ratio.
The first key point is the advantages and disadvantages of the Sharpe ratio. A disadvantage of the Sharpe is that it is expressed as a raw number and the higher the...
...What Can You Learn From “The Sam Walton Way?”
By Michael Bergdahl, International Speaker
Author of the Book, “The 10 Rules of Sam Walton”
I was fortunate to have had the opportunity to work with, and around, Sam Walton, the founder of Wal-Mart. That’s how I learned that “The Sam Walton Way” IS “The Wal-Mart Way.” What’s interesting about Sam Walton is that he was an ordinary man who accomplished the truly extraordinary through vision, hard work, and a never- say-die attitude.
Starting with little money, and a few people who believed in him, he built a corporate empire of staggering proportions. His company is now the world’s largest in sales ($378 billion), number of employees (2 million) and in the sheer size of its IT systems. The company has 7000 stores in 14 countries and it is still growing! Wal-Mart’s sales are greater than those of Home Depot + Kroger + Target + Sears + Costco + K-Mart combined! In fact, today, Wal-Mart is the largest company in the history of the world, and it faces staggering challenges never faced by any other company before! If current growth trends continue, at 7% per year, the company will eclipse $500 billion in annual sales in just over 4 years, and will become a trillion dollar a year company in sales by 2023!
So, just what can we learn from the amazing success of Sam Walton and Wal-Mart?
In a word, PLENTY! I think the tactics...
24 November 2012
"A Bullet Never Lies," a line from the popular movie, Man on Fire, seems to be more than just a line from a fictional character, it rings some truth, just ask one of America's Early leading political figures who helped not only physically shape the united states with the addition of Texas, but also greatly influenced the political system through his business and politics. He is more than just a military training post or a large university, Sam Houston was a great war leader, political leader, and family man who lived by his own words, "A leader is someone who helps improve the lives of other people or improve the system they live under," and formed a legacy second to none. Most importantly, Samuel Houston's education and military experience are the back bone to his incredible influence in the war for Texas independence and later, the annexation of Texas.
Now, a discussion cannot be made about such a man's influence without briefly mentioning where his experiences stem, what exactly made the this man capable of such influence on others to carve his name in history. Sam Houston was born in Shenandoah, the fifth of nine children. Self educated and highly motivated to move off the farm, Sam Houston ran away at 15 to live with the Cherokee (Buenger). After three years with the Cherokee, and two years teaching for money, Sam Houston joined the army where he...
...There were several characteristics of Sam Walton that enabled him to be successful in his life and business dealings. Sam Walton could do anything he put his mind to. This can be witnessed in his ability to transform a small town store into a 25 billion-dollar industry at the time of his death. Walton did not want to be poor, and this helped to push him when the going got tough because he knew what the possible outcome would be. For example, when Walton first started producing more Wal-marts, he was in great debt. In fact the only way he could get out was to make more stores and continue to set lower prices than the competition. Walton grew up into a poor environment as a child, so he knew what it was like to be at the short end of the stick. Perhaps his difficult childhood gave him something to strive towards later on in his life. Walton learned several things from others as well. For instance, he learned to economize from his job at J.C. Penney. And while he was developing his first general store, Walton saw what the competition was doing wrong, and did the complete opposite, such as selling more quantity in order to make a bigger profit in the long run. It can probably be stated that Sam Walton would not have been as successful if his devoted wife had not been there along his side. Always there for him, Mrs. Walton was able to keep the entire family together during the hard and difficult times. While Sam was out...
...Sam Sheppard trials
On July 4, 1954, the wife of a handsome young doctor, Sam Sheppard, was brutally murdered in the bedroom of their home in Bay Village, Ohio, on the shore of Lake Erie. Sheppard denied any involvement in the murder and described his own battle with the killer he described as "bushy-haired."
Starting on the day of the murder, the media began to attack Sheppard on any occasion they could. Stories were obtained in unethical, and nearly unlawful ways. Even though they were permitted to do so by the courts, going into Sheppard's house and looking through his belongings was not the most ethical practice. Also, though the courts also allowed them to witness the testimony of Sheppard about his wife's death, they really shouldn't have agreed. Stories were written in an unscrupulous manner. The “trial before the trial” was a meeting between the coroner, Samuel Gerber, and Sheppard, in which Gerber fired questions at Sheppard in front of the entire community – without Sheppard’s lawyer present. The media was allowed to sit in on this hearing and wrote stories about Sheppard being unfairly given too much leeway as a murder suspect (law2).
Finally, the amount of stories written about the trial and murder was higher than had been printed in Cleveland about a single murder. Cleveland newspapers printed stories almost every single day for the duration of the situation. Most of these were speculation only, however, or...
...Sam Houston : A True Frontier Legend of the United States
Sam Houston was a great man who was involved with much of the early development of America and especially Texas. He was a soldier, lawyer, politician, businessman, and also family man. He was taken adopted by the Native American who later became the people he admired and supported. They together helped to bridge the gap between the American government and the Native American. Sam Houston succeeded in many roles in American's history, and was praised to be one of the true American heroes.
Sam Houston was born to Major Sam Houston and Elizabeth Paxton Houston on March 2, 1793 at Timber Ridge, Rockbridge County, in the Shenandoah Valley. In 1807, when he reached the age of thirteen, he lost his father. Later, Mrs. Houston, his mother, took him and the rest of the family to a farm on Baker Creek in Tennessee. Sam was unhappy with farming, so he ran away to live with the Cherokee tribe. At the age of seventeen, he came back home for a short period and then returned to the Cherokees, where he was adopted by the chief of the tribe received an Indian name "Black Raven." Two years later, he came back to Tennessee and opened a successful private school.
In 1812, he enlisted in the regular army as a private. Within the year, he was promoted to Third Lieutenant to the 39th Infantry Regiment where Houston was badly wounded twice at The...
British born director Sam Mendes is probably best known for his film American Beauty, his first feature length film released in 1999. Most directors don’t win vast amounts of recognition for their first film, let alone awards, but Mendes was nominated for eight Oscars and won five—not to mention eighty-three other film festival wins. His second movie, Road to Perdition (2002) also received a copious amount of attention; it was nominated for six Oscars, and won one. He then went on to create other extremely well known films such as Jarhead (2005), Revolutionary Road (2008) and, Away We Go (2009).
American Beauty deals with a non-traditional look at a man, Lester Burnham, (Kevin Spacey) who is in the middle of a mid-life crisis and develops a crush on his daughter’s friend, Angela (Mena Suvari). After meeting Angela he completely turned his life around—he quit his job in sales and got a job, instead, at a fast food joint; he begins smoking marijuana; he starts to work out again, etc. etc. Spacey’s wife, Carolyn (Annette Bening) is a realtor obsessed with her job almost as much as beating Buddy Kane (Peter Gallagher) the supposed ‘Realtor King” whom she beings to have an affair with. Lester’s daughter, Jane, (Thora Birch) develops a relationship with one of the new neighbors, Ricky Fitts who smokes and sell marijuana. His father is a retired United States Marine Corps Colonel and abhors homosexuals, which...
...fourth year, Canada had gained recognition all over the world. Canada had started emerging as a much stronger nation. When the First World War broke out in 1914, Canada was a much different country than it is today. At that time, Canada had a small population of eight million people. Still, more than 620,000 men served in the Canadian Expeditionary Forces. Within the first two days of the war, the Canadian forces had started organizing themselves under Sir Sam Hughes, the Minister of Militia and Defense. He appealed to the people of Canada, "I call for volunteers - volunteers, mark you. I have insisted that it be a purely volunteer contingent."
Sir Sam Hughes was Minister of Militia and Defense from October 1911 to November 1916. His decisive attitude strongly influenced the organization of the Canadian Expeditionary Force. Over confident about himself, he led his department in a manner that often brought controversies. Some of the actions he took were successful while others were substantial failures. In the long run, Sir Sam Hughes was compelled to tender his resignation. However, in spite of the negatives, his war efforts did lay the foundation of a stronger Canada. His abrasive character and judgments alienated many people and caused a great deal of administrative chaos. Although his army was poorly supported, it comprised of superior, well trained, and effectively organized troops. Still that wasn't it; the decisions he made...