Brain Teasers You have eight balls and a balance scale. One of the balls is heavier than the other 7. What is the lowest number of weighings on the scale that you need to do in order to determine which ball is heaviest? Answer Two Weigh 3 against 3. Either you have a set of 3 that is heavier than the other, or you know the heavier ball is in the remaining 2
From the remaining 3 or 2, weigh 1 against 1. Then you will determine the heavier ball. Announcements Upcoming Presentations: Technicals Alumni Mingle MIT Trading Competition Market Update: The Macro View
Mutual Funds & Asset Management Most active managers underperform the market Invest in S&P 500 or other index Passive management, cheaper fees and lower transaction costs Asset allocation decisions are more important than single-stock selection Risk-adjusted returns come from diversification
10 Relative Return Strategies Portfolio Theory Fixed Allocation (long-term historical) Long-term mean-variance optimization Efficient markets Adaptive Allocation (short-term historical) Markets change over time because of investor behavior Use trailing returns, correlations and volatility data instead
Tactical Allocation (historical + forward-looking) Forecast the market and incorporate your view into the allocation Market timing Black-Litterman model 11 Asset Classes & Correlations
Equity (Domestic, Intl) Fixed Income (Domestic, Intl) Cash, FX, Money-market funds Commodities Metals, Agriculturals, Energy, Softs Real Estate
12 Asset Classes & Correlations 13 Asset-Liability Management Retirement & Pension Funds Need to pay out fixed pension benefits or retirement benefits (annuities/perpetuities) Must invest in securities to match the
payments Insurance companies Receive fixed insurance payments forever, in exchange for low-probability high-payout Reinsurance to spread risk 14 Asset-Liability Management Fixed-income portfolio immunization
Detect and Avoid for MB-OFDM Date: 2005-09-20 Authors: Notice: This document has been prepared to assist IEEE 802.19. It is offered as a basis for discussion and is not binding on the contributing individual(s) or organization(s).
Bāzes līmenis soli pa solim. Slaids Nr. I Solis: Datu apkopošana un enerģijas patēriņa rēķinu saraksts. Enerģijas patēriņa rēķini ir pamats bāzes patēriņa līmeņa aprēķināšanai, ņemot vērā to oficiālo, neatkarīgo un pārbaudāmo raksturu.
Brendan Behan play, The Hostage (1958) IRA man on the run: Carol Reed's Odd Man Out (1947) film. Orson Welles' film Mr Arkadin (1955)—uses the fable of The Scorpion and the Frog * The Scorpion and the Frog [Frog] takes...
Zeus was safely being raised by Nymphs and shepherds.Eventually Zeus grew up and Rhea, his mother, told him about what Cronus did to his siblings.Zeus made a promise to his mother that he would make Cronus pay for what he...
TMIP-M is an ever evolving process! DAP 19 will correct discrepancies in fielded SAMS 029-09.03.00 and 029-09.03.01 versions for AMMAL verification, fix errors in the recording of RH issue periods that span two calendar years, and update immunization tables.
The DSM on ternary cipher could be alternatively implemented using smaller, 64-element symbols (512ns), where there would be similar 64x64 correlations, however twice as many in any given time. Due to lack of guard intervals, ternary cipher symbols are overlapping,...
Explain how heat and work transfer energy. Relate . thermal energy to the motion of particles that make up a material. Relate . temperature to thermal energy and to thermal expansion. Calculate . thermal energy, temperature change, or mass using...
Ready to download the document? Go ahead and hit continue!