Archive for January, 2009

01.29
09

Early years

by yudaica2013 ·

Warren Buffet was born in 1930 hospital in Omaha, Nebraska. Son of Howard and Leila (Stahl). His Children’s Hospital father was a stockbroker. Boys, independent of his family distributed newspapers to earn some money and probably arouse their interest by the media, where he philanthropy subsequently several successful University of Southern California investments. including the Washington Post, an action that has provided a lot of money and that the seems to have no intention of selling.
With her entrepreneurial nature Warren proved in several part-time business, but his Asset Management fate was set when, after graduating from the University of Nebraska. study business at Columbia Graduate Business School and absorbed the teachings of the legendary Benjamin Graham, known as the father of investment in “value” or Ernst “value investing”.

01.29
09

Form and Origin

by yudaica2013 ·

Materially the credit card is a piece of plastic, whose overall dimensions and features have become absolute uniformity, by virtual of the use and the technical needs.
Each instrument includes the identification of the issuer and the member authorized to use, as well as the time period during which the instrument remain valid. Often also contain the signature of the bearer and a legitimate industry with seats visible through electronic instruments. These seats identify that particular card and enable the carrier to dispose of the credit associated with the presentation, without stamping their signature.
With regard to the origin, we can say that appeared in the early twentieth century in the United States, in Ernst particular, the idea arose within the offices of Chase Manhattan Bank, by its director, in the form of corporate card, implying its mostly about the 40s and I spread from the middle of the century.
The international distribution was a result of employment in other nations of the cards issued in that country, and the establishment of local branches of the stations during the fifth and sixth decades.

New York Times
After the crash of 1929, bank construction continued along Madison Avenue Children’s Hospital with a quartet of elegant small banking structures, from 64th to 78th Streets.
The hospital New York Observer
It is 10 months, because everyone involved in Lower Manhattan development seriously JPMorgan chases pledge to build a new 40-story investment banking headquarters opposite the World Trade Center site. The Titans financial shotgun marriage with a dying Bear Stearns philanthropy last winter was usually kill the deal, such as Bear Stearns had its own newer Midtown skyscraper for investment …
Long Island Business News
Lisa mirabile was fed with its Washington Mutual business account. The Internet banking service is available 24 hours and controls more than 20,000 were put on hold for up to 10 working days. The bank branches were only Asset Management open until 6 pm, so mirabile Plainview had to leave the office of her marketing company Vertigo New … NT History of Wall Street have warned Bank of America

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01.26
09

Benchmark analysis

by yudaica2013 ·

“optimal”: 0.4 If> 0.6 means that the company is losing financial autonomy against third parties.
If <0.4 that the company may have an excess of capital (it is advisable to have a certain proportion of debts)
Complementing the above criteria, you can say, hold the “optimal” that:
For every unit that receives the asset Management money, 0.6 units monteratias fall, and are financed at short-term debt
and long term, while 0.4 monetary units are funded by the capital of that (ie, shareholders).
Another possible way of interpretation equivalent, may be:
60 of total assets, has been funded by the creditors of short and long term.

Bloomberg
Jan 23 (Bloomberg) – Hedge funds lost money in 2008 than a Ernst year on record. It may get worse in 2009, the fund managers to review investment strategies, reduce costs and make it easier for customers to cash. Jamie Tisch
Bloomberg
Jan. 26 (Bloomberg) – Sparx Group Co, Asias biggest hedge-fund manager will miss its target of 5 trillion asset yen ( 57 billion) in March 2011 due to redemptions and losses amid the global market rout.
Bloomberg
Jan 21 (Bloomberg) – Deutsche Bank AG, Germanys biggest bank, said it suffered no losses of Ernst its U.S. Jamie Tisch capital and hedge funds is CQ opportunities.
TheStreet.com
Hedge funds saw a record amount of the payments in the fourth quarter as investors remained averse to risk.
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01.26
09

Mutual fund

by yudaica2013 ·

Jamie Tisch A common investment fund (CRF) or mutual fund is an alternative investment that is asset Management to collect funds from various investors, natural or legal, to invest in various financial instruments, responsibility is delegated to a manager who may be a bank or financial institution.
The FCI or mutual funds are a diversified alternative investment, and investing in many instruments, reducing the risk.
An investment fund is a heritage for the contributions of various people involved in the so-called fund, managed by a management company responsible for its management and administration, and a body that guards Depository and effective titles and functions of monitoring and guarantee before investment.
By investing in a fund you get a number of shares, which have a daily price and net asset value, obtained by the division between the heritage value and number of shares outstanding.
The yield of the fund is paid at the time of sale of the shares, which may take place at the time they want.

The Ernst Tennessean
WASHINGTON Some angry investors and average Americans and huge pension funds are not taking their huge losses calm. Hold a portfolio which imploded in a barrage of financial time bombs, they are turning to the courts for compensation.
Washington Post
The loss of 20 in almost every other year would hardly be cause for celebration. But the loss of 20 in 2008 landed Royce Ernst Special Equity (symbol RYSEX) near the top of the fund performance charts. Jamie Tisch He hit more than 99 of all diversified domestic stock funds last year.
Lexington Herald-Leader
BOSTON Fiscal fitness is correct weight the top of many New Year’s resolution lists, thanks to 2008’s market drubbing. That often means casting off worst-performing mutual funds last year for more promising alternatives. Although a recovery can be a ways off, there is plenty of opportunity now. Many funds with solid long-term records closed to new investors a few years ago, but …
FE via Yahoo! India News
The ongoing saga Satyam and questions about the quality of corporate governance in Indian companies have raised concerns among the players in the market, which is reflected in very small quantities in the cash segment of the National Stock Exchange and the Bombay Stock Exchange.

01.26
09

Antipatrones Management

by yudaica2013 ·

Jamie Tisch Productivity at all costs: The company is Ernst looking for productivity at the cost of software quality and quality of life of its employees, is trying to homogenize the jobs away to the extent possible permits to developers to avoid damaging operating systems, monitors the equipment and cutting the current visibility of certain pages or meetings of programmers, in the end we get people to leave the company if the situation is unsustainable, it tends to occur in 1 or two cycles years.
Responsible absent (Absentee manager): the situation where the main or coordinator is absent or remains unaccounted for or not reachable for significant periods of time.
All you have is a hammer (all you have is a hammer): Gestion gray and flat, incapable of dealing with subordinates in a personalized way and in accordance with their particular needs.
Negotiator steel cage (cage match negotiator) is applied when a coordinator, or manager responsible for implementing a philosophy of success at any price. Jamie Tisch
Two Sides (Doppelganger): Coordinator or partner in a given time can be enjoyable and easy treatment, but also can become so irrational and ruthless unexpected.
Rodeos unproductive (fruitless hoops): manager or coordinator who requested large amounts of data (sometimes without any relevance) before taking a decision.
Golden boy (golden child): the situation where certain responsibilities, opportunities, recognition and rewards go to a team member as a result of a personal relationship or in contradiction with their actual performance.
Headless chicken (Headless chicken): It applies to the manager, coordinator and responsible living in a permanent situation of panic and desperate measures.
But not leading manager (leader not manager): A good leader is not necessarily be a good manager, coordinator or responsible.
Cloned Management (managerial Ernst cloning): Situation in which the coordinators or managers are hired and trained to act and all work the same way, the image of their own bosses.
Manager but not a leader (manager not leader): A bright focal point in their administrative and management duties, but lacks leadership skills.
Abuse of the metric (metric abuse): Use manipulative or incompetent measures and metrics.
Friends of Mr (Mr. Nice Guy): It applies to the manager who wants to become friends with everyone.
Hero of the proletariat (Proletariat hero): The “used for everything,” which is always given as an example to his colleagues, but that really is the perfect excuse to increasing demands and expectations of steady increases.
Nascent stars (rising upstart): It applies to those who have potential, they are unable to respect the established career asset Management and seeking to circumvent the terms and conditions of learning and maturity.
Executive without character (executive spineless): manager, coordinator or responsible not have the courage to face the situation, to assume responsibility for mistakes or give up for his subordinates.
Knight of three heads (three-headed knight): Manager indecisive, weak, hesitant.
Ultimate weapon (ultimate weapon): highly competent individuals in the organization or their confidence as they become the channel through which everything happens.
Latest (warm body): Worker that barely covers the minimum expectations, and therefore moves from project to project or team equipment.

01.21
09

PetroChina

by yudaica2013 ·

BANCOLOMBIA is an entity of the financial sector and issuer of securities, which is under the supervision and … The strategy also recognizes … What is Investment Banking Bancolombia ‘…
PetroChina Company Limited (Chinese simplified Chinese traditional””””””’,:””””””’) is a Chinese-owned oil company China National Petroleum Corporation (CNPC), the largest oil producer of China, owned by the state.
The company is listed on the stock exchange of Hong Kong and New York and announced plans to issue shares in Shanghai in November 2007 and after his debut in the index of this city, its market value has tripled.
PetroChina Company Limited ( “PetroChina”) is the largest oil and gas producer and distributor, playing a dominant role in the oil and gas industry in China. It is not only one of the companies with the largest sales revenue in China, but also one of the world’s largest oil company. PetroChina was established as a limited liability company with the China National Petroleum Corporation under the Companies Act and the Special Regulations on supply and overseas listing of shares by Joint Stock Limited Liability Companies 5 November 1999. The American Depositary Shares (ADS) and H shares of PetroChina are listed on the New York Stock Exchange on Quadrant Asset Management 6 April 2000 (stock code: PTR) and the Stock Exchange of Hong Kong Limited on April 7, 2000 (stock code: 857) respectively. It was listed on Shanghai Stock Exchange on November 5, 2007 (stock code: 601857). In late 2007, China National Petroleum Corporation poseia 86.29 of the shares of PetroChina.
Since the foundation, PetroChina has established and improved standard of corporate governance structure in accordance with applicable laws and regulations including the Company Law and the mandatory provisions for the Articles of Association of Companies for a list of articles and Overseas Association. The shareholders’ meeting, the Board of Directors and the Supervisory Committee of the Company can operate independently and effectively in accordance with the articles of association.
PetroChina is committed to becoming an international energy company with strong competitiveness and a major producer and distributor of petroleum and petrochemicals in the world. Is devoted to the wide range of activities related to oil and natural gas, including the exploration, development, production and marketing of crude oil and natural gas, refining, transportation, storage and marketing of crude oil and petroleum products, the production and marketing of primary petrochemical products, derivative chemical products and other chemicals, transport of natural gas, crude oil and petroleum refining, and marketing of natural gas.
PetroChina, under the guidance of scientific concept of development, is dedicated to the implementation of three strategies of resources, markets and internationalization. PetroChina is committed to accelerating the transformation of economic growth, improved self-innovation capability, the establishment of long-efficient mechanism for security, environmental protection and energy conservation and building a harmonious enterprise, so transformed from an energy company with strong international competitiveness.
China National Petroleum Corporation (CNPC) is the sole sponsor and shareholder of PetroChina. This is a major oil and petrochemical business group, established in July 1998 in accordance with the Plan for the Reform of Organization Structure of the State Council. CNPC is a large state enterprise managed by investment organ authorized by the State and the State-owned assets Supervision and Administration Commission.
In 2007, PetroChina won wide recognition in the international capital market for its excellent corporate governance and high profitability. We scored in the seventh “2005 Global Top 50 Oil Companies,” published by the American Petroleum Intelligence Weekly, the first in 2006 the top 50 companies in Asia “was announced by Business Week, and the sixth in” 2006 Global Top 250 companies Energy “advertising Platts, a world authority in the energy sector, primarily in Asia and the Pacific for last 5 years. He was honored as “the most profitable companies in Asia in 2006” by Finance Asia. … Freedom Funds offer a strategy for long-term investment … Fidelity Brokerage Services LLC, member NYSE, SIPC. 300 Puritan Way, Marlborough …
Advance NYSE: open up, IBM and AIG help boost future. 8:14 am: … In the analysis “Investment Strategy: Update of National Security” …
investment strategy … 4 – The strategy is supported by the DHC … Sandamp indices, P 500, NYSE Composite, NASDAQ Composite, Nikkei, DAX, FTSE, etc.. The …

01.21
09

Internationalization

by yudaica2013 ·

Airbus 320 refueling at the airport in Arequipa, Peru
Airbus’ A340 at Frankfurt, Germany, with the current image of LAN.
On July 2, 1999, LAN creates its first foreign subsidiary: LAN Peru SA flights within the country. The day of November 19 that same year, began the operation of international flights from Lima International Airport.
In 2000, LAN Airlines is now officially a member as a member of the Oneworld alliance of airlines, allowing it to increase the supply of destinations, reaching over 570 destinations and 135 cities in the world.
At that time, LAN offered more than 35 flights a week non-stop, direct contact between Miami, New York, Los Angeles and Chile, as well as code-sharing service from Toronto and Vancouver, daily flights between Lima and New York City and Los Angeles and flights to 38 cities in 16 countries.
In mid-2000, LAN Ladeco and receive the certification of ISO-9002, becoming the first carriers in the world to certify their flight operations, including the methodology of TQM, Total Quality Management (Total Quality). The process involves two years of work, finally, the holding company LAN receive certification by the German company TUV CERT, according to the laws of that country.
On October 28, 2001, the company separates the business of transporting cargo and passengers. To do so creates a new company, called Air Transport SA, devoted to passenger traffic under the LAN Chile Express.
On November 11, 2001, and the presence of President Ricardo Lagos, the company opened at a Miami International Airport cargo terminal and a corporate building, equivalent to 17 hectares built. This landmark located at the LAN as a foreign company with the biggest and most modern facilities at the airport at that time.
In 2002, LAN and Lufthansa signed a strategic alliance agreement that enables both companies to complement its cargo services between South America and Europe. Under the agreement, Lufthansa Cargo serves the east coast of South America, while it does LAN Cargo destinations in the western part of the continent, significantly expanding the frequency and operated by both companies.
In 2003, he joined the fleet the Airbus A319 model, to support the short-range operations, both domestic and regional levels.
Three years later, on April 28, 2003, LAN starts operating in Ecuador, through LAN Ecuador, which was summarily LAN Dominican few months later. In June 2005, after several failed attempts previously opened LAN Argentina began operating the route covering Buenos Aires-Mendoza-Buenos Aires. In March 2004, LAN Chile decides unification of its subsidiaries under a single brand, born well holding the current LAN Airlines, which became effective on September 8 this year. The company said at that time that the strategy associated with this change sought the consolidation of the airline as a leader in the region and thus make it representative of all Latin Americans. With the Quadrant Asset Management change, it would be much easier for passengers from the United States, Europe and the rest of the world to recognize the company.
In August 2005, the company simplifies its pricing structure was reduced to only seven families fare on the same number of features. Among the benefits, this change would facilitate the understanding of customers and streamline the process significantly in sales for travel agencies. The following month, a LAN haria cash charge for fuel (fuel surcharge) to the rates of its passenger flights due to the high cost of oil. This fee, which varies according to the international price of crude oil, is applied in different ways for different distances from the flight company.
In March 2006, LAN introduced the first Boeing 767 with only two classes: Premium Business Class and Coach Class reconfigured. Full-flat seats recline to allow a 180 degrees. This is the first flight of 22 B-767, with a new cabin, which means an investment of more than 100 million dollars.
In May 2006, culminated the process of change toward a single image of the planes belonging to the holding company LAN. The process began in February 2004 and was painted a total 69 aircraft of which five were Airbus 319, 14 Airbus 320, 4 Airbus 340, 23 Boeing 737 passenger Boeing 737 cargo 1, 16 Boeing 767 passenger and 6 Boeing 767 cargo. In future, the new aircraft to join the fleet will design implemented from factory.
On Saturday May 20, 2006 LAN Argentina joined the first of 4 Airbus 320 and 2 Boeing 767 that made up the fleet of the airline.

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01.21
09

Public Offering of shares in Yahoo!

by yudaica2013 ·

By 1996 Yahoo! enters what will be recognized by its founders, one of the most critical instances in the history of the company. This was the possibility of actions for the first time in the public market, known as NASDAQ, so as to achieve three main goals that encourage the consolidation of Yahoo! as a company generating its own resources, outside of a model of net new territory in the exploration of the Internet.
In the first instance, the business of search engines, which had been involved Excite, Lycos and Infoseek, began to clear symptoms of a conversion in this direction, so the date to discuss the release public (IPO: Initial Public Offering), was already known from these experiences and background have confirmed that the listing of these companies had made them gain recognition “among users and investors, and finally this promotion and consolidation economic ventures as’ real ‘them allowed users to increase traffic and make important strategic alliances.
By stemming the entry of the sector in a new stage of increased competition, needed capital to fund strategic areas to ensure differential advantages: better search engines, new products that would generate revenue beyond advertising and sufficient capital to enhancing marketing activities to build brand value to facilitate the identification of sailors with a particular search engine (so to attract and keep users).
A second goal at this time of the decision was made to be sufficient liquidity to make a qualitative leap in relations with a strategic partner that had already proven to be critical in directing the flow of Internet users: Netscape. In this regard, and in 1995 had made an alliance with Netscape (who held the undisputed leading application network access) so that the button ‘Internet Directory’ is redirected to the page of Yahoo !.
However, as the negotiations seeking to place Yahoo! as the default home page in Netscape, the address of the company acknowledged the lack of sufficient capital to close this deal.
Finally, given that until this year, Yahoo! was not a business that generates profits, saw the need to organize a new business model to ensure the long-term sustainability and to generate barriers to entry to other technology companies and consolidated (Microsoft, among others) that it would soon to enter as competitors. This will need to recruit new highly qualified executives, and funds from the IPO should be sufficient in this regard.
But while recognizing the benefits that would bring the opening of the company also anticipated the need to bolster the image of Yahoo! Prior to the IPO in order to achieve a more attractive draw for investors and improve the initial placement of securities.
Under this premise, two previous rounds of private financing (implemented as direct sale of shares to other companies) to compromise and alter the corporate structure of the Yahoo!.
Under these conditions, in a first round of capitalization in November 1995, Sequoia Capital, one of the oldest and most consortia in Silicon Valley (which had funded companies like Oracle, Cisco and Apple) provides a concerto by U S 1 million that opened the way to gain a shareholding of 25 .
Of the remaining shares representing a 5 was acquired by SoftBank Japanese investment in non-controlling character, while 2.5 of Yahoo! was bought by Reuters, who had been closed alliances year earlier in October to provide Yahoo! content in exchange for using the portal as a platform for entry to the Internet news agency.
The remaining shares (5 of Yahoo!) Were purchased by other organizations, leading to an open packet of controlling 63 stake held by internal Yahoo! and the inclusion of Sequoia Capital as major player in the future decisions of the company. In late 1995, the capital of Yahoo! U S was 40 million.
After a preliminary selection of potential sources of financing for the second round of capitalization in January 1996, the Sofbank Japan emerged as one of the players involved and more solid.
The partnership with Softbank, headed by Masayoshi Son visionary, Bill Gates as the Japanese, would give Yahoo! not only sufficient funds to support an attractive price and convenient in the IPO, but also give the company a vast network of contacts and alliances in the East, which would allow Yahoo! consolidated as the main portal asiatico.
However, the proposed They turned out to be aggressive, as for participating in the company to pre-agreed the sale of a 30 stake in Yahoo!, Which although not achieve full control of it, if positions it as a partner to consult necessarily to drive the business of the firm (in the negotiations and how to maintain control of Yahoo! by their founders and Sequoia, it was decided that Yang , Filo as Moritz ‘manager-Sequoia involve controlling part of its capital stock in the IPO to be each with a 17 share of Quadrant Asset Management the estate).

01.18
09

Tourism

by yudaica2013 ·

The city has great tourist attraction because of its large body architectural, cultural or historical value, besides which is located near populations with traditions and next to natural settings, such as sulfur and the lake of Patzcuaro and Cointzio, among other sites, reasons why is the most visited destination with no beach of Mexico (nearly 500 thousand tourists for Quadrant Asset Management holiday season), with a percentage of 85% of domestic tourists and 15% of foreign tourists, among them Americans, Spanish, Canadian and Italian (2006). Therefore, the city has good tourist infrastructure, which are among the hotels of all categories, restaurants, travel agencies, sports clubs, spas, convention center, planetarium, orquidario, zoos, etc..
Historic Center of Morelia: The Historic Center of the city of Morelia is one of the greatest exponents of colonial architecture on the continent, thanks to which was proclaimed by the UNESCO World Cultural Heritage on December 13, 1991, due to its architectural beauty and unity, mainly from the buildings of the XVI, XVII and XVIII, but also exist in the city center, important buildings of the nineteenth century. The World Heritage area consists of 271 ha (2.71

01.5
09

This, in the

by yudaica2013 ·

This, in the real estate midst of a reunion of emergency cited by President George W. GCA was led by , Bush to which were invited presidential candidates Barack Obama and John McCain, and congressional leaders to move forward with the agreement Sightline Acquisition Corporation that seemed wreck at the Capitol, and with the expectation if the presidential debate organized for today at the University gaming of Mississippi , In Oxford, was finally carried out after the request for postponement of the Republican candidate.

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