Friday, May 18, 2007

Increase Your Vocabulary

doughty \DOW-tee\, adjective:

Marked by fearless resolution; valiant; brave.

doughty \DOW-tee\, adjective:

Marked by fearless resolution; valiant; brave.


acrimony \AK-ruh-moh-nee\, noun:

Bitter, harsh, or biting sharpness, as of language, disposition, or manners.


denouement \day-noo-MAWN\, noun:

1. The final resolution of the main complication of a literary or dramatic work.
2. The outcome of a complex sequence of events.

celerity \suh-LAIR-uh-tee\, noun:

Rapidity of motion or action; quickness; swiftness.


pastiche \pas-TEESH; pahs-\, noun:

1. A work of art that imitates the style of some previous work.
2. A musical, literary, or artistic composition consisting of selections from various works.
3. A hodgepodge; an incongruous combination of different styles and ingredients.

moil \MOYL\, intransitive verb:

1. To work with painful effort; to labor; to toil; to drudge.
2. To churn or swirl about continuously.
3. Toil; hard work; drudgery.

sapid \SAP-id\, adjective:

1. Having taste or flavor, especially having a strong pleasant flavor.

argot \AHR-go; -gut\, noun:

1. A specialized and often secret vocabulary and idiom peculiar to a particular group.
2. A secret language or conventional slang peculiar to thieves, tramps, and vagabonds.


prepotency \pree-POTE-n-see\, noun:

1. The quality or condition of having superior power, influence, or force; predominance.



circumspect \SUR-kuhm-spekt\, adjective:

Marked by attention to all circumstances and probable consequences; cautious; prudent.



gregarious \grih-GAIR-ee-us\, adjective:

1. Tending to form a group with others of the same kind.
2. Seeking and enjoying the company of others.



prolix \pro-LIKS; PRO-liks\, adjective:

1. Extending to a great length; unnecessarily long; wordy.
2. Tending to speak or write at excessive length.



bedaub \bih-DOB\, transitive verb:

1. To smudge over; to besmear or soil with anything thick and dirty.
2. To overdecorate; to ornament showily or excessively.



refractory \rih-FRAK-tuh-ree\, adjective:

1. Stubbornly disobedient; unmanageable.
2. Resisting ordinary treatment or cure.
3. Difficult to melt or work; capable of enduring high temperature.



abecedarian \ay-bee-see-DAIR-ee-uhn\, noun:

1. One who is learning the alphabet; hence, a beginner.
2. One engaged in teaching the alphabet.
3. Pertaining to the letters of the alphabet.
4. Arranged alphabetically.
5. Rudimentary; elementary.



obviate \OB-vee-ayt\, transitive verb:

To prevent by interception; to anticipate and dispose of or make unnecessary.




toper \TOH-puhr\, noun:

One who drinks frequently or to excess.



errant \AIR-uhnt\, adjective:

1. Wandering; roving, especially in search of adventure.
2. Deviating from an appointed course; straying.
3. Straying from the proper standards (as of truth or propriety).
4. Moving aimlessly or irregularly; as, an errant breeze.



excursus \ik-SKUR-sus\, noun:

1. A dissertation that is appended to a work and that contains a more extended exposition of some important point or topic.
2. A digression.




presentiment \prih-ZEN-tuh-muhnt\, noun:

A sense that something will or is about to happen; a premonition.




autochthonous \aw-TOK-thuh-nuhs\, adjective:

1. Aboriginal; indigenous; native.
2. Formed or originating in the place where found.



expunge \ik-SPUNJ\, transitive verb:

1. To strike out, erase, or mark for deletion; to obliterate; as, "to expunge words, lines, or sentences."
2. To wipe out or destroy; to annihilate.




dour \DOO-uhr; DOW-uhr\, adjective:

1. Harsh; stern.
2. Unyielding; inflexible; obstinate.
3. Marked by ill humor; gloomy; sullen.




clerisy \KLER-uh-see\, noun:

The well educated class; the intelligentsia.

empyrean \em-py-REE-uhn; -PEER-ee-\, noun:

1. The highest heaven, in ancient belief usually thought to be a realm of pure fire or light.
2. Heaven; paradise.
3. The heavens; the sky.
4. Of or pertaining to the empyrean of ancient belief.



cogitate \KOJ-uh-tayt\, intransitive verb:

1. To think deeply or intently; to ponder; to meditate.
2. To think about; to ponder on; to meditate upon; to plan or plot.



entreat \en-TREET\, intransitive verb:

1. To make an earnest petition or request; to plead.
2. To ask earnestly; to beseech; to petition for.

Wednesday, May 16, 2007

Corporate Governance

Corporations have Executive Board and Supervisory Board


Supervisory Board
More for looking at operations from shareholder and society's point of view. May have one or more people from the Board of Directors of Executive Board. Usually the Chairman.

Executive Board
Chairman and CEO - Chief Administrator
President - Ceremonial Head (May be combined with COO sometimes)
Chief Operating Officer (COO) - Operations Head (Like Managing Directors in UK)
-------Executive Vice President/Vice Chairman division head
---------VP
-----------Director
-------------Staff Manager
----------------Engineers/Senior Engineers/Staff Engineers


Executive Board also has a Board of Directors which provide direction to the company.

These may be Chairman, CEO, President, COO and some EVPs




Management operates through various functions, often classified as (POLC)
Planning,
Organizing,
Leading/Motivating
and
Controlling.

Planning: deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action.

Organizing: making optimum use of the resources required to enable the successful carrying out of plans.

Leading/Motivating: exhibiting skills in these areas for getting others to play an effective part in achieving plans.

Controlling: monitoring — checking progress against plans, which may need modification based on feedback.

Tuesday, May 15, 2007

Bubble in Real Estate?

Why Is Southern California Housing So Expensive?

There is an excellent article here

Monday, May 14, 2007

HOW TO - Innovation and Leadership

At Wharton's 125th Anniversary a debate about how to lead in a way that fosters innovation?


  1. Talk to customers and see what is causing them to be unproductive. Try to solve those that might lead to innovation
  2. Passion for work.
  3. Good People in your company who are willing to learn everyday
  4. You cant work hard at something that you dont like/love and you cant succeed without working hard.
Good Luck!!!

HOW TO - Finding Rate of Return

Problem - Find what interest was earned on an annuity in which you gave $6000 3 years back and now has $6957?

Solution

FV = 6957
PV = 6000


METHOD 1 = NTH ROOT MANNER
(1+R)pow 3 = (6957/6000)
1+R = Cube Root of (6957/6000)
1+R = 1.05
So Rate of return was 5%



METHOD 2 = LOGARITHM MANNER
(1+R)pow 3 = (6957/6000)
Take log on both sides

3 Log (1+R) = Log (6957/6000)

Log (1+R) = 0.0214

In general if we have to find the log of a number what are we finding?
We are finding an exponent to which we will raise the base (in this case 10) to get that number.

e.g Log (100) = Exponent we will raise 10 to get 100 which is 2

In the above case we already have the exponent to which we will raise 10 to get (1+R)

So that means (1+R) = 10 pow (0.0214)

1+R = 1.05
R = 5% in this case also

Reference

http://support.microsoft.com/kb/214116


=LOG(n,b) Log base b of n =LOG(8,2) 3

=(b)^(x) Inverse log of the =2^3 8
number x, base b

=LOG10(n) Log base 10 of n =LOG10(100) 2

=10^(x) Inverse log of the =10^2 100
number x, base 10

=LN(n) Natural log of n =LN(100) 4.6051702

=EXP(x) Inverse natural =EXP(4.6051702) 100
log of the number x

Sunday, May 6, 2007

New Investor Information

Welcome to the INDUS Global Investment Research (IGIR) Group. We specialize in global equities and capital market research and investments.

Our goal is to provide quality research and investment advice to our clients. Our methodology of investments is based on comprehensive economic research from multiple data sources to find the best opportunities based on the current global market and economic forces for a longer term growth potential.

Our client relationship is built on partnership for success that recognizes the need for a complete understanding of each individual client situation. We provide clarity, confidence and convergence to our clients for managing and optimizing their assets with minimal risk.


The research we do for clients could be :-
a. Macro Economic or Country Specific
b. Equity Based Research
c. Fundamental Valuation Models
d. Technical Analysis/Trends
e. Statistical and Stochastic Modelling
f. Options Based Research
g. Historical Market Research

Within IGIR Group of companies, IGIR Funds is the investment arm that manages capital using multiple strategies.

To find more about how we can help you achieve your long term financial goals, kindly get in touch with our investor relations at IGIR