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Facts and Fictions in the Securities Industry

By: Sam Vaknin

... self-delusion and socially-acceptable confabulations. These serve to hold together players and agents whose interests are both disparate and diame... ...ferent international environments and therefore applicable to multinationals or to national, export-orientated firms. The free cash flow of a firm... ...ture stream of dividends emanating from their share holdings to send their kids to college or as collateral. Yet, dividends seemed to have gone th... ... efficient and "walk" randomly. Prices reflect all the information known to market players - including all the information pertaining to the future... ...e gone bankrupt. This was implicitly acknowledged by governments as they rushed to nationalize banks and entire financial systems. In the last 14... ...tain of savings, they scoured the globe for assets to invest their capital in: from football clubs to stocks and bonds. The savings glut and the lo... ...d by a conglomerate of over 40 local government jurisdictions. Even its most famous college, Harvard, is in Cambridge and not in Boston itself. Many... ...bid. In a Dutch auction, the auctioneer announces a series of decreasing prices and awards the article to the first bidder. These epithets are used ... ...hronicle Media Group, eBookNet.org, and "Central Europe Review". Publications and Awards "Managing Investment Portfolios in States of Uncertainty...

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