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Facts and Fictions in the Securities Industry

By: Sam Vaknin

...hey are banks or other types of intermediaries. Note on Risk Aversion Why are the young less risk-averse than the old? One standard explanation i... ...a career and a home. Hence their reluctance to jeopardize it all. But, surely, the young have a lot to forfeit: their entire future, to start with.... ...e has money-value, as we all know. Why doesn't it factor into the risk calculus of young people? It does. Young people have more time at their dis... ...) TO MATURITY = [(1+r) n - 1] n = number of periods in 1 year 4. CURRENT YIELD (CY) = C / P b 5. COUPON RATE (C) 6. BANK DISCOUNT YIELD (BD... .... BEY = 365 ´ BDY / 360 - (BDY ´ n) 9. BDY < BEY < EAY 10. FOR PREMIUM BOND: C > CY > YTM (Loss on P b relative to par) TYPES OF BONDS ...

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Voices from the Past

By: Paul Alexander Bartlett

...who had joked and sported and sung ribald songs, as the popular friend of young men who were proud, rich, playful and naive? Here was someone speaki... ...w he would not need to shut his eyes. And his arms, hands, fin- gers—once young and sure—what could they remember? I could not keep back tears, tea... ... the pages of my journal, I am alarmed by the passage of time. When I was young, I thought time was a philanthropist. I remember so well that day ma... ...lost count,” were the words re- peated to me. Why do we wish to be older, younger, always in protest? Why are we never satisfied? I wish there were... ...s, Kleis and I have sailed, our boat a good fishing boat, cap- tained by a young man named Phaon. It was our first excursion around the whole island,... ...ng. We often walked around the lake and through the pollarded garden, its cy- presses like stone columns: we walked the moors until Christmas cold se...

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Cyclopedia of Economics

By: Sam Vaknin

...lessly. There is no quantitative law of conservation of mental states. We teach our youngsters – thereby replicating our knowledge and giving them c... ...n architecture, etc. This preference of the Elders (a term of veneration) over the Youngsters (a denigrating term) typifies them strongly. These cu... ...os just to survive). They are also more likely to have a youth cult: to prefer the young, the new, the revolutionary, the fresh – to the old, the h... ...es. The Encyclopaedia Britannica: "... Others have argued that because even rather young children are capable of showing empathy with the pain of ... ...nd, therefore, some children are more sensitive to moral prohibitions than others. Young children's growing awareness of their own emotional states... ...rder to preserve a minimum of supersymmetry in our 4-d universe, we use Calabi-Yau (CY) manifolds (on which the extra dimensions are compactified) f... ...folds (on which the extra dimensions are compactified) for low energies. A certain CY manifold even yields the transition from the big bang (10 or ...

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