January 2014

TERM OF THE DAY – proxy

                  “Repetition does not transform a lie into a truth.” -Franklin D. Roosevelt, radio address, October 26, 1939   Definitions (2) 1. A written authorization given by a shareholder for someone else, usually the company’s management, to cast his/her vote at a shareholder meeting or at another time. 2. More generally, a person who represents another person. …

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TERM OF THE DAY heuristics

            “We are what we repeatedly do.” -Aristotle Heuristics Trial-and-error procedure for solving problems (or reaching an unclear goal) through incremental exploration, and by employing a known criteria to unknown factors. For example, trying to climb a fog shrouded hill by making every step an upward-step. In journalism, a well known heuristic is asking Who? What? When? Where? Why? in investigating a news story. …

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BlackRock- BlackRock – Weekly Investment Commentary – December 30 2013

              “Education is the best provision for old age.” -Aristotle, from Diogenes Laertius, Lives of Eminent Philosophers     Overview 2014 should bring with it slightly better economic growth and a slow increase in real interest rates. We believe investors should continue to overweight equities in their portfolios. Additionally, …

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