Sunday, December 1, 2019

Investing Styles of Warren Buffett and Bill Miller

Investing styles of various prominent investors and funds take into account a wide range of factors. Their popularity in terms of attention from the investment community directly correlates with their success rates. The measurement of the success rate implies the comparison portfolio performance against the respective market. Warren Buffett and Bill Miller are amongst the most prominent figures in the investment industry because of their historically confirmed ability to outperform the market on a consistent basis. Therefore, there is sufficient evidence to compare and contract investment styles and approaches of Warren Buffett and Bill Miller. Furthermore, it will be possible to determine the main factors contributing to the success rates of the respective approaches.

Warren Buffet has been an active investor and the Chief Executive Officer (CEO) of Berkshire Hathaway Inc. The company has been active in acquiring other firms through its subsidiaries. The markets have been demonstrating primarily positive reaction to acquisitions through increases of the company’s share price (Bruner and Carr). Warren Buffett remains amongst the richest individuals in the world, while serving as a CEO of Berkshire Hathaway Inc. The company has been paying its CEO $100 000 per annum, while he and the other insiders were holding 41.8 percent of the company as of May 2005. In addition, Mr. Buffet has stated that he was keeping 99.0 percent of his personal wealth with the company. The mix of the limited compensation for the position of the CEO and personal interest in success of Berkshire Hathaway Inc., were contributing to the investment attractiveness of the company for the other investors. Warren Buffett was pursuing an investment style of value investing, while acknowledging the effectiveness of the other approaches. Acquisition of PacifiCorp by the subsidiary of Berkshire Hathaway, MidAmerican Energy Holdings Company, was reflecting the approaches of Mr. Buffett towards investments, valuation, and long-term vision.

Thursday, October 10, 2019

The Concept of Tort Law Essay

Tort is considered to be a civil harm to a person or damage to the property which constitutes the breach of duty. Its litigation starts when the plaintiff is willing to get a compensation from the defendant by filing a suit. Apart from personal injury and physical harm, tort law is also applicable in the medical misinterpretation, product malfunctioning, negligent misrepresentation, violation of intellectual property, defamation, or trespassing. The severity of punishment depends on the specific circumstances in which judges can bring their subjective interpretation of the case. All in all, the tort can be intentional or negligent including the causation of events and injury to the victim.
The evolution of torts is identified by common law in which legal procedures and rules are invented by judges during the process of resolving cases. The origin of U.S. tort law has developed from the principles of the British common law system, which was later elaborated by the American judges. Common law in U.S (R. McCurdy and Robinson). The body and concept of tort law are constantly developing so the judges often make amendments based on the specific cases to find a right decision. This constitutes a problem in providing a right definition of what is a tort law as it develops in ad hoc fashion based on specific circumstances. In contrast to tort law, criminal law is strictly regulated according to the judicial system in the necessity to track violations of laws and punish the criminals.

Friday, February 1, 2019

PERT Essay

Program or Project Evaluation and Review Technique (PERT) assist in planning a certain project. It defines the activities, which should be involved in the process of completing the project and determines the time needed in order to complete these activities. PERT is a useful tool for planning big and complex projects. It concentrates on the different tasks and the way they should be handled by illustrating their sequence and the connection between them in the PERT chart. This technique also allows determining different time periods, which can be used for completing a project; from the minimum to the maximum one. Activities in the PERT chart strictly depend on the previous tasks, which must be finished in order to move forward with the project. It shows exactly when one activity ends and another one begins, and what activities can be performed simultaneously. PERT allows calculating a ‘critical path’. It shows the minimum time required to complete the project, which cannot be prolonged because it will cause a delay of the completion of the entire project.

Essay about South African Employment

Traditionally, South Africa is considered to be one of the leading countries of the African continent. This country is characterized by a well developed economy that certainly positively singles the South African Republic out of other states of the continent. Nonetheless, it would be a great mistake to think that the situation in the country is perfect and there are no problems at all. In stark contrast, the South African Republic currently faces a number of problems, many of which are, to a significant extent, the result of the country’s history, notably of its official policy of apartheid. In fact, apartheid was one of the most discriminating policy in the world and its end was naturally welcome by all democratic and progressive people.

At the same time, the policy has gone but the problems remained. One of such problem is the problem of employment relations that exist in the country and which have started to shape wrongly from the beginning and nowadays the government, representative of employers and employees of both black and races have to reform and improve them in order to make employment relations really democratic and efficient. Actually, it is this problem that is in the focus of attention of E. Donnelly and S. Dunn who discussed it in their article “Ten Years After: South African Employment Relations since Negotiated Revolution”.