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Medium 9781576754078

16 How Hedge Funds Operate and Are Sold

Slice ePub May 14, 2014
<p> <b>A</b> few years ago, I was the chairman of the investment subcommittee of the board of an important and creative nonprofit organization near Aspen, Colorado. The investment subcommittee was part of the finance committee, so it often met as part of a finance committee meeting. </p><p> As chairman of the investment subcommittee and the person most knowledgeable about investments, I recommended a fairly high allocation to stocks for the nonprofit’s small endowment of about $8 million (since it would be invested for the long run). I recommended passive funds—that is, indexes—for the actual investments. After some discussion, we agreed on a stock allocation, and the others agreed to the index recommendation. We chose for part of our index investment a broadly diversified, low-cost, indexlike “socially responsible” mutual fund. </p><p> I sent the committee a write-up with the usual caveats about the stock market. The caveats said that the stock market will almost surely produce a good return in the long run, but it will experience unpredictable declines along the way, some quite steep. </p><a class="default-logo-link" href="/ebooks/246663-the-big-investment-lie-what-your-financial-advisor-doesn-t-want-you-to-know">See more</a>

Medium 9780876111178

5. Restoration

Slice ePub April 30, 2014
<p> <strong><em>5</em>.</strong> </p><p> <strong>RESTORATION</strong> </p><p>BEFORE SHE DIED, Mamie McFaddin Ward wanted to make certain that her family home and possessions would be preserved and enjoyed by future generations. She had loved her home and spent her adult life caring for it. In her later years, however, she began to be concerned about what would become of it after she was gone. She had seen the fates of the other grand homes in Beaumont. Many of them slowly deteriorated and were eventually torn down; others were converted into apartments and businesses. Mamie could not bear the thought of her home suffering from either alteration or neglect; she would have it demolished first.</p><p>At the same time she realized that, aside from its sentimental value to her, the house had historical significance. It was the final survivor of a number of similarly styled mansions that had been built in Beaumont after the 1901 Spindletop oil boom, and her dedicated care of it had assured a high state of preservation. It was, after all, already listed on the National Register of Historic Places (1971) and designated a Registered Texas Historical Landmark (1976). Hence, Mamie McFaddin Ward decided that her home would be well suited to become a museum.</p><a class="default-logo-link" href="/ebooks/614734-the-mcfaddin-ward-house">See more</a>

Medium 9781933671123

Time-Based Effects

Slice ePub May 27, 2014
<p>Effects like Chorus, Delay, and Reverb fall under this category. They all duplicate the signal and shift it over time in some way or another. Chorus, Flanger, and Phaser shift the signal by small amounts to mimic the sound of two instruments playing simultaneously, or to create special effects. Delay and Echo offset the sound more drastically, so you're able to hear the track and its echo separately. Reverb uses multiple echoes to simulate sound waves bouncing around a room. I'm also including Tremolofluctuation in volume over timeunder time-based effects, although it functions differently than the other effects in this category.</p><p>All three of these effects shift the signal by tiny incrementsso small that you can't distinguish the original sound from its echo, you only hear the effect of the two signals combined. Here's a rundown:</p><p><strong>Chorus</strong>: This effect gives a track a little bit of shimmer. It can simulate two or more instruments playing together, or it can be used for a variety of special effects. For more subtle effects, keep the Intensity and Speed sliders toward the left side of their range. GarageBand also features a number of presets that offer good starting points.</p><a class="default-logo-link" href="/ebooks/362858-take-control-of-recording-with-garageband-08">See more</a>

Medium 9781591200321

About the Author

Slice ePub May 23, 2014

Medium 9781855754973

CHAPTER THREE: The ethics of supervision: developmental and archetypal perspectives

Slice ePub May 24, 2014
<p> <i>Hester McFarland Solomon</i> </p><p>This chapter argues that the provision of ongoing supervision, peer supervision, or consultation helps to ensure, among T other important functions, reliable access to ethical thinking in analytic practice. This does not in any way preclude the importance of, or suggest the lack of, an ongoing, active internal capacity for ethical thinking or an internal supervisory function that comes through the processes of internalization of the analytic attitude during the course of training and post qualification professional development. I am, however, advocating the expectation that analytic practitioners be aware of the need for constant attention to the ethical dimensions of their clinical work, and that this may best be fostered by supervision as a present factor in clinical practice.</p><p>The struggle to keep ethical thinking integral to clinical work and the theory building that develops out of clinical experience requires sustained diligence and is particularly needed in those areas of our analytic and therapeutic practice where we are likely to be the most tested as clinicians. The function of the ethical attitude in clinical practice is not simply a matter of a set of rules that can be forgotten as long as they are not contravened in the clinical setting. I have argued in other contexts (Solomon, 2000b, 2002) that the ethical attitude is integral to all our activities and relationships as human beings as well as clinicians, and especially to that most intimate, intense, and demanding of relationships, the analytic relationship. Since the time of the Hippocratic Oath, professional Codes of Ethics and Codes of Practice state the practitioner's commitment to ethical practice and the principles that underpin it.</p><a class="default-logo-link" href="/ebooks/228267-on-supervision-psychoanalytic-and-jungian-analytic-perspectives">See more</a>

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