Examlex
Select three of the following characteristics of language. In a well-supported answer, address (1) what it means, and (2) why it is important for an effective communicator to understand that concept. A superior answer will contain illustrations that are original and not in the textbook.
Characteristics: (discuss 3) (1) Words are symbols with meanings. (2) Words have denotative and connotative meanings. (3) Words reflect concrete and abstract meanings. (4) Words are culture bound. (5) Words are context bound.
Active Portfolio Management
The strategy of making buy and sell decisions of investment portfolio holdings, aiming to outperform certain benchmarks.
Modern Portfolio Theory
An investment theory that proposes optimizing the expected return for a given amount of portfolio risk, or alternatively minimizing risk for a given level of expected return, through diversification.
Markowitz
Harry Markowitz, an economist who developed Modern Portfolio Theory, emphasizing the benefits of diversification.
Excess Returns
Excess returns refer to the amount by which an investment outperforms a benchmark or risk-free rate.
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