June 2004
Beginner
504 pages
15h 36m
English
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Tracking Results
By tracking the performance of individual investments you can see whether your investments are doing the jobs you’ve assigned them. Tracking your overall portfolio shows you whether your portfolio management efforts are working. A well-tuned portfolio is a balance of risk [Hack #74] and return [Hack #83] , which also implies the proper doses of quality [Hack #85] and diversification of several types.
As it turns out, you have a choice when it comes to calculating returns, a fact that many mutual funds take advantage of when they tout their winning records. You can learn how to calculate returns for different purposes in [Hack #81] , [Hack #83] , [Hack #84] , and [Hack #82] . However, before you head there, you must understand internal rate of return.
If you have previously read other investing books, you may have encountered [Hack #26] . In finance circles, the technical term is internal rate of return (IRR), whose definition in finance textbooks is “apogees of obfuscation” (yes, exactly as helpful as this sentence). Let’s try to do better.
Suppose you deposit some money in your portfolio on December 31, 1995. In addition, you contribute the money your aunt gives you for Christmas each year to the portfolio. Your initial deposit and your annual contributions are both examples of cash flow in. Withdrawing money from the portfolio, for example to pay for a vacation, would be a cash flow out. At some point in time, say December 31, 2004, you decide you want ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.