Diversifying the risk through portfolio investment
The stock exchange markets are characterized by high dynamics of the investment activity, mainly portfolio investments. The existing relation between yield and risk, on one side, and the portfolio diversification, on the other side, are two basic aspects allowing the investors to build up a portfolio founded on the yield and risk targets which they are aiming. In the frame of this article we have applied the Marcowitz model on a number of portfolios of equities issued by commercial companies listed at the Bucharest Stock Exchange on the main REGS market.
CONSTRUCTION OF A FINANCIAL PORTFOLIO ON THEBUCHAREST STOCK EXCHANGE USING RISK/RETURN ANALYSIS
The purpose of the paper is to present the advantages of the risk/return analysis whencreating an optimum financial portfolio, with minimum risk, without sacrificing return. Having inconsideration a holding period of three months (February-April 2014) and the stocks included inthe Bucharest Stock Exchange index BET, we show how can be minimized the risk associated tothe portfolio and which is the minimum variance point for a two titles portfolio.
The German centenary of the First World War
In the run up to the 2014 centenary of the First World War, the German public was gripped by a heated debate on the origins of the war. This article explores the nature of this controversy and its role in shaping national commemoration of the Great War. It also draws parallels between the commemorations of the fiftieth anniversary of the outbreak of the war in 1964 and those of 2014. Through a comparison of Germany’s national memories of the war with those in Britain and France, the article also reveals how different and sometimes conflicting national interpretations of the history of the First World War have affected centenary commemoration. Memories of the First World War are nation-specific, constructed and developed over time to suit a particular view of a country’s past. Moreover, they can be instrumental in influencing that country’s future development and relations with its neighbours.