출처:www.fntec.com/

경북대학교 대학원 경영학과 재무전공



저작권은 아래 분들께 있습니다. finance 공부하시면서, 정리해 두신것 같은데, 좋은 것 같이 퍼옴니다.


An Introduction to the Mathmatics of Financial Derivatives by Salih N . Neftci

홍 창 수 책임편집

ht tp :/ / www.k e b i.com/ ~g a uss

g a uss @k e b i.com

< 작 성 자 >

갈대은 , 김동 희 , 김 정우 , 조홍래 , 홍창 수



derivmath.PDF


Posted by Johns Shin
,

하버드 MBA 출신들은 어떻게 일하는가? _에밀리 챈 지음_ 이상규 옮김 _출판사:이상











저자소개


-에밀리 챈

1. 스텐퍼드 대학 졸업. 하버드 business school 에서 MBA 취득,

2. 보스턴 컨설팅 그룹에서 8년간 컨설턴트로 근무

3. 중국. 홍콩 등의 유수 기업에서 고문.

4. 현재 자산위주 직접투자회사인 PML(pacific merit ltd) 이사직


옮긴이

-이상규

1. 고려대 국어국문학과 졸업

2. 동국대 '프렌차이즈 지배구조' 논문으로 박사학위 취득

3. 1998년 부터 프렌차이즈 '갈비명가 이상' 10군대 매장 운명

4. 각종 사립대 외래교수직. & 각종협회 이사직.



목차와 글쓴이만 보고, 책을 읽어도 될 것인지 판단했을 때, 책 값 14000원의 값어치는 할 것이라 판단하여. 구매.

책의 마케팅 방법의 하나인 표지글에서


" HBS를 마치기 위해서 2년동안 최소 2억원의 돈이 필요하며, 수많은 경영서적과 케이스를 밤낮없이 연구해야 한다. MBA에서 배운 지식과 경험으로 과연 취득자들은 인생의 turning point를 만들어 내는가?

그들의 급여소득의 극대화를 통해 투자 소득의 밑거름(seed money) 를 만들고, 각박한 직장생활에서 탈출하기 위해 MBA를 활용한다." 이 책을 사라.....샀다.ㅡ,,ㅡ







Posted by Johns Shin
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출처:https://www.kbfg.com/kbresearch/index.do?alias=report&viewFunc=default_details&categoryId=1&menuId=15&boardId=104&articleId=1002407#



1. 한국  부자 현황
2. 자산 투자 행태와 전망
3. 금융에 대한 인식과 미래 준비
4. 소득 및 소비 특성과 라이프스타일


2013 한국 부자 보고서.pdf


Posted by Johns Shin
,

Fortune 500: 20 biggest stock losers

The stock market may have reached new highs, but not all were part of the party, including the usual suspects, J.C. Penney and IBM.

1

NII Holdings

OMAR TORRES/AFP/Getty Images

Fortune 500 rank: 495
2013 revenue: $6.1 billion
2013 total return: -61.4%

As more people turned to smartphones, many traditional cellphone makers scrambled to adapt. Rather than trying to compete with new technology in the U.S., though, Nextel pushed its walkie-talkie “push-to-talk” devices in emerging markets like Brazil and Mexico, through its international division, NII Holdings. 

The plan worked OK until NII’s Latin American customers switched to smartphones. While the company has recently tried expanding its 3G network capabilities, it has been bleeding money in the process, with a net loss of $1.6 billion last year following a loss of $750 million the year earlier. Even management has expressed little faith in a turnaround, warning ominously in NII’s latest annual report that bankruptcy could be in store if it can’t improve cash flow, “which could mean that debt and equity holders could lose all or part of their investment.” After the stock plummeted 67% in 2012, Wall Street has mostly left the stock for dead; it fell another 61% last year.

2

J.C. Penney

Spencer Platt—Getty Images

Fortune 500 rank: 235
2013 revenue: $13 billion
2013 total return: -53.6%

It was a tumultuous year, to say the least, for J.C. Penney. The retailer reported even bigger losses in 2013—netting a negative $1.4 billion—compared with the year before. It also replaced its CEO for the second time in two years and lost its biggest shareholder, activist investor and hedge fund manager Bill Ackman.

As revenue continued to decline under the turnaround plan of the new CEO, former Apple executive Ron Johnson, the board replaced him in the spring with none other than his predecessor, Myron Ullman, who returned to his old office less than a year and a half after being fired himself. Shares tumbled amidst the shakeups, falling below $5.

3

Newmont Mining

Stephen Hilger/Bloomberg News

Fortune 500 rank: 327
2013 revenue: $9.9 billion
2013 total return: -48.4%

When stocks retreat, many investors buy gold; when the market does well, gold and other precious metals generally suffer. So as equities enjoyed a banner year in 2013, rising more than 30%, that spelled bad news for mining companies like Newmont, where earnings declined in line with gold prices as demand for the metals dropped off.

Newmont lost a total of nearly $2.5 billion last year, disappointing analysts’ expectations, and cut its quarterly dividend, sending shares down nearly 50%. The company now plans to lower its gold production as well as spending this year.

4

Cliffs Natural Resources

Ariana Lindquist/Bloomberg/Getty

Fortune 500 rank: 445
2013 revenue: $6 billion
2013 total return: -30.2%

Weak demand for construction, especially in China, is bad news for the producers of iron ore, which is used to make steel. Cliffs Natural Resources, as a large U.S. iron-ore miner with a lot of China exposure, took the brunt of that hit, as investors fear a further slowdown in the Chinese market.

 The company’s sales and margins declined in 2013, and in the fourth quarter profits declined more than 63%, after dropping 20% the previous quarter. With shares falling under $16, investors wondered whether the stock had finally bottomed out.

5

Peabody Energy

Raymond Boyd/Michael Ochs Archives/Getty

Fortune 500 rank: 365
2013 revenue: $8.3 billion
2013 total return: -25.3%

One of the largest coal miners in the world, Peabody, has been hurt lately by declining demand in emerging markets like China, which have been switching more to natural gas to generate electricity. The coal market has been left with a supply glut, lowering prices worldwide.

Adding to Peabody’s struggles, workers at one of its Australian mines went on strike last year, decreasing the company’s productivity and hitting the company’s bottom line with settlement charges. When the company forecast in December that earnings would come in as much as $80 million lower than it had previously expected, investors were not pleased, sending the stock down. And that was after earnings dropped 55% in the second quarter of 2013 compared to the previous year. In total, Peabody lost nearly $525 million last year.

6

FirstEnergy

David Maxwell/Bloomberg

Fortune 500 rank: 195
2013 revenue: $15.3 billion
2013 total return: -16.2%

Mild summer temperatures across the Northeast last year meant fewer FirstEnergy customers were using their air conditioners, leading to lower revenues at the utilities provider. Combined with unusually high regulatory costs, some of which related to damage from Hurricane Sandy and other storms, FirstEnergy’s profits declined nearly 50% in 2013.

 While the company cut costs by making layoffs and reducing its dividend, share prices dropped more than 16%.    

7

Mosaic

Fortune 500 rank: 283
2013 revenue: $11.1 billion
2013 total return: -14.9%

Fertilizer prices have fallen in recent years, as competition for foreign buyers has put pressure on producers like Mosaic. The company also had a rocky start to 2013 as it settled class-action lawsuits over whether its pricing of potash, which is used in its fertilizers, violated antitrust laws. The second half of the year just got worse for Mosaic, with earnings falling 70% in the third quarter.

As fertilizer prices continued to drag, Mosaic’s earnings wilted further. The company tried to counteract the effect by buying back stock, but share prices still declined 15%.

8

CenturyLink

Fortune 500 rank: 158
2013 revenue: $18.4 billion
2013 total return: -13.2% 

For traditional telephone landline providers, the migration to cellphones has been tough. But CenturyLink was doing all right, or so investors thought, until it unexpectedly cut its dividend early in 2013. The stock floundered, and the announcement was only followed by more bad news, with the company reporting declines in sales of its consumer home telephone and voice services.

While CenturyLink has tried to push its newer businesses like high-speed Internet, its data hosting services haven’t taken off the way the company had hoped, which the company blamed as it swung to a big loss in the third quarter. For the year, it lost a total of $239 million, and shares dropped more than 13%.    

9

Broadcom

Angel Navarette/Bloomberg

Fortune 500 rank: 328
2013 revenue: $8 billion
2013 total return: -9.4%

Yet another victim of the increasingly competitive market for smartphones and tablets, Broadcom, which supplies semiconductor chips for about half of such devices including Apple iPhones, has lately struggled to preserve its market share and profit margins amid lower prices. As revenue declined, the company warned that it expected even more erosion for future quarters, while also taking on extra costs as it acquired LTE technology from Renesas Electronics.

Still, Broadcom pleasantly surprised investors in the fall when its profit increased 44% in the third quarter, and the shares managed to regain some of their earlier losses, finishing down just over 9% for the year.

10

Jabil Circuit

Jim Stem/Bloomberg/Getty

Fortune 500 rank: 155
2013 revenue: $17.2 billion
2013 total return: -8.2%

The demise of BlackBerry, while perhaps a boon to rival smartphone makers, has not been kind to Jabil, which makes the circuit boards used in the phones and other electronic equipment. Jabil has been suffering along with Blackberry, which was one of its largest customers, and is now in the process of restructuring its business.

When Jabil announced in December that it would sell off its aftermarket electronics repair business, which it had acquired in 1999, to focus on manufacturing, and at the same time lowered its earnings projections, shares crashed. A planned stock repurchase program appeased investors somewhat, but the stock still ended the year down more than 8%.

11

Joy Global

Bloomberg/Getty Images

Fortune 500 rank: 493
2013 sales: $5.7 billion
2013 total return: -7.1%

Ever since the global commodities boom slowed last year, things have been a lot less happy for Joy Global. Sales of the company’s mining equipment have dropped as raw material prices have stumbled. And it might not just be a cyclical thing. The bulk of the company’s sales are to coal miners, which have been hurt by falling demand and concerns about pollution in China, as well as low natural gas prices in the U.S.  Joy’s earnings fell 22% in fiscal year2013, which ended in October. Analysts are expecting another big drop in the company’s bottom line this year.

12

Calumet Specialty Products

Mario Villafuerte/Bloomberg News

Fortune 500 rank: 467
2013 sales: $4.7 billion
2013 total return: -6.9%

Calumet Specialty Products, which processes crude oil for a variety of industrial uses, spent 2013 upgrading a number of its plants. It may have beenthe wrong year to do renovations. Along with lost revenue from the closed facilities, Calumet got squeezed by a narrower spread between the price of crude oil and the falling demand for its waxes and lubricants. As a result, the company had its first annual loss since the latestrecession. But this year is looking up and the company’s stock is rebounding. Executives say spending on upgrades should fall dramatically this year.

13

Quest Diagnostics

Fortune 500 rank: 364
2013 sales: $7.5 billion
2013 total return: -6.2% 

It’s not just the extras that people forgo in tough economic times. It’s medical tests, too. Or so it seems. Sales dropped at lab testing company Quest Diagnostics in 2013. Medicine is supposed to be one of those things that are recession proof. But with many people out of work, and long past the expiration of their COBRA benefits, fewer people are opting for testing. The company was also hurt by pressure from insurance companies and government officials to cut the costs of its tests. In the year ahead, ObamaCare could probably help Quest. 

14

C.H. Robinson Worldwide

Dario Pignatelli/Bloomberg

Fortune 500 rank: 220
2013 sales: $7.5 billion
2013 total return: -6.3%

C.H. Robinson offers some near literal evidence that the economic recovery is still moving along slowly. The trucking company reported disappointing earnings in 2013, which led some investors to sell the stock. Shipping volumes are up. But C.H. Robinson says it has been unable to pass along higher costs to its customers. The company said that trend is likely to continue in 2014.

15

Exelon

Scott Olson/Getty Images

Fortune 500 rank: 119
2013 sales: $23.4 billion
2013 total return: -3.5%

The nuclear option for Exelon appears to be investing in natural gas. The U.S.’s largest operator or nuclear reactors has been hurt by low power prices, driven down by cheap natural gas and proposed plants. Exelon thought it would benefit as coal plants got shut down. But that hasn’t happened. The company now expects to spend an additional $3 billion more than planned in the next few years on developing its natural gas and wind power generation facilities. 

16

General Cable

Paul S. Howell/Liaison

Fortune 500 rank: 405
2013 sales: $6.1 billion
2013 total return: -1.5%

Late last year, investors in General Cable got the full Brazilian. The company, which makes copper, aluminum and fiber optic wire, told investors that an accounting error in a Brazilian unit would force it to delay its financial statements and restate earnings going back to 2008. The mistake shocked investors and spooked lenders. Moody’s Investors Services cut the company’s credit rating. All that has made it harder and more expensive for General Cable to borrow, and hurt profits.

17

Barnes & Noble

Joe Raedle—Getty Images

Fortune 500 rank: 381
2013 sales: $7.1 billion
2013 total return: -0.9%

The Nook digital reader was supposed to save Barnes & Noble. It hasn’t. Amid losses, the book chain last year said it would sell off or spin out the division that makes the electric tablet. In July, the company’s CEO William Lynch, who had focused on developing the e-reader and media player, was gone as well. Earnings have improved recently, and shares have rebounded.  The company is now focused on expanding the number of stores it has on college campuses, because college students have never heard of Amazon.

18

Simon Property Group

Daniel Acker/Bloomberg/Getty

Fortune 500 rank: 479
2013 sales: $4.9 billion
2013 total return: -0.8%

The lackluster economy is still continuing to weigh on Simon Property Group, which operates malls and outlet centers around the country. The company also faced a barrage of criticism and a shareholder lawsuit after it disclosed it was paying its CEO a $120 million retention bonus. The company has recently spun off its strip mall business to focus on higher-end properties, many of which are aging and in need of a facelift. The company said it plans to spend $1 billion a year through 2016 upgrading its shopping centers.

19

International Business Machines

ODD ANDERSEN/AFP/Getty Images

Fortune 500 rank: 23
2013 sales: $104.5 billion
2013 total return: -0.2%

The move into services that saved IBM years ago is starting to look like it won’t sustain the company forever. The computer giant’s sales from its services division fell 3% last year. It’s hardware division continues to decline. Many of the companies IBM relied on for revenue now do the work themselves. Upstarts like Salesforce.com and others have offered lower cost competing products. This time CEO Ginni Rometty is banking on its business information unit and Big Data to save the company, but other companies are trying to do the same and so far the move has only slowed IBM’s decline.

20

EMC

Bill Polo/The Boston Globe/Getty

Fortune 500 rank: 128
2013 sales: $21.7 billion
2013 total return: 0.2%

EMC’s future is getting cloudier. Profit growth at the world’s largest maker of storage computers dropped dramatically in 2013. The company is struggling as corporations and individuals switch to storing more of their data in the cloud. EMC is trying to adapt, offering its own cloud-based software products, but it is still slowing sales of EMC’s more expensive servers. In January, the company said it would lay off 1,000 workers. 


Posted by Johns Shin
,

Fortune 500: 20 biggest stock gainers

On the heels of brighter economic prospects and significant turnaround efforts, this diverse set of companies all delivered major gains to their investors.

1

Fannie Mae and Freddie Mac

Fortune 500 Rank: 13 and 32
2013 sales: $125.7 billion and $81.2 billion
2013 total return: 1,080.4% and 1002.7%

The stocks of these housing giants were left for dead after the housing market crashed. The federal government stepped in with tens of billions in bailout dollars to keep real estate credit flowing during the height of the financial crisis.

The Feds made it clear they intended to wind down Fannie  FNMA -0.50%  and Freddie  FMCC -0.26% , and while the housing market remained moribund, nobody took notice. But as the housing market recovered along with Fannie and Freddie’s profits, lawsuits filed by hedge fund investors raised the possibility that owners of the housing giants’ stock might be owed the tens of millions in earnings the companies had been sending to the Treasury in recent quarters.

2

Rite Aid

Fortune 500 Rank: 118
2013 sales: $25.4 billion
 2013 total return: 272%

For years, Rite Aid  RAD 0.82%  was the sick man of the retail pharmacy industry, after a debt-fueled, pre-financial-crisis expansion left the firm unable to cope with the competitive pressures it faced from online retailers like Amazon.com. Rite Aid has since begun to focus on business lines that can’t easily shift to an online environment, like clinic services, and in April 2013, it posted its first quarterly profit in six years.

Rite Aid has doubled down on this strategy, announcing in April that it would acquire the Houston-based RediClinic, the nation’s fourth-largest retail clinic, a move investors think will help the company capitalize on the expansion of health insurance under Obamacare and the primary-care physician shortage in America.

3

Best Buy

Fortune 500 Rank: 60
2013 sales: $45.2 billion
2013 total return: 244%

Though Best Buy  BBY -3.22%  is still weathering the effects of a poor 2013 holiday shopping season, the performance of its stock leading up to that point was nothing short of spectacular. Investors bought into CEO Hubert Joly’s “Renew Blue” turnaround plan, which involves improving the electronics retailer’s e-commerce experience, setting up partnerships with Microsoft and Samsung to create “stores within stores,” and streamlining its overall operations so it can use its retail locations as a distribution network for online sales.

Joly has yet to turn his plan into profits, but even after dismal sales in the final quarter of 2013, the stock is well above its 2012 lows.

4

Micron Technology

Fortune 500 Rank: 302
2013 sales: $9 billion
2013 total return: 243%

With total smartphone sales surpassing 1 billion in 2013, it’s not a bad time to be in the business of manufacturing memory chips for those little computers we’ve got in our pockets. The business is certainly working for Micron technology, which saw sales more than double in the first quarter of 2014 from a year earlier.

 Adding fuel to Micron’s growth was its acquisition of Japanese chipmaker Elpida Memory -- which is a main supplier of parts for popular Apple devices like the iPhone and iPad as well as Google’s Nexus products.

5

Caesars Entertainment

Photo: Ronda Churchill/Bloomberg/Getty

Fortune 500 Rank: 318
2013 sales: $8.6 billion
2013 total return: 211%

Caesars Entertainment was taken private in one of the largest and ill-timed leveraged buyouts in history, and the company has struggled under the weight of the debt used to finance the move along with increased competition as more jurisdictions legalize gambling.

But the firm’s management and private equity backers -- which still own 70% of the company -- have convinced investors that online gambling is the way of the future. And once the federal government gives it the go-ahead, Caesars will be in a prime spot to cash in.

6

SuperValu

Fortune 500 Rank: 94
2013 sales: $34.3 billion
2013 total return: 195%

The grocery business is undergoing a slow-moving revolution, as more consumers opt for high-end supermarkets like Whole Foods or choose to purchase goods online or at discount outlets.

Such trends have taken their toll on traditional grocers like Supervalu. The company’s stock fell more than 90% from June 2007 through 2012. But the firm began to turn things around in 2013, as it simplified its sourcing operations and offloaded some of its troubled brands to private equity firm Cerberus. The company rode those initiatives and a generally better economy in 2013 to its highest stock price in more than two years.

7

Icahn Enterprises

Fortune 500 Rank: 143
2013 sales: $20.7 billion
2013 total return: 156%

Carl Icahn has spent more than 60 years wheeling and dealing on Wall Street, and few of those years have been as fruitful as 2013. His holding company, Icahn Enterprises, placed representatives on the boards of seven different corporations over the course of the year, more than any other year in its history.

Ichan chose his investments wisely, too. Bets on companies like Apple, Netflix, and Chesapeake Energy helped his company deliver a return of more than 150%.

8

R.R. Donnelley & Sons

Monty Rakusen Getty Images

Fortune 500 Rank: 268
2013 sales: $10.5 billion
2013 total return: 143%

This 150-year-old paper-printing giant has navigated the decline and consolidation of the printing industry deftly, by selling itself as a one-stop shop for large, corporate printing needs and by purchasing smaller rivals.

Though analysts aren’t enthusiastic about the future of the printing industry in a digital world awash with smartphones and tablets, paper printing will continue to be in demand. And if R.R. Donnelly’s stock performance in 2013 is any indication, this firm will continue to dominate that market.

9

Delta Air Lines

Fortune 500 Rank: 81
2013 sales: $37.8 billion
2013 total return: 133%

The airline industry has been famously unprofitable ever since its deregulation more than 30 years ago, but a series of mergers over the past decade and a recent decline in fuel prices helped put the industry in the black in 2013.

Leading this smaller pack was Delta Air Lines  DAL 1.24% , which was able to fill its planes more efficiently than its rivals, dominate the profitable New York market, and earn more dollars per passenger mile than even Southwest. And since Delta had been trading at much lower multiples than its peers, the airline was a big hit with investors in 2013.

10

Celgene

Fortune 500 Rank: 401
2013 sales: $6.5 billion
2013 total return: 115%

Powered by its blockbuster cancer-fighting drug Revlimid, biotechnology firm Celgene’s revenues grew by nearly 20% in 2013. This sort of performance surely pleased investors, but they also have faith that the company will be able to continue to diversify its revenue stream with drugs like chemotherapy treatment Abraxane, which was acquired through Celgene’s 2010 takeover of Abraxis.

11

Blackstone Group

Fortune 500 Rank: 391
2013 sales: $6.6 billion
2013 total return: 113%

The mother of all alternative investment firms killed it in 2013, continuing to find new and creative ways to deploy its massive cache of capital. As Morningstar analyst Stephen Ellis has pointed out, “$102 billion of capital is now allocated to strategies that didn’t exist at the time of its 2007 IPO.”

The firm’s bet on the real estate recovery was a particularly wise and well-timed decision. Blackstone  BX -1.81%  invested in commercial and single-family residential real estate just as prices in those markets took off. According to the company, real estate revenues soared 107% in 2013, just one reason shareholders cheered the firm last year.

12

Live Nation Entertainment

Fortune 500 Rank: 404
2013 sales: $6.5 billion
2013 total return: 112%

While the music business in general is a shadow of its former self, fans are still flocking to see their favorite acts perform. Live Nation Entertainment, which merged with Ticketmaster in 2010, is in a great position to capitalize on this trend as it owns or controls more than 100 of the most popular music venues in the country and gets a cut of ticketing fees to boot.

 In 2013, the firm expanded its interests in artist promotion with the acquisition of U2’s management company, Principle Management, helping the company to further tighten its grip on the live music experience.

13

The Andersons

Fortune 500 Rank: 453
2013 sales: $5.6 billion
2013 total return: 110%

Agribusiness giant The Andersons Inc. is well diversified, with business segments in fertilizers, ethanol, grain transportation, lawn care, and even retail. The firm’s ethanol unit in particular benefited from a growing economy, as demand for fuel was strong in 2013. The exceptional performance of The Andersons’ stock in 2013 led management to go through with a three-for-two stock split in December of last year.

14

Boston Scientific

Fortune 500 Rank: 367
2013 sales: $7.1 billion
2013 total return: 110%

Nearly a decade removed from its acquisition of Guidant -- which Fortune labeled the second-worst ever at the time -- Boston Scientific is finally pivoting from the pacemaker and heart-stint driven business it had been pursuing.

These days, investors are eager to get a piece of smaller but growing segments, like Boston Scientific’s Watchman device, which is designed to prevent strokes, or its neuromodulation division, which serves mentally ill patients.

15

Huntington Ingalls Industries

Fortune 500 Rank: 382
2013 sales: $6.8 billion
2013 total return: 109%

You might be surprised to find a defense contractor on a list of best stock performers in this climate of government austerity, but Huntington Ingalls Industries isn’t just any defense contractor. It is the nation’s only builder of aircraft carriers and one of only two firms that produces nuclear submarines. And even if the U.S. military is purchasing significantly less of these products, it’s still buying what Huntington has to sell.

The shipbuilder is a key provider of destroyers and submarines to the U.S. Navy, which is becoming ever more important as the U.S. military tries to exert its power in an increasingly contentious Pacific Ocean.

16

TravelCenters of America

Fortune 500 Rank: 339
2013 sales: $8 billion
2013 total return: 107%

TravelCenters -- the largest operator of travel stations along the U.S. highway system -- is in a highly cyclical business. Highway traffic, especially trucking, which makes up the majority of the firm’s revenue, is the lifeblood of the U.S. economy. When the economy is sick, that lifeblood flows much more slowly.

That’s why a brightening economic picture in 2013 (U.S. GDP grew by an average of 3.4% in the second half of 2013 and job growth was the highest since the end of the recession) helped improve TravelCenters’ performance and stock last year.

17

Genworth Financial

Fortune 500 Rank: 291
2013 sales: $9.6 billion
2013 total return: 107%

One of Genworth Financial’s main business lines is mortgage insurance, so you can guess that the recent real estate collapse wasn’t exactly great for their bottom line. The entire industry was nearly wiped out during the worst of the financial crisis, but Genworth persevered, wisely expanding its business overseas to more stable markets like Canada and Australia.

Another main line of Genworth’s business, long-term care insurance, is a risky but growing market, and Genworth pleased investors in 2013 by raising rates and cutting back on some benefits as customers live longer and become more costly to insure.

18

Facebook

Fortune 500 Rank: 341
2013 sales: $7.9 billion
2013 total return: 105%

In 2013, Facebook  FB -0.26%  proved that it could become the mobile advertising powerhouse it always had the potential to be. Mobile ads now account for over half the company’s $2.5 billion in revenue, and with a user base of 1.27 billion, it’s the place to go for marketers looking to reach consumers on their phones.

19

ManpowerGroup

Fortune 500 Rank: 144
2013 sales: $20.3 billion
2013 total return: 105%

Corporations across the Western world shed jobs with abandon following the financial crisis, and they have been slow to rehire, despite the fact that economic conditions have been improving for several years now. Instead of taking on the risk of hiring full-time workers, firms are turning to staffing companies like Manpower to fill their labor needs on a project-by-project basis.

Manpower has an advantage over some of its competitors on account of its truly global scale, offering multinational companies a single source for their staffing needs.

20

Gilead Sciences

Bloomberg via Getty Images

Fortune 500 Rank: 250
2013 sales: $11.2 billion
2013 total return: 105%

Drug-maker Gilead Sciences was already having a stellar 2013 on the strength of its industry-leading line of HIV and AIDS drugs, but the stock really kicked into high gear after the FDA approved its latest Hepatitis C treatment, Sovaldi, in December.

The drug is particularly valuable to insurance companies, who will pay top dollar for treatments that help patients avoid the ravaging and expensive-to-treat effects of Hepatitis C.


Posted by Johns Shin
,

영어를 어느정도 읽을 수 있으면, 조악한 한국 싸이트에서 얻는 스트레스를 견뎌낼 필요성이 조금 줄어든다. 

정치권에 너무 결탁되서, 스스로의 자정작용을 상실한, 보도의 투명성을 잃었다는 

깊은 불신 때문에, 정보의 유용성 조차도 의심하게 만든다. 따라서,(물론 미국도 

공화당,민주당에 따라서, 당연히 있겠지만, 자본자체의 대규모성에 로비자체가 공공연한, 즉,

시장자체의 기능이 충분히 반영되 있다고 판단한다.

 한국 경제지중 가장 신빙성 있는 정보는 어디에서 오는지 아직 모르기 때문에, 관찰자가 많은 미국의 정보에서 정보의 시작점을 잡는 것 또한 잘못된 판단은 아니라고 생각한다.


따라서,

http://fortune.com/fortune500/berkshire-hathaway-inc-4/

위의 싸이트는 미국 경제지 Fortune에서 미국안에서 기업중에 매년 마다 순위를 매겨 500개로 추린 것이다. 

결과 값 이기 때문에, 한국의 경제지가 과정상의 홍보의 효과를 가진, 그리고, 모든 article이 부동산광고와 연결된다는 정보의 오염에서 벋어난다.


얻을 수 있는 정보


1. 사업분류방법

2. sort항목의 기업가치평가 분류기준

3. 각 기업 정보: 실적, 매출,순이익,후행성 지표들(차트...etc)


Posted by Johns Shin
,

http://fortune.com/fortune500/berkshire-hathaway-inc-4/


포춘 (잡지)

위키백과, 우리 모두의 백과사전.

포춘》(Fortune)은 미국의 최장수 비즈니스 잡지이다. 1930년 헨리 루스에 의해 세워진 《포춘》은 현재 타임 워너가 소유하고 있다. 매년 정기적으로 내놓는 기업 이익 순위표로 유명하다.

역사와 조직[편집]

《포춘》은 《타임》지의 공동 설립자인 헨리 루스가 1929년 월가 붕괴가 있은 지 4개월 후인, 1930년 2월 설립했다. 원래 루스의 파트너였던 브리턴 헤이든 《포춘》지 설립에 적극적이지 않았다. 하지만 루스는 1929년 10월 15일 헤이든이 숨진 후에 《포춘》지 설립을 추진했다.

루스는 1929년 11월, 타임 주식회사에 "우리는 무작정 낙관적으로만 보지 않을 것이다. 현재의 경기 침체는 1년씩이나 지속될 수 있다고 본다."라는 메모를 남겼다. [1]

《포춘》의 첫 번째 판은 1달러로 발매되었는데, 당시 주간 《뉴욕 타임즈》가 5센트에 판매되고 있었다는 것을 고려해 보면 파격적인 것이었다.[1] 가격 뿐만 아니라 구성 역시 남달랐다. 당시 여러 비즈니스 관련 출판물들은 흑백으로 통계 된 통계 자료정도만 제공했었는데 《포춘》은 11인치 x 14인치에 크림 색 두꺼운 종이, 특수 처리를 통해 인쇄된 멋진 커버로 무장했다.[2]

근거 없는 소문에 따르면, 당시 커버 디자이너였던 T M 클랜드가 가격을 1달러로 정하고 첫 번째 판의 커버 디자인을 한 것은, 아무도 이 잡지의 가격을 얼마로 할지 몰라서였다고 한다. 딱히 가격을 정하기도 전에 1달러로 된 것이 찍혀나갔고, 이는 잘 팔려나갔다. 그래서 《포춘》지 직원들은 이 잡지가 1달러의 값어치를 한다고 생각했다고 한다. 사실, 처음 판을 받기 위해 구독한 사람은 이미 3만 명이나 되었었다. [2] 1937년에는 구독자의 수가 46만명으로 늘어났다.

경제 대공황동안, 《포춘》 지는 사회적으로 큰 공신력을 얻었다. 이를 통해 후에 타임 워너가 된 루스의 타임/라이프 미디어 그룹에서 주축돌 역할을 하게 되었다.

《포춘》지는 원래 월간지로 발간되었으나 2005년 9월부터는 격주로 발행되기 시작했다. 《포춘》지는 넓은 분야의 사업, 사업가, 경향, 회사, 현대 비즈니스계를 이끌어 가는 사상등을 다루고 있다.

《포춘》지의 주요 경쟁사는 《포브스》지와 《비즈니스위크》이다. 2000년부터 비즈니스 잡지들의 구독량이 현저하게 줄고 있지만[3], 《포춘》지의 구독자는 83만 3천여 명에서[4] 85만 7천명으로 증가했다.[5]

《포춘》지의 가장 큰 특색은 포춘 미국 500대 기업, 포춘 미국 1000대 기업, 포춘 세계 500대 기업 등의 기업 순위이다. 이같은 순위는 기업의 전체 수익과 사업 성격을 고려해서 매겨진다.

한국판[편집]

발행사는 한국일보 이며 명칭은 '포춘 코리아'다. 2009년 4월에 창간했으며 월간으로 발행한다.



포브스

위키백과, 우리 모두의 백과사전.
포브스
국가미국
언어영어
간행주기격주간(한국판은 매월 발행)
종류경제잡지
판형4·6배판
창간일1917년(한국판은 2003년)
가격12,000원
발행법인포브스
웹사이트http://www.forbeskorea.com
포브스의 본사가 맨하탄 5번가에 있다.

포브스(Forbes)는 미국의 출판 및 미디어 기업이다. 포브스의 주력 출판인 《포브스 잡지》는 2주(격주)마다 발간된다. 주요 경쟁 업체로는 포춘(Fortune, 2주마다 발행)과 비즈니스위크(Business Week, 주간지)가 있다. 미국 부자 명단(the Forbes 400) 및 백만장자 명단(list of billionaires)을 발표하는 것으로 유명하다. 모토는 "자본주의의 도구 - 포브스"( "Forbes - The Capitalist Tool.")이다.


한국판[편집]

포브스 한국판의 정식 명칭은 포브스 코리아(Forbes Korea)이며 중앙일보시사미디어가 발행한다. 2003년 2월,중앙일보 포브스가 발행하여 창간했으며, 2005년 1월에 중앙일보시사미디어에 흡수된 월간지이다.

포브스 닷컴[편집]

포브스 닷컴과 그 계열사는 다음과 같다.


    Posted by Johns Shin
    ,

    j self brain storm

    자산규모의 순위에 따라서,

    매출액 순위에 따라서,

    성장속도 빠른 순에 의해서.

    국가에 따라서, //영국, 프랑스,/미국(공황) /독일, 일본,/ 미국/ 한국의 급성장(IMF)/ 중국/ 미국(금융위기)/한국-미국-중국/ 유럽의 여러나라의 위기 원인/ 일본의 물가변동 0현상/ 한국/ 미국/ 중국/ 미국//



    있다가 없어진. 역사적인 부자들. 역사적으로, 교보문고 인터넷 검색에 아무리, 

    "부자. 세계 부자. 역사 부자 쳐봐야. 이상한 결과들만 나온다.


    방식. Top down, 방식으로, 

    시대-> 나라-> 상황->  자원-> 업계 -> 기업의 선택 -> 개인의 선택 방식으로 접근.



    미국

    -MS 소프트

    -스티브 잡스



    금융업

    -버크셔 해서웨이

    -소로소

    -해서웨이 자회사




    유대인 금융업자들

    -

    -





    SNS & 인터넷 플렛폼 & 검색.

    -페이스북

    -Google

    -아마존




    제약회사

    -화이자





    대한민국

    -삼성

    -현대

    -LG


    일본

    -소프트 벵크














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    ‘페이스북’ CEO 마크 주커버그가 왔다

    • 2013.06.18
    • 조회 1639
    • 미투데이 트위터 페이스북 다음요즘
    사진 출처_ 마크 주커버그 페이스북 
     
     
    평범한 청바지에 후드티를 입은 스물 아홉의 청년(얼굴은 훨씬 더 앳되다)이 지난 17일 밤 전용기를 타고 김포국제공항에 도착했다세계 최연소 억만장자에다 세계 최대 SNS ‘페이스북’(facebook) 공동 창업자 겸 CEO인 마크 주커버그의 첫 내한이다마이크로소프트 의장 빌 게이츠와 구글 CEO 래리 페이지에 이어 올해만 세 번째로 세계적인 IT 거물이 서울에 온 것이다. 18일 오전 박근혜 대통령을 만나서 새 정부의 핵심 경제 정책인 창조경제와 페이스북 경영 노하우 등에 대한 대화를 나눈 후오후에 이재용 삼성전자 부회장 등을 만나고 18일 밤 출국했다. 대중 강연 한번 하고 갔으면 좋았을 텐데 아쉽다. 그나저나  IT 업계 대부들의 의견을 수렴한 창조경제의 윤곽이 어떤 모습일 지 점점 더 궁금해진다.
     
     
    아무튼 혁신을, 세계적인 성공을 꿈꾸는 젊은이들의 롤모델이 된 마크 주커버그는 어떻게 어린 나이에 빌 게이츠급 인사가 된 것일까게다가 그는 유산 상속이 아닌 자수성가형 억만장자 중 최연소라는 ’한 타이틀도 가지고 있다미국의 시사주간지<타임>지가 2010년, 위키리크스 창립자 줄리언 어샌지 대신 선정한 '올해의 인물'이었던 마크 주커버그그 성공의 중심에는 현재 전세계 11억만 명의 가입자 수를 자랑하는 페이스북이 있다.
     
    혁명처럼 SNS 바람을 불러일으킨 페이스북의 설립 과정은데이빗 핀처가 연출하고 제시 아이젠버그가 주커버그로 열연한 영화 <소셜 네트워크>(2010)에 드라마틱하게 소개됐다(물론 진실은 당사자들만 알겠지만). 영화 속 마크 주커버그는 전형적인 너드(nerd). 칭송할 만한 컴퓨터 천재지만그러므로 부자가 될 가능성도 농후하지만현실에선 여자 손 한번 속 시원하게 잡지 못하는 얼간이괴짜.
     
    하지만 실제 주커버그에 대해선 알려진 바가  많지 않은데구와바라 데루야가 쓴 『마크 주커버그의 초고속 업무술』에 따르면실제 그는 고교 시절에 펜싱부 주장을 맡는 등 밝고 사교적인 편이라고적어도 골방에 틀어박혀 인터넷을 애인 삼는 유의찌질이는 아니었던 걸로 보인다.
     
    주커버그의 고향은 미국 뉴욕주 화이트플레인스다. 1984년, 치과 의사 아버지와 정신과 의사 어머니 사이에서 태어난 주커버그는 세 명의 여자 형제들과 자랐다그는 중학교 때 컴퓨터 프로그래밍을 시작해 곧 두각을 나타냈다. 11살에 아버지가 운영하는 치과 사무용 프로그램을 개발했고고교 시절엔 인공지능 음악 재생 프로그램 시냅스 플레이어를 만들어 마이크로소프트와AOL에서 시냅스 인수와 고용 제안을 받았지만 거절했다그리고 2002년, 하버드대 컴퓨터과학과를 택했다하나 그는 컴퓨터만 아는 괴짜가 아니라 인문학적 관심도 많아 지식의 균형감각을 지닌 것으로 알려졌다고전문학은 물론 히브리어와 라틴어도 좋아하며하버드대에선 복수 전공으로 심리학도 공부했으니.
     
    하지만 그는 하버드대를 졸업하진 않았다. 20대 IT 갑부의 서막이 하버드 시절에 활짝 열려 버렸으니까. 2003년 주커버그는 대학 기숙사에서 친구들과 함께 장난 삼아하버드대생끼리 인맥 관리를 할 수 있는 친목 사이트 페이스매시(facemash – 페이스북의 전신)를 만든다그런데 그 서비스가 예상외로 인기를 끌어 하버드를 넘어 스탠퍼드 등 다른 대학 학생들한테까지 퍼진다.
     
    자생적으로 뻗어나간 페이스매시의 인기에 힘입어 2004년부턴 더페이스북’(The facebook_ 페이스북은 얼굴 사진이 실린 학교 동창회 명부를 뜻한다)이라는 이름으로 서비스를 본격화했다점차 이용자 영역이 확대돼 2006년부터는 13살 이상이메일 주소를 가진 이용자라면 누구나 가입할 수 있는 거대한 서비스가 됐다.
     
    하버드 시절은 주커버그에게 페이스북이라는 은총과 지금의 아내 프리실라 챈을 만나는 행운을 안겼지만동전의 앞뒷면처럼 어두운 그림자 또한 드리웠다주커버그는 페이스북의 공동 창업주인 타일러와 카메론 윙클보스 쌍둥이 형제와 아이디어 도용 문제로 무려 7년간 법정 공방을 벌였기 때문이다(2011년 쌍둥이 형제가 항소를 포기해 법정 싸움은 마무리됐다). 윙클보스 형제의 소송 이유는 주커버그가 대학 시절 만든 페이스매시가 자신들이 기획한 웹사이트 커넥트유(ConnectU)의 아이디어를 도용했다는 거였다. 일부 도용 혐의를 인정한 마크 주커버그가 현금 2천만 달러와 4 5백만 달러의 페이스북 주식을 양도했는데쌍둥이 형제는 페이스북 주식가치 재평가를 주장하며 계속 더 많은 돈을 달라고 소송을 걸었다. 그러니 지루한 진흙탕 싸움을 계속 해 온 거였다.
     
    영화 <소셜 네트워크> 
     
     
    뿐만 아니라 그의 가장 친한 친구이자 페이스북의 공동 설립자인 왈도 세브린과의 싸움도 굉장했다두 사람은 경영권 문제로 갈등을 벌이다 법정 분쟁을 벌였고결국 세브린이 주커버그에게 져서 페이스북 주식 지분이 4%로 크게 줄었다(그래 봤자 세브린 역시 2조 이상 지닌 자산가다). 사람들은 이를 두고 주커버그의 배신이라 불렀다어마어마한 돈더미 앞에선 손톱만큼의 우정도 지속되지 않았다영화 <소셜 네트워크>의 카피처럼 페이스북을 통해 몇 억 명의 온라인 친구가 생긴 순간그의 진짜 친구들은 적이 됐다실제로 직원들과 함께 이 영화를 관람하러 극장을 찾았던 마크 주커버그는 자신을 성공에 눈이 먼 파렴치한처럼 그렸다면서 짜증을 냈다고.
     
    페이스북은 지난 2008기존 1위였던 '마이스페이스'를 제친 후 줄곧 전세계 SNS 1위 자리를 차지하고 있다하지만 페이스북의 성장은 최근 주춤한 상태로지난해 마크 주커버그는 페이스북의 시장가치 하락에 대해 실망적이라고도 했다최근 나스닥 상장 1주년을 맞은 페이스북은 상장 이후 주가가 30% 떨어졌다주가 급락으로 주커버그의 자산 역시 반토막 나현재 10조원 정도 되는 것으로 추정된다그는 과연 포스트 잡스니 포스트 게이츠니 하는 수식어를 잠재우고금세기 최고의 성공 신화를 쓸 수 있을까주커버그가 그리는 페이스북의 미래는 어떤 모습일까우리는 5년 후에도 페이스북 비즈니스에 열과 성을 다하고 있을까?
     
     
     유지영 (교보문고 북뉴스
    jygetz@kyobobook.co.kr
     
     
     
     
     
    [경제/경영]  IT 4대 제국 아마존 구글 페이스북 애플을 읽는다 세트
    류영호 | 에이콘출판
    2013.01.01
    [경제/경영]  마크 주커버그의 초고속 업무술
    구와바라 데루야 | 랜덤하우스코리아
    2011.12.15
    [정치/사회]  SNS 쇼크
    카르스텐 괴릭 | 시그마북스
    2012.11.15
    [드라마/로맨스]  소셜 네트워크 [The Social Network] [13년 6월 소니 가격 할인행사]
    제시 아이젠버그, 앤드류 가필드, 저스틴 팀버레이크 | 소니픽쳐스
    2013.06.13
     


    Posted by Johns Shin
    ,

    Older College-Educated Workers Now Have Higher Unemployment Rates Than Fresh Graduates



    Read more: http://www.businessinsider.com/unemployment-rates-by-education-2014-7#ixzz36pIxMicQ



    Torsten Slok just released a comprehensive presentation showing the state of the jobs market in 20 charts.

    One that he left out was the shifting trends in unemployment by educational attainment.

    The St. Louis Fed's FRED database can help us out here. First, here are the long-run trends. All but PhD's remain above their pre-recession levels.  

    unemployment rate by education

    FRED

    Zeroing in on the past five years, we see that rates among Master's degrees and Ph.D holders have actually crept upward recently, while the decline for those with less than a bachelor's has been much more emphatic.

    unemployment rate by education

    FRED

    But here's the truly important table: unemployment rate by educational attainment by age. It shows that older workers actually have higher unemployment rates than folks just out of college. Steve Hipple an economist at BLS, told BI it is not immediately clear why this is occurring, given that younger people tend to have higher rates given their lack of experience. He hypothesized it may now be the case that only younger workers are willing to take "reservation wages," the lowest wage rate at which a worker would be willing to accept a particular job. He also said there has been anecdotal evidence of age discrimination, and that in general the long-term unemployed now tend to be older. 

    unemployment rate by education

    BLS

    Anyway, here's a final chart showing current rates, along with earnings:

    epi unemployment chart

    BLS



    Read more: http://www.businessinsider.com/unemployment-rates-by-education-2014-7#ixzz36pJ1d7YO

    Posted by Johns Shin
    ,


    Everyone Is Passing Around This Chart Showing How Much The Great Investors Have Beat The Market



    Read more: http://www.businessinsider.com/ranked-the-greatest-investors-of-all-time-2014-7#ixzz36pHuso2t


    This chart, plotting the greatest investors of all time based on their returns compared to the S&P 500 over time, is getting passed around all over the finance arena on Twitter.

    Investors listed range from people still in the game, like David Einhorn of Greenlight Capital, to legends who are no longer with us, like Walter Schloss and Benjamin Graham. U.K. publisher Harriman House made the chart.

    What instantly jumps out is that there are a lot of people who have beat the market big-time over the course of a few years. But, there aren't many people with a track record of beating the market over the course of decades. Both Soros and Buffett stand out as guys who crushed the market over many years.

    Check it out below, via @PlanMaestro and @RichardBeddard:



    Read more: http://www.businessinsider.com/ranked-the-greatest-investors-of-all-time-2014-7#ixzz36pHznW00

    Posted by Johns Shin
    ,