The Value At Risk Management - 1219 Words

Most people who have invested or are considering investing in any financial asset, ask at some point in time the following question: What is the most I can loose on my investment? The Value at Risk, commonly known as VaR, tries to answer this question within a reasonable bound. VaR is used in financial mathematics and financial risk management as a risk management tool to measure the risk of loss of an individual asset or a whole portfolio. Although it provides a good sense of risk one is undertaking, it shouldn’t be an alternative method to risk adjusted value and or other probabilistic approaches. In the following lines, we first give a general description of the VaR and the story behind its development and its applications. We then†¦show more content†¦Financial institutions, mostly commercials and investments banks, use the VAR to gauge the amount of cash they should hold in their reserve in order to be able to cover the potential loss. Although the term â€Å"Va lue at risk† has not been used till the1990s, the origins of its measure lie further back in time. The arithmetic behind the VaR were developed by Harry Markowitz (1952) in his studies of effects of asset risk, return, correlation, and diversification on probable investment portfolio returns which contributed to the modern portfolio theory. In fact, the trigger of the use of VaR came from the crisis that tormented the financial market and the regulatory responses to these crises. After the great depression of 1929, the Securities Exchange Act established in 1934 the Security Exchange Commission (SEC), a federal government agency in charge of regulating stocks and options exchanges. Since the SEC initially required banks to keep their borrowing below 2000% of their equity capital, Banks developed risk measures and control devices to ensure that they meet the capital requirements. In the 1970, the introduction of financial derivatives markets and floating rate exchanges have si gnificantly increased the volatility, which is the risk, in the financial markets. The latter was confirmed by the failure in 1995 of Barings, the British investment bank, by the unauthorized trading in Nikkei (Japan’s stock

Siddhartha Is The Basis Of Buddhism - 897 Words

Siddhartha, or more commonly recognized as Buddha, is the basis of Buddhism. Around 500 BC Buddha was prophesized to either to be a spiritual teacher or a worldly ruler. Siddhartha was hidden from agony and pain by his father who wanted him to rule all of India someday. This aspect allowed him to experience a life filled with wealth and fulfillment of desires. However, at 29 years of age he went out for chariot rides and saw 3 universal truths; a sick person (illness), old man (suffering) and a corpse (death). Therefore he started to contemplate the reason to suffering and how to end it, in order to gain something one must first lose everything (Grubin). After abandonment of his wealthy life standards, he lived the life of self-neglect. However, both extremes of penance and self-satisfaction cured him of his suffering or moved him toward the path of enlightenment. After realizing this, Buddha states â€Å"Avoiding both of these extremes, the middle way realized by the Tathagata, tha t which produces vision and knowledge, leads to calm, to direct knowledge, to self-awakening, to freedom.† which correlates to how one should live their life in balance from both extremes (â€Å"The Path To Peace†, 2009). This realization lead him to develop the four noble truths; the truths of suffering, the truth of the cause of suffering, the truth of the end of suffering, the truth of the middle path leading to the end of suffering ( â€Å"Buddhist Studies: The Four Noble Truths†, 2008). After realizing theShow MoreRelated The Use of Hesse Siddhartha to Reflect the Legendary Atmosphere of Buddha1486 Words   |  6 PagesThe Use of Hesse Siddhartha to Reflect the Legendary Atmosphere of Buddha Siddhartha is one of the names of the historical Gautama, and the life of Hesses character resembles that of his historical counterpart to some extent. Siddhartha is by no means a fictional life of Buddha, but it does contain numerous references to Buddha’s philosophies and his teachings. Although Hesse’s Siddhartha is not intended to portray the life of Gautama the Buddha but he used the name and many other attributedRead MoreLittle Buddh A Powerful And Entertaining Movie That Retells The Mythological Tale Of Buddha Essay1465 Words   |  6 Pagesmonks, a children’s book called â€Å"Little Buddha: The Story of Prince Siddhartha†, so he can learn about the Buddhist religion and Siddhartha’s journey to enlightenment. Lama Norbu insists that Jesse accompanies the monks on their journey to Bhutan, where the monks will test Jesse, to discover if he is the true reincarnation of Lama Dorje. 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For instance, both the religions were started and founded by different people and in dissimilar ways. A second one would be what they believe in; number of deities, and what they base their knowledge around. A final difference between the two would be how they practice their religion and worship their â€Å"God.† Between the two religions they both had a different start. Buddhism started whenRead MoreBuddhism : A Basis For Reality Essay1264 Words   |  6 PagesPhillip Rickett Professor Chris Collins Philosophy 101 11 December 2016 Buddhism: A Basis for Reality Buddhism can be used to understand the complexities of our reality. Since Buddhism is based solely on observations that can be observed by anyone; this allows each individual to reach a state of enlightenment within their lifetime. Buddhist teachings free your mind from the suffering that you have experienced since birth and throughout your life. The perceptions we have created of our selfRead MoreThe Origins And Central Beliefs Of Islam1735 Words   |  7 PagesThree Theologies for Thee The origins and central beliefs of Islam, Buddhism, and Christianity should be common knowledge to understand our world today and its history. Islam is an Abrahamic monotheistic religion that professes that there is only one god. Muhammad is the last messenger of the god Allah. It’s the world’s fastest growing religion and the second largest in the world. Muslims make up 23% of the world’s population. Islam teaches that Allah is peaceful, all-minded, and unique, and he hasRead MoreConfucianism : Ziran And Wuwei1371 Words   |  6 PagesDaoism were developing in China, Buddhism began to emerge in India. Buddhism’s story begins with Siddhartha Gautama (563-483 B.C.). Siddhartha’s father desperately worked to keep Siddhartha ignorant of the difficulties of life so as to discourage any religious thoughts from taking root in his mind. His efforts failed as Siddhartha took trips outside of his palace home and saw four sights: a sick person, an old person, a dead person, and an ascetic person. Siddhartha became devoted to understandingRead MoreAp World History Dbq Buddhism1014 Words   |  5 PagesBuddhism began by Buddha himself preaching his enlightenment message on his view on the world and how humans should, and the best way to, succeed in the world. However in the 6th century BCE the government had fallen and there was period of instability until the Sui Dynasty took over, during this period was when Buddhism began to majorly spread. After the fall of the Han dynasty, there were many responses to the spread of Buddhism throughout China between the 6th century BCE and 570 CE. BuddhismRead MoreBuddhism from a Christian View920 Words   |  4 PagesBuddhism from a Christian View When the word Buddha is spoken the thoughts of Zen, peace and tranquility may come to mind. To the over 300 million Buddhist’s throughout the world Buddhism is much more than a religion, it is a way of life. The path of a Buddhist can be summed up in three simple sentences. The first, lead a moral life. The second, be mindful of your thoughts and actions and lastly, develop wisdom and understanding. Buddhism is said to explain injustice within the world and at theRead MoreA Research Study On Meditation966 Words   |  4 Pagessimple rituals evolved into a practise that was not much more complicated to use on a daily basis. An important source for records of meditation are the Upanishads, which are texts that discuss meditation, philosophy and spiritual knowledge. Meditative traditions were included in the Vedas for the Hindu religion but also had ties to Buddhism. Although mediation was happening before the time of the Buddha, Siddhartha Gautama is accredited as one of the b iggest meditation icons, not only in the past but

Laboratory Organizations CMS

Question: Indicate whether you agree or not, and why. Will this proposal affect "quality processes and results". Explain why or why not. Answer: CMS made an announcement in its memorandum that a bachelor degree in nursing is equivalent to an associate concerning biological science and allows an individual having a nursing degree to perform high and moderate complexity tests (Dickerson, 2016). Degree in biological science demands advance coursework to safeguard a patients health. CLIA complexity laboratory serves the senior supervisory to satisfy the specific clinical training. CMS is urged to put emphasis on their patients first and later withdraw its policy that nursing is a biological science. Reference list: Centers for Medicare Medicaid Services (CMS), HHS. (2015). Announcement of ruling: implementing United States v. Windsor for purposes of entitlement and enrollment in Medicare hospital insurance and supplementary medical insurance. Notice of CMS ruling.Federal register,80(30), 7975. Dickerson, D. (2016). Access to health care of your choice.North Carolina medical journal,77(2), 104-105.