Exact(29)
Out went fantasy business plans; in came a real asset with a proven record.
But few can resist the temptation of buying a rising asset with a cut-price loan.
"After looking carefully and hard at an unstable marketplace, we bought a high-quality asset with a stable cash flow".
In New York, Los Angeles and San Francisco, housing has turned into an investment asset with a resultant, highly destructive impact on the vitality of city life.
That is not bad for a risk-free asset with a maturity of one to six years in theory, and often only a few months in practice.
An asset with a beta of more than 1 rises more than the market in bull phases (or falls more when the market drops); an asset with a beta of less than 1 moves less violently.Sadly for the Yale-like portfolio, its beta rose sharply in the third quarter of 2008 when the market was in turmoil as Lehman collapsed.
Similar(31)
Suppose a worker invests $1 in an asset with an average return of 5% a year, subject to an average annual variation of 14%.
Puerto Venecia represents such an asset, with an attractive combination of retail, restaurants and leisure.
But art has also become an asset with an intrinsic and lasting value.
With a valuation of £16m, it's what the auditors describe as an asset with "an indefinite useful life".
Her fee is a percentage of the client's assets, with a minimum of $5,000 a quarter.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com