Christian Ethics: A Very Short Introduction (Very Short by D. Stephen Long

By D. Stephen Long

Christian ethics, writes theologian D. Stephen lengthy, is the pursuit of God's goodness by means of humans "on the way" to a urban now not equipped by way of human hands.

The cultivation of sensible knowledge that comes from diversified resources, it attracts on all that's reliable in God's construction and one of the international locations. during this Very brief advent, lengthy examines those assorted assets, discusses the connection among Christian, smooth, and postmodern ethics, and explores functional matters together with intercourse, funds, and tool.

The ebook additionally examines many of the disasters of the Christian culture, together with the crusades, the conquest, slavery, inquisitions, and the Galileo affair. putting them within the context of the speculation and perform of ethics and their ancient standpoint, lengthy notes the demanding situations they increase for Christian ethics. He concludes with a dialogue in their implications within the glossy period, contemplating how this impacts our lives within the current age.

Long acknowledges the inherent problems in bringing jointly "Christian" and "ethics" yet argues that this is often an enormous job for either the Christian religion and for ethics.

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Fama's PhD dissertation, "The Behavior of Stock Prices," was published in The Journal of Business in 1963 and later excerpted in The Financial Analysts Journal and The Institutional Investor. Fama, a relatively young newcomer, had definitely caught the attention of the finance community. Fama's message was very clear: Stock prices are not predictable because the market is too efficient. In an efficient market, as information becomes available, a great many smart people (Fama called them "rational profit maximizers") aggressively apply that information in a way that causes prices to adjust instantaneously, before anyone can profit.

The purchase price of the business. 11 way of thinking, buying Coca-Cola this morning and holding it for ten years, carries zero risk. Buffett on Diversification Buffett's view on risk drives his diversification strategy; here too, his thinking is the polar opposite of modern portfolio theory. According to that theory, remember, the primary benefit of a broadly diversified portfolio is to mitigate the price volatility of the individual stocks. But if you are unconcerned with price volatility, as Buffett is, then you will also see portfolio diversification in a different light.

Page 35 Before people can successfully use the focus portfolio strategy taught by Buffett, they must remove from their thinking the constructs of modern portfolio theory. Ordinarily, it would be easy to reject a model that is largely considered ineffectual; after all, there is nothing prideful or rewarding about being average. But modern portfolio theory has developed a long history and a deep culture. It is full of neat formulas and Nobel prize winners. We should not expect the defenders of modern portfolio theory to be easily swayed.

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