Thursday, March 12, 2009

anti terror attach

Investors constantly hunt for alternative assets that might improve the risk-adjusted returns on their financial portfolios. When stock markets experience a downswing, investors search for more profitable alternatives. Financial newspapers fill headlines with record prices paid for certain works of art, giving rise to the idea that investing in art might be a profitable pursuit. Moreover.
Artprice recently reported a booming emerging art market for Russia, 780% growth for the Chinese15 (contemporary) art market since 2001, and 830% for the Indian (contemporary) art market in the past decade. To determine if these reported returns are feasible and indicate reasonable investment alternatives, we analyze whether investing in emerging art markets yields a competitive risk-adjusted return in comparison with other, more traditional asset classes that could be used optimally to diversify a financial portfolio.

India exhibits the strongest Sharpe ratio of all three emerging art markets and by far the strongest average annual return. Moreover, the Indian art index has a negative market beta and a nearly zero correlation with the S&P 500, which makes it another interesting investment for a well-diversified portfolio. Protectionism is the crack cocaine of economics. It may provide a high. It’s addictive. And it leads to economic death…We just cannot afford to go down that path.
And I hope our senators, Democrats and Republicans, will be very sensible on that front .

GDP is an important measure for determining how much India could afford to spend on defence, but it provides no insight into how much India should spend. Proponents of fixing a certain percentage of GDP as the minimum defence expenditure are status quoists, who use this argument as mere rhetoric, rather than as an articulation of defence policy. .

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