Sunday, May 24, 2020
The Battle of Hamburger Hill was fought May 10-20, 1969, during the Vietnam War (1955-1975). In late spring 1969, American and South Vietnamese forces commenced Operation Apache Snow with the intent of driving North Vietnamese troops from the A Shau Valley. As the operation moved forward, heavy fighting developed around Hill 937. This soon became the focus of the battle and additional American forces were committed with the goal of securing the hill. After a grinding, bloody fight, Hill 937 was secured. The fighting on Hill 937 was covered extensively by the press who questioned why the battle was necessary. This public relations problem escalated when the hill was abandoned fifteen days after its capture. Fast Facts: Battle of Hamburger Hill Conflict: Vietnam War (1955-1975)Date: May 10-20, 1969Armies Commanders:United StatesMajor General Melvin Zaisapprox. 1,800 menNorth VietnamMa Vinh Lanapprox. 1,500 menCasualties:United States: 70 killed and 372 woundedNorth Vietnam: Approximately 630 killed Background In 1969, US troops began Operation Apache Snow with the goal of clearing the Peoples Army of Vietnam (PAVN) from the A Shau Valley in South Vietnam. Located near the border with Laos, the valley had become an infiltration route into South Vietnam and a haven for PAVN forces. A three-part operation, the second phase commenced on May 10, 1969, as elements of Colonel John Conmeys 3rd Brigade of the 101st Airborne moved into the valley. Among Conmeys forces were the 3rd Battalion, 187th Infantry (Lieutenant Colonel Weldon Honeycutt), 2nd Battalion, 501st Infantry (Lieutenant Colonel Robert German), and the 1st Battalion, 506th Infantry (Lt. Colonel John Bowers). These units were supported by the 9th Marines and the 3rd Battalion, 5th Cavalry, as well as elements of the Army of Vietnam. The A Shau Valley was covered in thick jungle and dominated by Ap Bia Mountain, which had been designated Hill 937. Unconnected to the surrounding ridges, Hill 937 stood alone and, like the surrounding valley, was heavily forested. Moving Out Terming the operation a reconnaissance in force, Conmeys forces began operations with two ARVN battalions cutting the road at the base of the valley while the Marines and 3/5th Cavalry pushed towards the Laotian border. The battalions from the 3rd Brigade were ordered to search and destroy PAVN forces in their own areas of the valley. As his troops were air mobile, Conmey planned to shift units rapidly should one encounter strong resistance. While contact was light on May 10, it intensified the following day when the 3/187th approached the base of Hill 937. Sending two companies to search the north and northwest ridges of the hill, Honeycutt ordered Bravo and Charlie companies to move towards the summit by different routes. Late in the day, Bravo met stiff PAVN resistance and helicopter gunships were brought in for support. These mistook the 3/187ths landing zone for PAVN camp and opened fire killing two and wounding thirty-five. This was the first of several friendly fire incidents during the battle as the thick jungle made identifying targets difficult. Following this incident, the 3/187th retreated into defensive positions for the night. Fighting for the Hill Over the next two days, Honeycutt attempted to push his battalion into positions where they could launch a coordinated assault. This was hampered by difficult terrain and fierce PAVN resistance. As they moved around the hill, they found that the North Vietnamese had constructed an elaborate system of bunkers and trenches. Seeing the focus of the battle shifting to Hill 937, Conmey shifted the 1/506th to the south side of the hill. Bravo Company was airlifted to the area, but the remainder of the battalion traveled by foot and did not arrive in force until May 19. Soldiers inspecting the damage in the surrounding area of Dong Ap Bia during Operation Apache Snow, May 1969. US Army Military History Institute On May 14 and 15, Honeycutt launched attacks against PAVN positions with little success. The next two days saw elements of the 1/506th probing the southern slope. American efforts were frequently hindered by the thick jungle which made air-lifting forces around the hill impractical. As the battle raged, much of the foliage around the summit of the hill was eliminated by napalm and artillery fire which was used to reduce the PAVN bunkers. On May 18, Conmey ordered a coordinated assault with the 3/187th attacking from the north and the 1/506th attacking from the south. Final Assaults Storming forward, Delta Company of the 3/187th almost took the summit but was beaten back with heavy casualties. The 1/506th was able to take the southern crest, Hill 900, but met heavy resistance during the fighting. On May 18, the commander of the 101st Airborne, Major General Melvin Zais, arrived and decided to commit three addition battalions to the battle as well as ordered that the 3/187th, which had suffered 60% casualties, be relieved. Protesting, Honeycutt was able to keep his men in the field for the final assault. US Army Photographer and assistant climbing through the devastated landscape on Dong Ap Bia after the battle. US Army Military History Institute Landing two battalions on the northeast and southeast slopes, Zais and Conmey launched an all-out assault on the hill at 10:00 AM on May 20. Overwhelming the defenders, the 3/187th took the summit around noon and operations began to reduce the remaining PAVN bunkers. By 5:00 PM, Hill 937 had been secured. Aftermath Due to the grinding nature of the fighting on Hill 937, it became known as Hamburger Hill. This also pays homage to a similar fight during the Korean War known as the Battle of Pork Chop Hill. In the fighting, US and ARVN forces suffered 70 killed and 372 wounded. Total PAVN casualties are unknown, but 630 bodies were found on the hill after the battle. Heavily covered by the press, the necessity of the fighting on Hill 937 was questioned by the public and stirred controversy in Washington. This was worsened by the 101sts abandonment of the hill on June 5. As a result of this public and political pressure, General Creighton Abrams altered US strategy in Vietnam from one of maximum pressure to protective reaction in an effort to lower casualties.
Thursday, May 14, 2020
Desperate Air Managers are constantly faced with ethical dilemmas. The book, Managing Business Ethics: Straight talk how to do it right, defines an ethical dilemma as a situation when two or more Ã¢â¬Å"rightÃ¢â¬ values are in conflict (Trevino Nelson, 2010). A decision can sometimes be legally correct, but it does mean it is always ethically correct. A decision may not always maximize the benefits to society or stakeholders. In the following essay, I will review Dash decision and how the RDCAR approach helps me make a better decision. The case of Desperate Air Corporation (DAC) is a company going through financial difficulties. In hopes to turn the company around the CEO, Benton Williams, wants to sell a large underdeveloped ocean frontÃ¢â¬ ¦show more contentÃ¢â¬ ¦He walked to the land and saw the hazardous danger signs, however, he did not how long those containers were in the land or who placed them there. I would have assembled a team of external environmental experts to find out how harmful was the contaminated land to people. I would have asked them for their professional opinion about the safety of future occupants. Lastly, I would have inquired about the environmental audit made 6 months ago. The environmental audit did not discover any problems with the property. Also, I would investigate further about the previous landowner and see if DAC could take any legal action. The third step is cognition. Since Dash did not share his concerns with anyone except for the CEO and lawyer. I would have assembled a team of lawyers, board members and an ethics expert. We would have had a panel discussion and assess our social responsibility to the community. We would also need to assess the possibility of a lawsuit by Fledging when they find out that the land had toxic waste. If this lawsuit goes public, how will this affect the image of the company? Our customers could distrust DAC and may not want to fly with us. This can lead to a faster bankrupt and erase any possibility of a financial turnaround. After gathering my facts and doing a cost analysis, I would my recommend to Benton Williams to be honest about the conditions of the land to Fledgling. Although, we most likely not deal with thisShow MoreRelatedHbr When Your Core Business Is Dying74686 Words Ã |Ã 299 PagesBanking | Asset Management | Financial Planning | Trust Services | Estate Planning Services | Business Banking Jess Jackson, Upper Hawkeye Mountain Estate, Alexander Valley Terroir can be defined as that mystical melding of light, water, soil, air and human touch. It is a definition I often use. The simple fact is, you must have a world-class grape in order to make a world-class wine. And when it comes to grapes, their source, the land is what matters. Precious few places exist on this Earth
Wednesday, May 6, 2020
The Impact of Ben LomanÃ¢â¬â¢s Character on Theme and Character Development in Arthur MillerÃ¢â¬â¢s Death of a Salesman Some characters in literature who only appear briefly in the work can have a tremendous impact on the literature. These characters have a significant presence in the literary work. In Arthur MillerÃ¢â¬â¢s Death of a Salesman, Ben Loman is that character. Ben is the brother of the main character Willy. Though Ben has a brief part in this play, he affects the theme and development of other characters. The theme of Death of a Salesman is to be honest to yourself and to live the right dream. Ben had a tremendous impact on this theme in the play. Ben went into the jungle when he was 17 and came out of it rich. Following the theme ofÃ¢â¬ ¦show more contentÃ¢â¬ ¦Ben lived the life he wanted and had the job he wanted. Even though BenÃ¢â¬â¢s involvement in the play was brief, he showed that if you are honest to yourself, you get to live the life that you want. His honesty to himself is the counterpart to Willy not following the right dreams. Ben was what Willy needed to be like. The theme of the play was lived and shown by Ben. The effect that Ben had on the development of other characters is shown the most by Willy. Willy was the brother of Ben and wanted to be successful like his brother. Through all the trips Ben made, he was quite a successful man. Ben was rich and happy, which is what Willy wanted to. When WillyÃ¢â¬â¢s mind was going crazy, Ben would appear to him at times. Willy always seemed to be happy when he talked to Ben, even though he was really talking to himself. Ben would offer advice to Willy when Willy thought about him. After the restaurant incident, Willy was once again Ã¢â¬Å"visitedÃ¢â¬ by Ben. Ben was telling Willy how his family would be financially stable from the insurance money if Willy died. This Ã¢â¬Å"conversationÃ¢â¬ that Willy had with Ben seemed to convince Willy that he should kill himself in an automobile accident. Throughout the play, Ben had an effect on the development of Willy. Only briefly did Ben appear in Death of a Salesman, but he had a significant presence in the play. Ben had tremendous affects on the theme of the play and the character development of Willy. Ben didShow MoreRelated Myths of the American Dream Exposed in Arthur Millers Death of a Salesman828 Words Ã |Ã 4 PagesMyths of the American Dream Exposed in Arthur Millers Death of a Salesman Ã Willy Loman, the lead character of MillerÃ¢â¬â¢s play, Death of a Salesman, believes in the myths of the capitalistic society(DiYanni 412). This essay will examine the impact of the capitalistic myths on Willy Lowman. Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Willy believes in the myth that popularity and physical appearance are the keys that unlock the door to the Ã¢â¬Å"American DreamÃ¢â¬ . We are first introduced to the importance of popularity and physicalRead MoreArthur Miller s Death Of A Salesman1326 Words Ã |Ã 6 Pagesbetween past events and a characterÃ¢â¬â¢s present actions and values. In Arthur MillerÃ¢â¬â¢s Death of a Salesman, Willy is haunted by memories of his older brother, father, and salesman Dave Singleman. WillyÃ¢â¬â¢s character and values are constantly influenced by the memory of the three men, compounding upon his deliria throughout the play. Willy considers these men the epitome of success, thus explaining his dependency on all three. MillerÃ¢â¬â¢s view on society, men, and the success of the American Dream are portrayedRead More Dreams and Success in Arthur Millers Death of a Salesman Essay1748 Words Ã |Ã 7 PagesDreams and Success in Arthur Millers Dea th of a SalesmanÃ Ã Ã Ã Ã In Arthur Millers play, Death of a Salesman, Miller probes the dream of Willy Lowman while making a statement about the dreams of American society. This essay will explore how each character of the play contributes to Willys dream, success, and failure. Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Willy is the aging salesman whose imagination is much larger than his sales ability. Willys wife, Linda, stands by her husband even in his absence of realismRead MoreThe Internal and External Conflicts of Willy Loman Essay1190 Words Ã |Ã 5 Pagesinternal and external conflicts throughout literature. Going in depth to a character allows the reader to better understand that characterÃ¢â¬â¢s internal and external conflicts. Arthur Miller uses this technique in several of his plays, including Death of a Salesman. Miller portrays the character of Willy Loman in Death of a Salesman through his internal and external conflicts. The internal conflict begins with WillyÃ¢â¬â¢s expectations for his sons and The Woman. Willy struggles throughout the play withRead More Destruction of the American Dream in Arthur Millers Death of A Salesman834 Words Ã |Ã 4 PagesDestruction of the American Dream in Arthur Millers Death of A Salesman A white picket fence surrounds the tangible icons of the American Dreams in the middle 1900s: a mortgage, an automobile, a kitchen appliance paid for on the monthly - installment - plan, and a silver trophy representative of high school football triumph. A pathetic tale examining the consequences of mans harmartias, Arthur Millers Death of A Salesman satisfies many, but not all, of the essential elements of a tragedyRead MoreArthur Miller s Death Of A Salesman1159 Words Ã |Ã 5 Pagesthroughout their lives. Views, beliefs, activities, and conflicts have an impact on how individuals form their identities. People go through life trying to recognize their character traits, the act of which leads them to their identities, but over time can lose the identities they have through society, through a marriage, or through oneÃ¢â¬â¢s own self. Willy Loman, a delusional salesman, in Arthur MillerÃ¢â¬â¢s Death of a Salesman; Minnie Wright, an unhappy and lonely housewife, in Susan GlaspellÃ ¢â¬â¢s Trifles;Read MoreAnalysis Of The Play Death Of A Salesman 1041 Words Ã |Ã 5 PagesResearch paper for Ã¢â¬Å"Death of a SalesmanÃ¢â¬ In the play Ã¢â¬Å"death of a salesmanÃ¢â¬ by author miller, the dramatist focuses on the theme of Ã¢â¬Å"the American dreamÃ¢â¬ . Lowman, a botched salesman, is the protagonist of the play. Willy is certain that society only has room for winners. In support of this, the playÃ¢â¬â¢s theme demonstrates how a victim of Ã¢â¬Å"the American dreamÃ¢â¬ can be destroyed by fabricated promises that will impact not only Ã¢â¬Å"business life but will conflict with personal relationships as wellÃ¢â¬ (ElwellRead MoreEssay about Marxism and the Fall of Willy Loman in Death of a Salesman2986 Words Ã |Ã 12 PagesUnited States endured internal battles in political ideologies between capitalists and Marxists, which is the focus of Arthur MillerÃ¢â¬â¢s play Death of a Salesman. According to Helge Normann Nilsen, author of Ã¢â¬Å"From Honors At Dawn to Death of a Salesman: Marxism and the Early Plays of Arthur Miller,Ã¢â¬ the Great Depression had a profound impact in forming the p olitical identity of Arthur Miller: Ã¢â¬Å"The Great Depression created in him a lasting and traumatic impression of the devastating power of economicRead MoreCharacters Influenced by Traumatic Internal Events: Hamlet, and Death of a Salesman1018 Words Ã |Ã 5 Pagescharacters in both William ShakespeareÃ¢â¬â¢s Hamlet and Arthur MillerÃ¢â¬â¢s Death of a Salesman harness AristotleÃ¢â¬â¢s philosophical ideology. In both plays, a main character becomes so overwhelmed by mental or psychological events that their actions become reflective of them. Although set in different time periods and involving entirely different circumstances, the fates of both ShakespeareÃ¢â¬â¢s Ophelia and MillerÃ¢â¬â¢s Willy Loman reach a climax in self-inflicted deaths brought on by the accumulation of traumatic internalRead MoreThe Great Depression Of Arthur Miller, A Life Of Fame, Luxury, And Well Known Plays1522 Words Ã |Ã 7 Pagesplays. This was unquestionably the life of Arthur Miller, who is one of AmericaÃ¢â¬â¢s well known playwrights of the twentieth century. His impact on American theater is still recognized today and will continue to be looked at for years to come. However, Miller will not only be recognized by his plays but by his high profile marriage, his work in politics and the list goes on. Arthur miller is viewed through American literature by his life, literary works, and impact on American theater. Born in New York
Tuesday, May 5, 2020
This paper examines the relationship between the First Amendment right and the concepts of Freedom of the Press and Censorship. This paper takes a look at what is protected by the First Amendment. It also looks at how the courts have ruled in a number of important cases. The paper identifies Congressional opinion and actions. It then takes a philosophical look at the issue. Karl Marx wrote extensively on Freedom of the Press and it looks at his position on the issue. His viewpoint is then contrasted with that of the Roman Catholic Church on these issues, through a study of how censorship has been applied throughout the Churchs history. The freedom of religion, speech, and of the press, as guaranteed by the First Amendment to the Constitution, are basic rights enjoyed by American citizens, however the precise definitions and limitations are vague. Various challenges and court rulings have extended the definition of speech to include verbal communication as well as non-verbal communication, such as artistic or physical expression, and symbolic gesture. We will write a custom essay sample on Censorship, Freedom of the Press, Karl Marx and The Catholic Church or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page As the courts have broadened the definitions and protections under the freedom of speech, so have they imposed limitations or exclusions, such as defamation, obscenity, sedition, causing panic, incitement to crime and fighting words.
Sunday, April 5, 2020
Introduction Economic recession is a cycle in business in which there is relatively lower economic activities in the business market. Such was the experience that the economy of the United States faced in the year 2009 following the crisis that was realized in the housing market.Advertising We will write a custom essay sample on Macroeconomics: Collapse of the United States Housing Market specifically for you for only $16.05 $11/page Learn More Though a recovery has since been realized, macroeconomic factors have been players in the housing bubble and the realized recovery. This paper seeks to discuss the macroeconomics of the United StateÃ¢â¬â¢s economy. The paper will look into circumstances that led to the collapse of the United States housing market, classifications of macroeconomic indicators and possible steps towards economic recovery of the United States. Factors that led to the Collapse of Housing Market The collapse of the housing market was considerably a culmination of factors that had accumulated in a system for a long period of time. One of the causes of the crisis was identified to be the policies that were over time adopted by the countryÃ¢â¬â¢s policy makers. Government policies made over the last three decades in the mortgage sector had, for instance, been geared towards pushing financial institutions towards increasing the level of financing to the general public. These policies thus pushed the institutions to offering loans to individuals who even failed to meet required credit worthiness levels. Legislations such as the Ã¢â¬Å"community reinvestment actÃ¢â¬ of the year 1977, for example, called for financial institutions to make lending advances to the communities in which they operated. The consequence of the legislation was that if an individual applied for a loan then the institution could have no option but to comply with the application or risk being accused of violating the countryÃ¢â¬â¢s constit ution.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This move thus forced banks and other financial institutions to offer risky lending. The result was an increased borrowing that was invested in the housing sector. This eventually had a destabilizing effect on the market owing to the market forces of demand and supply (Gordon, 2008). The Federal Reserve was equally accused of fuelling the eventuality of the collapse in the market through steps towards destabilization of the housing market. Though the move might not have been direct or intentional, it played a role to the change in demand in the housing market. In a move that was viewed as a step towards stabilization of the economy, the public was to be empowered into investments through lowered rates. The reduced rates also contributed to peopleÃ¢â¬â¢s motivation into taking loans which were directed towards the housing market. This is particularly because the loans were made affordable to an increased majority that had previously feared the previously high rates (Murphy, 2008). The capitalistic system of the American economy is also a factor towards the crisis that was realized in the housing market. The fact that money value as well as the flow of capital is determined by the Federal Reserve rather that the market demand and supply for money also pushed the responsibility to the hands of the federal government and the Federal Reserve for the crash in the market. Since the Federal Reserve determines the flow of capital in the economy and even the money value, inaccurate decisions over these issues will bear consequences to the economy in terms of monetary value which translates to economic instability. The policies and legislations that led to increased lending were not out of credit worthiness considerations but due to pressure on the demand in the housing sector. Consequently there was inflation in the value of the houses.Advertising We will write a custom essay sample on Macroeconomics: Collapse of the United States Housing Market specifically for you for only $16.05 $11/page Learn More The price of the subprime loans that were pumped into the market also led to increased rates on repayments that put burden on individual investors. People could then not pay for the loans leading to repossessions and a final collapse in the real estate value and the ultimate collapse of the housing market. The collapse of the market was thus due to economic policies that destabilized the market forces in the sector leading to its fall (BBC, 2007). Macroeconomic indicators Macroeconomics deals with the totality of an economy in terms of its performance and even behavior and structures among other aspects. Macroeconomic indicators can be classified into three categories. The first classification is the leading macroeconomic indicators which are defined as preliminary variabl es that foresee an occurrence in an economy. They point out to an occurrence that is not yet realized but is imminent. They are identified as the Ã¢â¬Å"variables that predicts or lead toÃ¢â¬ (McEachem, 2005, p. 432) economic changes. Though the leading indicators are a hint of what could happen in the economy, they cannot offer exact illustration of what will occur but rather offer a probabilistic forecast that could at the same time be wrong. A reduced rate of turnover in an industry can, for example, be an indicator of initial stages of recession in an economy. A change into improvement in the rate and volume of sales would on the contrary indicate a turn into economic recovery (McEachem, 2005). Another class of indicators is the coincident macroeconomic indicators. Coincident indicators are those variables that identify the extremes of an economy. They identify the economyÃ¢â¬â¢s best and worst performance in terms of period and even properties.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Considerations of factors such a Ã¢â¬Å"total employment and personal incomeÃ¢â¬ (McEachem, 2005, p. 432) are examples of coincident indicators. Lagging indicators are on the other hand variables that show effects of economic changes and are identified after these changes have occurred. Such indicators include factors such as interest rates and considerations of unemployment in an economy in terms of time period (Elwell, 2011). Possible Steps towards Economic Recovery The economic recession as realized by the United States in the year 2007 to the year 2009 are significantly blamed on economic policies that drove the housing market to its inflation and subsequent collapse. Necessary counter measures to this inflation, which I would adopt if I were the president, are monetary together with fiscal policies. Monetary policies such as increasing the lending rates as well as restricting regulations on bank lending are some of the measures that I would enact to reduce the money flow int o the economy. Among the fiscal policies that I would adopt is the federal investment into the housing sector in order to save the American citizens from losing their houses to financial institutions in the form of repossessions. Conclusion The performance and state of economies are cyclic with recession and recovery sessions. Though it can at times be abrupt and inevitable, there exist indicators that can predict economic cycles. Necessary policies can also be adopted to prevent or control unfavorable economic periods. References BBC. (2007). The downturn in facts and figures. Retrieved from: http://news.bbc.co.uk/2/hi/business/7073131.stm Elwell, C. (2011). Economic Recovery: Sustaining U. S. Economic Growth in a Post-Crisis Economy. Darby, Pennsylvania: DIANE Publishing. Gordon, R. (2008). Did liberals cause the subprime crisis? Retrieved from: https://prospect.org/article/did-liberals-cause-sub-prime-crisis McEachem, W. (2005). Economics With Infotrac: A Contemporary Introductio n. New York, NY: Cengage Learning. Murphy, R. (2008). Did the Fed cause the housing bubble? Retrieved from: https://mises.org/library/did-fed-cause-housing-bubble This essay on Macroeconomics: Collapse of the United States Housing Market was written and submitted by user Ronan Ross to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Sunday, March 8, 2020
Organ donations essays Specific Purpose: To persuade my audiences to donate their organs and tissues when they die and act upon their decision to become organ donors. A. How do you feel when there is something that you really want but you cant have? What if you couldnt live without it? Well, I know my aunt who has liver cancer desperately wants a new liver but she cant have one until someone donates a liver to give to her. Her name went on a waiting list and she waited for a miracle. She finally got one when a liver match was donated by a women in a fatal car accident. The women who died gave my aunt the gift of life but not everyone is always so lucky. B. Someone you know could be on an organ transplant list. The number of people on the waiting list of organ donations is growing each day. The time is now for everyone to come together. Dennis OLeary M.D., president of the Joint Commission on Accreditation of Healthcare Organization, said, The challenge today is to make the gift of life available to all who need it. C. Today, I am going to talk to you about organ donations, how you can become an organ donor and finally how your family and the organ donor recipient benefit from you organ donation. A. First Im going to talk to you about organ donations and how important they really are. 1. Organ donation is also known as Giving the Gift of Life. One single donor can save or help up to 50 lives. Just imagine giving the miracle of life to 50 different people, its amazing. More than 85,000 people in the United States now are waiting life-saving transplants and over 6,000 people die each year while waiting for the organs to become available. a. From an article in the Pharma Business Week said that 6,455 people became deceased organ donors in the United States in 2003. This was an increase by 4.3% in the past years and it was the highest increase in donors since...
Friday, February 21, 2020
How modern portfolio theory can be used to manage the portfolio of your own_ - Essay Example The pros barely edged the DJIA by a margin of 51 to 49 contestsÃ¢â¬ (Investor Home, 2011). An investor simply parking their money in the Dow would have beaten the specific picks of the professionals about half the time, even without transaction costs or taxes. Even worse, later research found that the pros got a break due to the announcement effect of the stock (Liang, 1996). When the pros made an announcement, others invested naively, but these stocks later reversed quite quickly: When taking this into account, the pros did not beat the dartboard! And in the last year of the contest, the readers won slightly (Jasen, 2002). All of this seems to sink the idea of portfolio analysis: If the best pros in the world using the best techniques can't beat random chance, how can anyone? But modern portfolio tools have given investors, particularly newer ones, skills for constructing an asset portfolio that will beat out mutual funds and naive investment. The Failure of Mutual Funds It's not just professionals that struggle to create value. Mutual funds are also very bad at generating growth, and they have the advantage not only of many investors and many analysts but also time and a diverse portfolio! Ã¢â¬Å"By and large, what you're going to find is that very, very few active funds consistently match the performance of the various indexes over the long-term, much less beat them... Finding a fund that consistently beat its index is like looking for a needle in a haystackÃ¢â¬ (Distad, 2009). Distad's data shows that very few funds beat out the market over time. Further, he notes that many of these actively managed funds are highly unreliable in terms of their fidelity. 80% had performance history only going back a year, out of a random sample of almost 3500 funds! Investors need to construct their own portfolio, not just rely on mutual funds that have had a mixed record of success and have certainly suffered after events like Enron, WorldCom and the 2008 collapse. A ssets Chosen I chose two assets: Whole Foods (WFMI) and Nintendo (NTDOY.PK). I wanted to pick two assets, one of which was more of a growth asset and another which was an asset that produced products I was familiar with and that I knew something about the likely market response to. The goal for both was risk control first and growth second: That is, I wanted there to be a steadiness to the line, whether it was going horizontally or sloping upwards. I selected based off of a visual analysis of both companies over five years, then used iQfront's analysis to see what the statistics were, and was pleasantly surprised. Modern portfolio theory emphasizes that risk has to be measured based on the variance of the stock (Goetzmann, 2011). Indeed, the core idea is that a tangency line can be created that has a riskless asset used as a baseline for comparison where both risk-averse and risk-accepting investors could invest comfortably, a perfect middle ground (Goetzmann, 2011). But finding tha t perfect portfolio is difficult, because Ã¢â¬Å"a major difficulty in estimating an efficient frontier accurately is that errors grow as the number of assets increase. You cannot just dump all the means, std's and correlations for the world's assets into an optimizer and turn the crankÃ¢â¬ (Goetzmann, 2011). We will return to why analyzing risk this way is compelling since other forms of risk are so appallingly inaccurately determined (Danielsson, 2009). In any respect, while growth is easy to measure (just look at how it's