We want to own companies with straightforward, understandable business models that are sustainable against competition and change, and that hold up well
in different economic conditions.
I have a feeling that out of all the stocks in my portfolio, Visa will be one of them that will outperform
in different economic conditions.
Occupation Change in real wages (2002 - 6) Change in real wages (2007 - 10) Change in real wages (2011 - 14) Social worker 7.5 % -0.5 % -3.9 % Transport professional 4.8 % 6.8 % 13.7 % Police officer 3.2 % -2.5 % -8.1 % Education professional 2.3 % 0.0 % -6.9 % Technology professional 1.6 % -3.7 % -5.2 % Nurse 0.0 % 3.2 % -6.4 % Electrician -0.3 % 3.9 % -4.0 % Travel agent -0.7 % -0.4 % -3.9 % Accountant -1.3 % -6.1 % -3.7 % Engineering professional -1.8 % -0.9 % -4.1 % Retail sales assistant -4.8 % -0.4 % -5.0 % Building trades -11.9 % -10.3 % -12.8 % Management consultant -17.8 % -6.3 % -10.4 % All UK full - time workers 3.8 % -0.9 % -5.9 % Table 3: Change in real wages
in different economic conditions 2002 - 14
Not exact matches
Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition
in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result
in increased inventory and reduced orders as we experience wide fluctuations
in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result
in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations
in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the
economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs
in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels
different from those
in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting
in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting
in significant additional costs, including costs associated with warranty returns or the potential recall of our products; ongoing uncertainty
in global
economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our investments may experience periods of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed
in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
Certain investments do better
in different economic and market
conditions.
What moves yields
in the market is the varying demands for securities of
different maturities at a particular time and under given
economic conditions.
Trump administration fiscal policy is expected to be similar to Ronald Reagan's measures, but
economic conditions today are much
different than
in 1981.
Investments
in foreign securities could subject the Funds to greater risks including, currency fluctuation,
economic conditions, and
different governmental and accounting standards.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general
economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines
in the securities and real estate markets, and perceptions of these
conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments
in new markets; breaches
in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes
in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions
in the agreements governing our indebtedness that limit our flexibility
in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions
in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations
in foreign currency exchange rates; overcapacity
in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays
in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases
in the price of, or major changes or reduction
in, commercial airline services; seasonal variations
in passenger fare rates and occupancy levels at
different times of the year; our ability to keep pace with developments
in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes
in which we operate; and other factors set forth under «Risk Factors»
in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
Contemporary evidence about the
economic cultures of East Asia, of successful ethnic groups
in different countries, or of the mobility of immigrants to this country all seems to point
in the same direction: self - denial and discipline are virtues that are the
condition sine qua non of early capitalist development.
Fourteen countries, from all regions,
in different ecological and socio -
economic conditions, were at the forefront of this exciting experiment.Some of the biggest lessons learned from the pilot and the recommendations for the UN SDG process are showcased
in this publication.
In addition to the community and
different cultures, socio -
economic conditions of the region to the other is also
different.
The Opportunity Index focuses on the
conditions present
in different communities and is designed to connect
economic, academic, civic and other factors together to help identify concrete solutions to lagging
conditions for opportunity and
economic mobility.
It not only helps
in analyzing
economic conditions but also studies the social needs under
different market structures, namely oligopoly, monopoly, perfect competition, duopoly, etc..
Each week Joe covers a
different aspect of financial planning, retirement options, and current
economic conditions in common sense language that everyone can understand.
Correlation is the extent to which the returns of
different types of investments move
in tandem with one another
in response to changing
economic and market
conditions.
Company Risk — Equity securities can fluctuate
in price based upon many
different factors, including among others, changes
in the company's financial
condition or prospects, or changes
in market or
economic conditions affecting a company's industry generally.
Additionally,
different mortgages rest largely on
economic developments and come
in many forms with
different conditions and terms.
Since
different asset classes out - perform and underperform
in different situations and under
different economic conditions, by combining asset classes, this portfolio aims to provide both growth as well as stability.
What moves yields
in the market is the varying demands for securities of
different maturities at a particular time and under given
economic conditions.
Since
different asset classes react to changing market
conditions in different ways, appropriate asset allocation can help us maintain confidence through
economic ups and downs and even increase one's potential for better returns over time.
Investments
in foreign securities could subject the Fund to greater risks including, currency fluctuation,
economic conditions, and
different governmental and accounting standards.
Trump administration fiscal policy is expected to be similar to Ronald Reagan's measures, but
economic conditions today are much
different than
in 1981.
Through my work as an independent curator, at the Liverpool Biennial
in the United Kingdom and subsequently as the director and later co-curator of the Werkleitz Biennale, I was able to explore
different approaches to artistic and cultural production and also to analyze curatorial and institutional models under a variety of cultural, social and
economic conditions.
In true Marxist form, it asserts that, «The concentration of economic power in few private hands must be replaced by a different order in which each person is entitled — as citizen, consumer or wage - earner — to influence the direction and distribution of production, the shaping of the means of production, and the conditions of working life.&raqu
In true Marxist form, it asserts that, «The concentration of
economic power
in few private hands must be replaced by a different order in which each person is entitled — as citizen, consumer or wage - earner — to influence the direction and distribution of production, the shaping of the means of production, and the conditions of working life.&raqu
in few private hands must be replaced by a
different order
in which each person is entitled — as citizen, consumer or wage - earner — to influence the direction and distribution of production, the shaping of the means of production, and the conditions of working life.&raqu
in which each person is entitled — as citizen, consumer or wage - earner — to influence the direction and distribution of production, the shaping of the means of production, and the
conditions of working life.»
Forward - looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward - looking information, including but not limited to: risks related to changes
in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and
economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced
in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes
in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO's; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company's business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation.
SLA - level predictor variables will include: accessibility (ARIA +), 33 socioeconomic status (using Socio
Economic Status for Areas (SEIFA) indexes, four indexes that summarise different aspects of the socioeconomic conditions of people living in an area based upon sets of social and economic information from the Australian Census35); full - time equivalent GPs; medical workers, nurses, pharmacists, Aboriginal health workers and community services workers per 10 000 population; rates of unemployment and labour force partic
Economic Status for Areas (SEIFA) indexes, four indexes that summarise
different aspects of the socioeconomic
conditions of people living
in an area based upon sets of social and
economic information from the Australian Census35); full - time equivalent GPs; medical workers, nurses, pharmacists, Aboriginal health workers and community services workers per 10 000 population; rates of unemployment and labour force partic
economic information from the Australian Census35); full - time equivalent GPs; medical workers, nurses, pharmacists, Aboriginal health workers and community services workers per 10 000 population; rates of unemployment and labour force participation.
The smaller differences
in the time path of home prices at
different locations within the same metropolitan area is due to considerable substitutability across locations that are subject to the same local
economic cycles and resultant fluctuations
in demand and supply
conditions.