Fellow Shareholders, I am pleased to report that both the Oakmark International Fund and Oakmark International Small Cap Fund delivered solid absolute performance and outperformed
on a relative basis for the quarter.
Each time you «top up» to a slightly higher bracket, you'll pay a bit more
on a relative basis for the «extra» income earned.
Not exact matches
M&A will never be 100 % successful and we learn from every deal we do, and so not to pick
on any specific deal, but I've learned,
based on relative success of deals we've done in the past, is making sure the key leaders at the company share a vision with the founder, making sure the strategy drives the M&A, as opposed to the M&A driving the strategy, and making sure we have good support mechanisms
for these companies after they come in.
We then analyzed the business and financial profiles of the selected companies
for relative similarities to us and,
based on this assessment, we selected our comparable industry peer companies.
There is no doubt that,
based on pure, cold, logical data, stocks are the single best long - term performing asset class
for disciplined investors who are not swayed by emotion, focus
on earnings and dividends, and never pay too much
for a stock, often as measured
on a conservative beginning earnings yield
relative to the Treasury bond yield
basis.
In a rising interest rate environment, the risk that investors have in owning all bond mutual funds and / or bond ETFs
for their bond allocation is that both vehicles are managed
on a
relative return
basis versus a benchmark index.
«Industry Buy» --- a buy rating
for a stock within an industry because the analyst's boss has made it clear that recommendations are done
on a sector
relative basis and that at least one stock in an industry has to be a «buy.»
The PRC sets ranges
for the balanced asset mix and makes tactical adjustments
based on bottom - up forecasted returns,
relative valuations and an assessment of economic and market data.
«Industry Buy» --- a buy rating
for a stock because the analyst's boss has made it clear that ratings are done
on a sector
relative basis and that at least one stock in an industry has to be a «buy.»
The correlation analysis approach is employed when a forex trader waits
for the perfect moment when the crude oil graph exhibits a delayed response close to expiry, the investor would then execute the trade
based on the direction of EURO / USD
relative to the present price of oil.
As a home buyer, your ability to get approved
for a mortgage is
based on three main factors — your down payment
on the home, your current credit score, and your household income
relative to your household debt.
This data also forms the
basis for the
Relative Strength price charts found
on each industry page in the Value Line Investment Survey.
This is
based on its high beta, which is a good indicator
for how much the stock moves
relative to the rest of the market.
In his February 2015 paper entitled «The Search
for Crisis Alpha: Weathering the Storm Using
Relative Momentum», Nathan Faber tests a dual momentum safe haven
based on U.S. Treasuries of different durations as proxied by either constant maturity indexes or exchange - traded funds (ETFs).
The Maximum Profit score is
based on a combination of a stock's
relative strength rating and cash flow
relative strength rating (we've written about these concepts extensively — go here
for a refresher).
«I have consistently told partners that we expect to shine
on a
relative basis during minus years
for the Dow, whereas plus years of any magnitude may find us blushing» Warren Buffett, Partnership Letter 1962
The only intelligible solution to this problem would seem to be to admit the
relative religious value,
based on experience, of each group's scriptures
for its own corporate life, but to recognize that no book has final authority.
Those who argue against same - sex marriage
on the
basis of its potential to diminish the effectiveness of the institution as a solid foundation
for social stability have not thought about the price we have already paid
for this personal freedom, or the historical reality that most citizens of Western Nations have already chosen to pay it rather than choose the
relative social stability / security of tribalistic collectivism.
«Brexit is an opportunity
for us
on a
relative basis because of that in - market position which basically lowers your costs and provides a much better natural hedge,» Mr Haddock said.
For me,
on a
relative basis, Ramsey's best position is in the center.
He is obviously being targeted
on a weekly
basis and he has been caught out a number of times — think it is part of Wenger's training him
for his CB role because it will be a
relative doddle there in terms of one
on one exposure and pace battles.
Roma's Radja Nainggolan tops the list of potential candidates, achieving a stunning 83.9 % transfer match
based on a number of factors, including the number of defensive errors leading to a chance (per 90 minutes) alongside other indicators such as their age
relative to the peak playing age
for that position, the
relative status of their club and percentage of possible league minutes played.
You can say that Rugani and Barzagli were the most important center backs
for Juventus
based on their
relative performances.
Maybe a trusted friend, a
relative, or an older father you know has some good insights,
based on what worked
for him.
In an ideal world we would choose the educational system we want
for our children
based on its
relative merits and not by financial ability to pay.
For those who might wonder, the main difference between having a doula and having a
relative or friend with you while you labor is that while your loved ones can share their experiences
based on a handful (at most) births, most doulas have assisted at dozens or more births (many have assisted hundreds,) know hospital policies, often know the hospital staff, and are professionals.
To provide individual skill development information
for planning developmentally appropriate activities at home and school
based on a child's performance
relative to a standardized score.
However, this study only included kids at high - risk
for celiac (
based on genetic markers or a first - degree
relative with the disease), so it might not apply to the general population.
Venneman and colleagues5 recently demonstrated that infants who are formula fed are twice as likely to die of SIDS than breastfed infants
based on a case control study of 333 SIDS cases compared to 998 aged matched controls in Germany, from 1998 - 2001, consistent with previously published reports.35 While no studies show that co-sleeping in the form of bedsharing, specifically, is imperative
for breastfeeding enhancement, many studies have shown that in order to get more sleep and to ease caring
for their infants the decision to breastfeed often leads mothers to adopt routine bedsharing
for at least part of the night36 - 40 even where they never intended to do so.41, 42 Indeed, nearly 50 % of breastfeeding mothers in the United States and Great Britain adopt bedsharing
for some part of the night,38,43 - 45 and breastfeeding women are twice as likely to sleep with their babies in the first month
relative to mothers electing to bottle - feed.39
@Alexei Money or possessions given to a friend or
relative on an individual
basis, and not as payment or in return
for payment, would be classified as a Gift in US Taxes, and called a gift in US English.
If Scotland were to choose to go down the independence route, not only would there be more than enough oil income to make every single Scot better off by considerably more than # 500 a year, but also
for its new government to close down the submarine
bases in the Clyde without having to submit to any form of blackmail
on currency issues, to increase the gap in health and education funding
relative to the rest of the UK, to keep the ship yards open, and a great deal more besides.
The Audacity of Hope by Barack Obama — setting out the philosophy of the man who would go
on to become the first black president having come from
relative obscurity, and the
basis for a fundamental shift in the direction of the United States of America both at home and abroad.
The government has imposed spending limits
for each police area of England and Wales
based on their
relative size.
These figures would also offer grim tidings
for Fine Gael, a party that would be at a similar level of decline, as Labour,
relative to the 2011 General Election figures
based on this opinion poll.
The problem with predicted outcomes of AV
based on,
for example, successive YouGov polls looking at voters preferences is that they really only tell us about short term effects
on the
relative position of the big established parties.
My guess is that being a minority government would actually be a net positive
for Labour,
relative to a tiny majority, because if Labour need to seek the support of the smaller parties
on a case by case
basis they can't do anything spectacularly unpopular or asinine.
An orangutan matched researchers» predictions about which mixed beverage he would choose
based on his
relative fondness
for the separate ingredients.
And in 21 of the 24 trials, Naong matched the researchers» predictions: that his choice would be
based on his
relative fondness
for the separate ingredients.
As
for how many people the planet can sustain, the first such estimate came from microbiologist Anton van Leeuwenhoek who calculated roughly 13.4 billion people back in 1679,
based on the population density of his native Holland and its size
relative to the rest of the globe.
But until archaeologists have excavated domestic sites
on the Maltese islands, we will not know the
relative importance of other imported materials, such as flint and obsidian,
for a domestic economy that was essentially
based on local agriculture.
Previous laboratory findings as well as estimates of fitness
based on genetic clustering of strains in the population suggested a lower
relative fitness
for MDRTB compared to drug - susceptible tuberculosis, but few studies have directly measured the incidence of second cases of tuberculosis among contacts of both MDRTB and drug - susceptible tuberculosis.
I used was the surface temperature responses from histAll --(histGHG + histNatural) to obtain the response to aerosols + ozone + land - use and derive the enhancement of the response
for that case
relative to WMGHGs that I called E. Calculation of TCR
based on histAll in a model is approximately the same as calculating the sum of responses to histGHG, histNat, and histInhomogeneous where the latter includes the factor E.
Yet even in the absence of individual eccentricities, it is possible to study the distribution of eccentricities
based on the distribution of transit durations (
relative to the maximum transit duration
for a circular orbit).
REST calculates the
relative expression ratios
on the
basis of group means
for target genes versus reference genes, and tests the group ratio results
for significance, comparing normalized and not - normalized expression results.
Based on differences in imputed nsSNP allelic frequencies in different genetic backgrounds, likelihood measurements were calculated
for European
relative to African genetic backgrounds, with distinct patterns emerging as a function of genetic background.
The BMI is a measure of body fat
based on height and weight and is a value that gives a
relative risk
for health problems when it deviates from the normal range.
«There are two ways in which I could make suggestions
relative to the mineral and vitamin problem in the selection of food, the one
on the
basis of detailing a special menu
for each day, which is very unsatisfactory, and the other would be in the form of general principles which should control and guide you in selecting the foods which will meet the body's daily needs.
For a person running at a typical casual runner's pace of 2.5 meters per second (9 km / hr, or 5.6 mph) it can be shown, based on data collected by LG Pugh for the study titled «The influence of wind resistance in running and walking and the mechanical efficiency of work against horizontal or vertical forces,» that the energy cost of air resistance while running on solid ground is roughly 0.84 calories per kilometer (this is equivalent to approximately an extra 1.2 % calorie burn relative to a runner on a treadmil
For a person running at a typical casual runner's pace of 2.5 meters per second (9 km / hr, or 5.6 mph) it can be shown,
based on data collected by LG Pugh
for the study titled «The influence of wind resistance in running and walking and the mechanical efficiency of work against horizontal or vertical forces,» that the energy cost of air resistance while running on solid ground is roughly 0.84 calories per kilometer (this is equivalent to approximately an extra 1.2 % calorie burn relative to a runner on a treadmil
for the study titled «The influence of wind resistance in running and walking and the mechanical efficiency of work against horizontal or vertical forces,» that the energy cost of air resistance while running
on solid ground is roughly 0.84 calories per kilometer (this is equivalent to approximately an extra 1.2 % calorie burn
relative to a runner
on a treadmill).
In fact, it appears that
for the most part of our evolution we subsided
on very little
relative carbohydrate content in general, apart from those found naturally in vegetables and other plant sources besides wheat, and therefore it makes sense
for us to try and eliminate the «poor quality», processed wheat -
based ones from our diet.
Based on an analysis of bowel symptoms recorded using the Gastrointestinal Symptom Rating Scale, researchers reported that despite the use of a gluten free diet — universally indicated
for coeliac disease (CD)-- a proportion of their cohort still presented with «persistent symptoms» and it is within this cohort they were aiming to see whether: «abnormal intestinal microbiota may be associated with persisting gastrointestinal symptoms in treated celiac disease patients... [found] higher
relative abundance of Proteobacteria and a lower abundance of Bacteroidetes and Firmicutes.»