Putting the 12 individual strategies together in a single portfolio6 delivers a package of carry, momentum, and value that provides the potential for strong absolute
returns at moderate levels of risk and leverage.
Not exact matches
Moderate interest rates were associated with a whole range of subsequent
returns over the following decade, and we know that those outcomes were 90 % correlated with the
level of valuations
at the beginning of those periods (on reliable measures such as market cap / GDP, price / revenue, Tobin's Q, the margin - adjusted Shiller P / E, and others we've presented over time - see Ockham's Razor and the Market Cycle).
Thus, children should only engage in
moderate levels of activity after a concussion in order not to slow down recovery, resuming normal activities such as driving and daily chores only after symptoms begin to clear or decrease in severity and engaging in exercise or training only after symptoms have completely cleared, with a
return to physical and mental rest if symptoms recur either
at rest or with exertion; and
We achieved
moderate annual revenue increases in Jewish Networks and Other Affinity Networks, improved Contribution margins to 74 %, cut Operating Expenses by 19 %, drove annual Adjusted EBITDA to record
levels at a 28 % margin and
returned capital to stockholders by using cash flow to repurchase 21 % of the shares outstanding
at the start of 2008... we are disappointed with second half trends and in particular the fourth quarter, as revenue and subscribers decreased sequentially in each online segment.
When the motor is run steadily
at a
moderate power
level, most of what determines the boat's net rate of progress upstream (real
returns) is the velocity of the opposing water currents (inflation), not the output of the motor (nominal
returns).
But again, we'll move as the data moves, and we remain open to establishing
at least a
moderate exposure to market fluctuations
at any point that the expected
return / risk profile of the market peeks above negative
levels.
The evidence is piling up every day that the world is now getting cooler instead of warmer, the oceans are now cooling instead of warming, the ice is
returning to the Arctic rather than receding, the sea ice in the Antarctic is
at record
levels, and that rising sea
levels have
moderated.
To avoid burdening low and
moderate - income households, carbon tax proceeds should be
returned to Americans through periodic pro rata «dividends» or dedicated to reducing the tax burden of regressive taxes such as the federal payroll tax or state sales taxes (depending upon whether the tax is imposed
at the federal or state
level).