Abstract This paper discusses "The Contrarian's Guide to Leadership," which was written by Steven B. Sample in October 2001. It discusses Sample's definition and view of a contrarian leader and how they work successfully within an organization. The paper takes a supportive position on the applicability of "The Contrarian's Guide to Leadership" to today's organizations.
Table of Contents:
Objective
Introduction
Most Successful Leaders
Counterintuitive Lessons
Summary
Reasons for Support of Sample's Work
From the Paper "How many times has the leadership and employees of an organization refused to consider a new method because "that is not the way we do things around here"? This viewpoint however must be set aside because with the new technology and know-how in today's organization had the view as previously stated held firm many of the modern efficiencies realized by the organization in today's world would be unrealized and thereto would be the failure of organizations to move forward in becoming more productive, more environmentally friendly, more gender-equitable in employment practices. The refusal of the leadership in an organization to consider change and view the possibilities that are outside of the realm of tradition cannot bode well for the organization and its survival, sustainability and ultimately profitability. Sample's common-sense 'gut' instinct non-traditional view of leadership is one that fills in the blanks for many leaders in today's organizations who have been bound traditionally to unworkable models of leadership in the organization."
Abstract This extensive paper is a discussion of using contrarian and momentum strategies when predicting the stock market in Taiwan. The paper begins with an introduction to the problem in Chapter One that also contains the hypothesis for the paper, the definition of terms section, and other valuable information. This information provides a basis for the paper and gives rise to the belief that both of these strategies are very important for issues that involve the stock market, especially in developing countries.
A review of the literature follows in Chapter Two where information available about the issue is presented and discussed. At least 50 sources are analyzed in order to receive a complete picture of the issue. In addition to contrarian and momentum strategies, information regarding stock markets and Taiwan in general are also addressed. Chapter Three discusses the methodology for analyzing the literature and determining what decisions can be reached about the validity of the hypothesis.
Chapter Four presents the qualitative findings that have been determined based on the literature review and analysis of the data, and Chapter Five offers conclusions, recommendations, and a summary of information. The study concludes with a look toward the future of the stock market in Taiwan.
Executive Summary
Chapter 1 - Introduction
Statement of the Problem and Hypothesis
Purpose of the Study
Importance of the Study
Scope of the Study
Rationale for the Study
Overview of the Study
Chapter 2 - Review of the Literature
Chapter 3 - Methodology
Chapter 4 - Analysis of the Data
Chapter 5 - Summary, Recommendations, and Conclusion
Summary of the Study Information
Recommendations for the Future
Conclusion
From the Paper "Some may feel that this type of criminal activity does not occur, but there is a concern that these people may be misinformed about what goes on when the stock market has difficulty. Instead, the belief of many is that stock market problems create the potential for much criminal activity and unethical conduct because many people feel that this type of behavior is the only way that they stand a chance of making back any of the money that they have lost when the stock market performs badly. Various strategies can be used, therefore, to keep the stock market strong, predict where it is headed, and keep the criminal activity to a minimum."
Abstract Many studies on the efficient market hypothesis (EMH) and portfolio management suggest that the majority of professional investment managers cannot regularly beat a buy-and-hold strategy on a risk-adjusted basis. This paper attempts to examine the critiques on the efficient market hypothesis and the trend of the investors, financial analysts and portfolio managers to gather information to obtain excess-return. It begins with a brief description of the efficient market hypothesis and an outline of the characteristics associated with it, followed by a brief description of the new critiques against this hypothesis. It also discusses the relevant patterns that predict an excess return adjusted to the risk as well as new strategies applied by the investors.
Outline
Introduction
Efficient Market Hypothesis
Under-Reaction to New Information
Technical Trading Rules
Contrarian Strategy
Seasonality Anomaly
Predictable Patterns Based on Valuation Parameters
Book Value-Market Value Ratio
Initial Dividend Yields
Initial Price-Earnings Multiples
Predictable Patterns Based on Firm Characteristics
Insider Trading Abnormal Profit
Emerging Markets
Conclusion
From the Paper "New conditions to beat the efficient market hypothesis has supported the shift away from market performance theories, based purely on mathematical or logical bases, to psychology and economics that offer some predictable patterns. (Mills, Roger p.37)
In fact the investment analysis still play an important role in decision-making concerning the purchase and sale of ordinary shares.(Arnold and Moizer 1984 p.195) The survey conducted by Arnold and Moizer (1984) suggests that the analyst use a common general pattern to appraise the ordinary shares using fundamental analysis like primary analysis technique to indentify shares over/under-valued. The other techniques, like technical analysis and beta anlysis, have a different purpose. The former is to determine the timing of the purchase and the latter is to evaluate the performance of portfolio management.(Arnold and Moizer, p.205)"
From the Paper "The argument in David Dreman's "The New Contrarian
Investment Strategy" is that traditional methods of security
analysis are inaccurate. Dreman challenges the precepts of mainstream security analysts, perennially concerned with facts and charts that forecast upward moving stock prices. His recommendations are contrarian because they oppose the prevailing and embedded investment culture. In fact, the contrarian investor is one who can shun the lure of well-performing securities in favor of buying stocks with low price/earnings ratios. A contrarian avoids the stocks the experts or the crowd are pursuing, and tracks the ones that they are avoiding (p.138).
The book begins with a critique of technical analysts. They contend that stocks and the general market move in discernible patterns until a clear signal is received indicating..."
Abstract This paper discusses the various sources of justifications to act against greenhouse gases and carbon dioxide, as two leading causes of an irrefutable trend toward global warming. The paper discusses the views of the critics and skeptics against taking these steps and then looks at the views of those in favor of the proposed actions against global warming.
From the Paper "When the great majority of scientists independently come to similar or supporting conclusions, however, it is usually a good bet that they are correct. It would appear that the over-whelming evidence supports the idea that we are experiencing global warming, that human activity is contributing to this warming and that we can't afford not to act. I would agree with Stevens that there is a wide range of opinions on how much impact global warming is having and on how much humans are contributing. From the articles I have read it seems that there is very little scientific evidence AGAINST the global warming scenario. Skeptics seem to be focusing on discrediting the global warming supporters, rather than proving that there is no warming or that no human impact exists."
