4Q18 Flashcards
What are the 8 keys to pursuation?
1) Beliefs - Start with understanding current and prior beliefs, and set a plan.
2) Emotion - Get people bought in emotionally
3) Incentives - Focus on rewards, not warnings
4) Agency - Give options, not orders
5) Curiousity - Fill the gap in understanding, focus on positive
6) Stat of mind - if feeling down focus on conservative, if good, focus on riskier option
7) Other People - Show popularity of position
What are the reasons cited for oil increase and decrease in 2019?
Increase - Iran sanctions, Venezuela supply concerns
Decrease - Slowing global economy, especially emerging markets where much of recent oil consumption growth has come in recent years, and emerging market currency devaluation (high cost of purchasing oil).
What are the 5 key metrics to measure for customer retention?
Curn Rate Repeat Customer Rate Purchase Frequency Average Order Value Customer Lifetime Value
What is the impact of religiousity on depression in adolescence?
There is an 11% reduction in rates of depression among religious adolescents. Depression is also highly related to peer groups.
When can a Fed Governor be removed from office?
For cause only, malfeasance or neglect.
When have historical presidents been unhappy with the fed?
Nixon pressured fed to keep rates low before re-election, leading to inflation accelleration.
Johnson brought fed chair to ranch, berating for increases.
Reagan never openly critisized Volker for massive raises in early 80’s.
HW Bush and Clinton both dissaproved of what they viewed as tight monetary policy, but didn’t communicate directly.
What was the percentage of Americans receiving pension income in 1980, and in 2005?
1980 = 26%, 2005 = 35%
Two thesis for the evolution of intelligence in humans
1) ECological Intelligence Hypothesis - intelligence involves as animals adapt to find food. more intelligence needed to determine fruit eatability vs. leaves.
2) Social Intelligence Hypothesis - smarter animals cooperate and learn from other members of the same species
Smart animals have big brain to body ratios, live for a long time, and have detailed social connections.
Why are octopi different than other intelligent animals?
Although they have a big brain to body ratio, they die young and do not have intricate social relationships.
What is an index fund, who are the top three index funds, and what percent market share do the top three have?
Index fund is a type of mutual fund with a portfolio constructed to match a stock index like the S&P 500.
The top 3 index funds own 81% of the market, Vanguard (51%), BlackRock (21%) and State Street Global (9%)
There is concern that these index funds will one day own a majority of most corporations in the U.S. and as a result control voting interest.
How has entrepreneurship increased wealth inequality?
There are fewer entrepreneurs per capita (steady decline since 70’s).
Cost of starting a business has increased.
Entrepreneurs that do exist have access to additional lending and leverage, increasing their returns.
Top 10 countries by population
China 1.4B India 1.3B US 330M Indonesia 266M Brazil 210M Pakistan 200M Nigeria 195M Bangladesh 166M Russia 140M Mexico 130M
Population of UK, France, and Germany
UK 66M
France 67M
Germany 82M
Who designed the Eiffel Tower? What other major structure did they design?
Alexandrew-Gustave Eiffel - Architect and engineer who led the company that designed it. Also completed the design of the Statue of Liberty.
Where is Alsace-Lorraine?
Between France and Germany. France won after 30 years war in 1648 wth Peace of Westphalia. Germany won after Franco-German war in 1970, France won back in WWI, Germany took over at beginning of WWII, France took back after WWII.
