Investing Flashcards

Chapter 1

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1
Q

Defenzívne investovanie je:

stratégiu, pri ktorej podstupujete čo najmenej rizika a vyberáte si stabilné investičné produkty, ktoré sa rokmi osvedčili. Zvyčajne ide o akcie etablovaných spoločností, ktoré vyplácajú každý rok pevnú dividendu a vykazujú malú volatilitu.

A

Defensive investing is:
a strategy where you take as little risk as possible and choose stable investment products that have proven themselves over the years. Typically, these include stocks of established companies that pay a fixed dividend each year and show little volatility.

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2
Q

prvý rozmarný cieľ

A

first whimsical goal

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3
Q

odrážal jeho talent

A

reflected his knack

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4
Q

vyhýbal sa akémukoľvek podtónu kázania

A

avoided any overtones of sermonizing

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5
Q

neuveriteľne jemný.

A

unfailingly gentle.

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6
Q

jeho dielo zatienilo

A

his work eclipsed

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7
Q

ich hodnota sa často zvyšuje

A

their value often enhanced

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8
Q

neoceniteľný prínos

A

unfailing rewards

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9
Q

nekonečná fascinácia

A

unending fascination

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10
Q

schopnosť prepracovať

A

an ability to recast

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11
Q

myslenie v akejkoľvek oblasti je potešením.

A

thinking in any field a delight.

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12
Q

veľkorysosť nápadov bez skóre,

A

no-scores-kept generosity of ideas,

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13
Q

riadi sa poverami, dohadmi a tajomnými rituálmi.

A

guided by superstition, guesswork, and arcane rituals.

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14
Q

zastaraný kruh

A

musty circle

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15
Q

Bol som uchvátený.

A

I was hooked.

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16
Q

podnikanie stroskotalo

A

business faltered

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17
Q

prehrabávať sa v nejasných správach

A

plowing through the obscure reports

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18
Q

otravoval svojich manažérov

A

pestered its managers

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19
Q

podkladová (fundamentálna) hodnota

A

an underlying value

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20
Q

The intelligent investor who is?

A

The intelligent investor is a realist who sells to optimists and buys from pessimists.

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21
Q

The future value of every investment

A

is a function of its present price. The higher the price you pay, the lower your return will be.

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22
Q

“margin of safety”

A

—never overpaying,

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23
Q

vaše šance na chybu

A

your odds of error

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24
Q

výkyvy nálad ľudí riadia váš finančný osud.

A

people’s mood swings govern your financial destiny.

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25
Q

s výnimkou poznámok pod čiarou

A

with the exception of footnotes

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26
Q

mení to ako sa pozeráme

A

it alters how we view

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27
Q

laici

A

lay-men,

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28
Q

platené hlavne

A

paid chiefly

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29
Q

na rozdiel od špekulantov,

A

as distinguished from speculators

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30
Q

Môžeme povedať hneď na začiatku

A

We may say at the outset

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31
Q

vychvaľoval požehnanie

A

extolled the blessings

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32
Q

oproti celkovým príspevkom

A

against total contributions

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33
Q

ako málo sa spoliehať

A

how little reliance

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34
Q

“priemerné náklady v dolároch.”

A

“dollar-cost averaging.”

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35
Q

trh išiel hore

A

the market has gone up

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36
Q

tento prístup je rovnako mylný

A

this approach is as fallacious

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37
Q

Bezprecedentný pokrok

A

An unprecedented advance

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38
Q

na vysokokvalitných dlhopisoch

A

on high-grade bonds

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39
Q

oveľa väčšie zmrštenie

A

a much larger shrinkage

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40
Q

šírenie opčných akcií

A

proliferation of stock-option warrants

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41
Q

silne etablované spoločnosti

A

strongly entrenched companies

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42
Q

so znepokojivými výsledkami

A

with disquieting results.

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43
Q

v bolestiach nového úpadku,

A

in the throes of a new decline,

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44
Q

rozptýliť ilúziu

A

to dispel an illusion

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45
Q

zavádzajúce názvy,

A

misleading names

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46
Q

Nakúpené podielové fondy

A

Mutual funds bought

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47
Q

zdĺhavé pády

A

protracted falls

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48
Q

vždy vedie ku katastrofe

A

invariably leads to disaster

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49
Q

reprezentatívne kmeňové akcie.

A

representative common stocks

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50
Q

na dlhopisoch najvyššej kvality

A

on highest-grade bonds

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51
Q

akcie vyniesli

A

the stocks yielded

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52
Q

vo všeobecnosti sme uprednostňovali

A

we have favored in general

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53
Q

Štátne dlhopisy so splatnosťou 10 rokov

A

Treasury bonds maturing in 10 years

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54
Q

dlhopisy neustále klesali

A

bonds has been falling steadily

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55
Q

jeho hlavný dôraz na vyhýbanie sa

A

his chief emphasis on the avoidance

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56
Q

Určujúca vlastnosť

A

The determining trait

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57
Q

hodnotná odmena

A

a worthwhile reward

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58
Q

extra odmenu

A

extra recompense

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59
Q

prevládajúci pohľad

A

the prevalent view

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60
Q

najmä.

A

in particular.

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61
Q

vyzerá to spätne

A

it looks in retrospect

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62
Q

hneď na začiatku

A

at the outset

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63
Q

vyvolalo toľko vzrušenia

A

generated as much excitement

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64
Q

Nástrahy

A

The pitfalls

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65
Q

katastrofálne čísla zisku.

A

disastrous profit figures.

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66
Q

napriek novému maximu

A

despite a new high

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67
Q

utrpeli stratu približne 200 miliónov dolárov

A

they sustained a loss of some $200 million

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68
Q

značné investície

A

substantial investments

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69
Q

zrejme vysoká cena

A

apparently high price

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70
Q

Preto účinok

A

Hence the effect of

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71
Q

nebol v žiadnom prípade rozhodujúci.

A

was by no means decisive.

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72
Q

Zjavné vyhliadky

A

Obvious prospects

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73
Q

nikdy by si nemal podľahnúť

A

you should never succumb

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74
Q

získať kmeňové akcie

A

to acquire common stocks

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75
Q

chtiac-nechtiac,

A

willy-nilly,

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76
Q

pokušenia akciového trhu.

A

temptations of the stock market.

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77
Q

nabádaním

A

by exhortation

78
Q

ktorí sa povahovo dobre hodili

A

who were temperamentally well suited

79
Q

burzová tradícia

A

stock-market lore

80
Q

Zvyk dávať do súvislosti to, čo sa platí

A

The habit of relating what is paid

81
Q

strašné straty

A

dreadful losses

82
Q

dosiahnuteľný výťažok

A

the yield obtainable

83
Q

čo je v kompetencii

A

which is within the purview

84
Q

zdanlivo zastaraný poradca

A

seemingly outmoded counsel

85
Q

závislý od vrtochov

A

dependent on the vagaries ( vejgeris)

86
Q

čistá hodnota aktív

A

net-asset value

87
Q

predpokladaný rast.

A

anticipated growth

88
Q

chvályhodný, úctyhodný výsledok

A

A creditable result

89
Q

dosiahnuteľný štandard

A

attainable standard

90
Q

Keďže ktokoľvek — podľa

A

Since anyone—by

91
Q

jednoduchá záležitosť

A

simple matter

92
Q

zásoby

A

inventories

93
Q

franšízy
oprávnenie udelené vládou alebo spoločnosťou jednotlivcovi alebo skupine, ktoré im umožňuje vykonávať špecifické komerčné činnosti, napr. poskytovanie vysielacej služby alebo pôsobenie ako zástupca pre produkty spoločnosti.

A

franchises
an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company’s products.

94
Q

Spojený s vyššie uvedeným

A

Allied to the foregoing

95
Q

jednoduché hádzanie mincou

A

the simple tossing of coin

96
Q

portfóliová politika bola zdôraznená

A

portfolio policy have been emphasized

97
Q

tieto požitky

A

these emoluments

98
Q

nikto nemal ani tušenie

A

no one had any inkling

99
Q

ale sužovaný všetkými druhmi

A

but beset (biset) by all sorts

100
Q

skôr bojazlivý ako sebavedomý

A

more apprehensive than confident

101
Q

obmedzujeme našu pozornosť

A

we confine our attention

102
Q

pohodlie, ktoré treba získať

A

comfort to be gleaned

103
Q

peripetie života

A

vicissitudes of life

104
Q

dať pod ne základy

A

put the foundations under them

105
Q

minimalizovať šance

A

minimize the odds

106
Q

nezvratné straty;

A

irreversible losses;

107
Q

uviesť tento výrok na pravú mieru,

A

put this statement in perspective,

108
Q

SAT skóre
naše celkové skóre je súčtom skóre vašej sekcie

A

SAT scores —- our total score is the sum of your section scores

109
Q

takmer prevrátený

A

nearly capsized

110
Q

Tým, že necháte burácať dav

A

By letting the roar of the crowd

111
Q

Oveľa hlbší pokles cien akcií

A

Far deeper drops in the share prices

112
Q

úplné zničenie

A

the utter destruction

113
Q

v podielovom fonde

A

in mutual fund

114
Q

priemysel by naďalej prerastal

A

industry would keep outgrowing

115
Q

Grahamove tvrdenie

A

Graham’s assertion

116
Q

strašné straty

A

dreadful losses

117
Q

nepredvídateľná hrozba

A

unpredictable menace (menes)

118
Q

verejne chválil akcie

A

praised stocks publicly

119
Q

spoločnosti odčerpali

A

companies siphoned off

120
Q

Neúprosný (nemilosrdný) pokles

A

A relentless decline

121
Q

životné prostredie

A

environment bristling

122
Q

Tým, že sa nechajú unášať — ďalej

A

By letting themselves get carried away—on

123
Q

ľudia sa nechali uniesť najmä

A

people got especially carried away

124
Q

by naďalej prerastala

A

would keep outgrowing

125
Q

desaťnásobný rast

A

tenfold growth

126
Q

zosmiešňoval kohokoľvek

A

he ridiculed anyone

127
Q

nemali by sme ani cent

A

we wouldn’t have a dime

128
Q

triezvymi slovami

A

sober words

129
Q

že dané odvetvie

A

that a given industry

130
Q

by sa scvrkla na zhruba

A

would have shrunk to roughly

131
Q

nikto nemá drzosť

A

no one has the gall

132
Q

toto je presne naopak

A

this is exactly backwards

133
Q

drahšie na nákup

A

more costly to buy

134
Q

ktorí nemusia byť schopní prežiť

A

who may not be able to outlast

135
Q

ale zbavuje jej dedičov

A

but deprives her heirs

136
Q

ktoré budú uvedené

A

that will be set forth

137
Q

výraz sa bude používať v protiklade

A

term will be used in contradistinction

138
Q

Už v roku 1934

A

As far back as 1934

139
Q

bezpečnosť istiny

A

safety of principal

140
Q

po dôkladnej analýze

A

upon thorough analysis

141
Q

uviedol na rovinu

A

stated flatly

142
Q

emocionálne presvedčenie

A

emotional conviction

143
Q

väčší rozmach

A

greater upswing

144
Q

„márnotratníci“

A

“spendthrift misers” (maisrs)

145
Q

taký zlomyseľný

A

so mischievous (misčivez)

146
Q

všeobecne považovaný

A

generally regarded

147
Q

byť znepokojujúci

A

to be disquieting

148
Q

pre nepriaznivé výsledky

A

for adverse results

149
Q

Jasné špekulácie

A

Outright speculation

150
Q

riziká v ňom obsiahnuté

A

the risks therein

151
Q

musia byť predpokladané (predvídané) niekým

A

must be assumed by someone.*

152
Q

Z nich popredné sú:

A

Of these the foremost are:

153
Q

podobne tomu

A

similar thereto

154
Q

Nikdy sa nemiešajte

A

Never mingle

155
Q

chceme rozvíjať hneď na začiatku

A

we wish to develop at the outset

156
Q

húževnato sme sa držali

A

we have clung tenaciously (tnejšsli)

157
Q

stojí za zmienku

A

it is worthwhile noting

158
Q

uviedol na rovinu

A

stated flatly

159
Q

proti obvineniu

A

against the charge

160
Q

„bezohľadní investori“,

A

“reckless investors,”

161
Q

na pozore

A

on the lookout

162
Q

Vo všeobecnejšom zmysle

A

In a more general sense

163
Q

Asi polovica uviedla ako dôvod

A

About half gave as their reason

164
Q

rozdiel medzi

A

distinction between

165
Q

dôvod na obavy.

A

cause for concern.

166
Q

nikto nemá drzosť

A

no one has the gall

167
Q

Asi polovica uviedla ako dôvod

A

About half gave as their reason

168
Q

nepriaznivé výsledky

A

adverse results

169
Q

uskutočnená anketa

A

a poll conducted

170
Q

riziká v ňom obsiahnuté

A

the risks therein

171
Q

Z nich popredné sú:

A

Of these the foremost are:

172
Q

zvyškové riziko

A

a residual risk

173
Q

maklérska spoločnosť

A

the brokerage firm.

174
Q

trh sa zvýšil a zisky sa valia.

A

market has gone up and profits are rolling in.

175
Q

hlavne v bezpecnosti

A

chiefly in safety

176
Q

v podkladovej hodnote

A

in underlying value

177
Q

Treba na to upozorniť

A

It should be pointed out

178
Q

kótované akcie

A

listed stocks

179
Q

by znamenalo

A

would imply

180
Q

sprievodné príklady

A

attendant examples

181
Q

zisk z toho

A

profit thereon

182
Q

Dow Jones Industrial Average (DJIA) je index akciového trhu, ktorý sleduje 30 veľkých verejne vlastnených blue-chip spoločností obchodujúcich na New York Stock Exchange (NYSE) a Nasdaq.

A

The Dow Jones Industrial Average
The Dow Jones Industrial Average (DJIA) is a stock market index that tracks 30 large, publicly owned blue-chip companies trading on the New York Stock Exchange (NYSE) and Nasdaq.

183
Q

Blue chip je spoločnosť, ktorá je celoštátne uznávaná pre svoju pozitívnu povesť a vysoko kvalitný produkt alebo službu. Blue chips sú úspešné podniky, ktorým možno dôverovať, že dobre fungujú a fungujú so ziskom aj za nepriaznivých trhových podmienok.

A

A blue chip is a company that is recognised nationally for its positive reputation and high-quality product or service. Blue chips are successful businesses that can be trusted to perform well and operate profitably even under adverse market conditions.

184
Q

neprehľadná oblasť

A

an abstruse area

185
Q

aby vám pomohol popasovať sa

A

to help you grapple

186
Q

Vychádza predpoveď?

A

forecast pan out?

187
Q

Na prvý pohľad sa zdá

A

At first blush, it seems

188
Q

je to hodnoverné

A

it’s plausible

189
Q

bez zvýšenej inflácie

A

without stepped-up inflation

190
Q

vyslovujeme ešte raz

A

we once again enunciate (enanciejt)

191
Q

z oboch

A

of either

192
Q
A