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Boston Partners
Boston Partners is an American investment management firm headquartered in Boston. The firm focuses on value investing in equities. Background Boston Partners traces its origins to The Boston Company, a firm founded in 1865 that provided custodial and trust services to mutual funds, pension funds and charity organizations. In 1981, it was acquired by Shearson under American Express for $50 million. In 1993, Shearson sold The Boston Company to Mellon Bank (Mellon) for $1.5 billion which was considered a hefty price and was not well received by Mellon shareholders. Boston Company Asset Management (BCAM), the asset management unit of The Boston Company was stated to have friction with Mellon for years. BCAM managers complained that Mellon was reducing their autonomy. At one point, Mellon had tried to dismiss two BCAM managers for securities lending losses. Desmond Heathwood, the chairman and CEO of BCAM attempted to lead a management buyout from Mellon for $150&n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
One Financial Center
One Financial Center is a modern skyscraper adjacent to Dewey Square in the Financial District of Boston, Massachusetts. Built in 1983 by Rose Associates, it is Boston's 11th-tallest building, standing tall, and housing 46 floors. An unusual tall glass-roofed lobby, known as the atrium, occupies the first two stories. The remaining stories are offices, home to a number of law firms, Certified Public Accountants, and financial services companies. The building is located on a historic triangular piece of land next to South Station and the Federal Reserve Bank Building, joining the Fort Point Channel area with Boston's Financial District. During the Big Dig (a project to create a new underground highway under the center of Boston), extra care was needed to avoid subsidence of the soil under the building, as construction was underway just from the building's foundation. The building was constructed on soil rather than bedrock due to the geography of the site. The t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Short Position
In finance, being short in an asset means investing in such a way that the investor will profit if the market value of the asset falls. This is the opposite of the more common long position, where the investor will profit if the market value of the asset rises. An investor that sells an asset short is, as to that asset, a short seller. There are a number of ways of achieving a short position. The most basic is physical selling short or short-selling, by which the short seller borrows an asset (often a security such as a share of stock or a bond) and sells it. The short seller must later buy the same amount of the asset to return it to the lender. If the market price of the asset has fallen in the meantime, the short seller will have made a profit equal to the difference in price. Conversely, if the price has risen then the short seller will bear a loss. The short seller usually must pay a borrowing fee to borrow the asset (charged at a particular rate over time, similar to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emergency Room
An emergency department (ED), also known as an accident and emergency department (A&E), emergency room (ER), emergency ward (EW) or casualty department, is a medical treatment facility specializing in emergency medicine, the acute care of patients who present without prior appointment; either by their own means or by that of an ambulance. The emergency department is usually found in a hospital or other primary care center. Due to the unplanned nature of patient attendance, the department must provide initial treatment for a broad spectrum of illnesses and injuries, some of which may be life-threatening and require immediate attention. In some countries, emergency departments have become important entry points for those without other means of access to medical care. The emergency departments of most hospitals operate 24 hours a day, although staffing levels may be varied in an attempt to reflect patient volume. History Accident services were provided by workmen's compensatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Attack
Panic attacks are sudden periods of intense fear and Comfort, discomfort that may include palpitations, otherwise defined as a Tachycardia, rapid, Arrhythmia, irregular Heart rate, heartbeat, Hyperhidrosis, sweating, chest pain or discomfort, shortness of breath, Tremor, trembling, dizziness, Hypoesthesia, numbness, confusion, or a sense of impending doom or loss of control. Typically, these symptoms are the worst within ten minutes of onset and can last for roughly 30 minutes, though they can vary anywhere from seconds to hours. While they can be extremely distressing, panic attacks themselves are not physically dangerous. The ''Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition'' (DSM-5) defines them as "an abrupt surge of intense fear or intense discomfort that reaches a peak within minutes and during which time four or more of the following symptoms occur." These symptoms include, but are not limited to, the ones mentioned above. Panic attacks function as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Working Memory
Working memory is a cognitive system with a limited capacity that can Memory, hold information temporarily. It is important for reasoning and the guidance of decision-making and behavior. Working memory is often used synonymously with short-term memory, but some theorists consider the two forms of memory distinct, assuming that working memory allows for the manipulation of stored information, whereas short-term memory only refers to the short-term storage of information. Working memory is a theoretical concept central to cognitive psychology, neuropsychology, and neuroscience. History The term "working memory" was coined by George Armitage Miller, Miller, Eugene Galanter, Galanter, and Karl H. Pribram, Pribram, and was used in the 1960s in the context of Computational theory of mind, theories that likened the mind to a computer. In 1968, Atkinson–Shiffrin memory model, Atkinson and Shiffrin used the term to describe their "short-term store". The term short-term store was the na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Functioning
In cognitive science and neuropsychology, executive functions (collectively referred to as executive function and cognitive control) are a set of cognitive processes that support goal-directed behavior, by regulating thoughts and actions through cognitive control, selecting and successfully monitoring actions that facilitate the attainment of chosen objectives. Executive functions include basic cognitive processes such as attentional control, cognitive inhibition, inhibitory control, working memory, and cognitive flexibility. Higher-order executive functions require the simultaneous use of multiple basic executive functions and include planning and fluid intelligence (e.g., reasoning and problem-solving). Executive functions gradually develop and change across the lifespan of an individual and can be improved at any time over the course of a person's life. Similarly, these cognitive processes can be adversely affected by a variety of events which affect an individual. Both ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts General Hospital
Massachusetts General Hospital (Mass General or MGH) is a teaching hospital located in the West End neighborhood of Boston, Massachusetts. It is the original and largest clinical education and research facility of Harvard Medical School/Harvard University, and houses the world's largest hospital-based research program with an annual research budget of more than $1.2 billion in 2021. It is the third-oldest general hospital in the United States with a patient capacity of 999 beds. Along with Brigham and Women's Hospital, Mass General is a founding member of Mass General Brigham, formerly known as Partners HealthCare, the largest healthcare provider in Massachusetts. History Founded in 1811, the original hospital was designed by the famous American architect Charles Bulfinch. It is the third-oldest general hospital in the United States; only Pennsylvania Hospital (1751) and NewYork-Presbyterian Hospital's predecessor New York Hospital (1771) are older. John Warren, Profess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post-traumatic Stress Disorder
Post-traumatic stress disorder (PTSD) is a mental disorder that develops from experiencing a Psychological trauma, traumatic event, such as sexual assault, domestic violence, child abuse, warfare and its associated traumas, natural disaster, traffic collision, or other threats on a person's life or well-being. Symptoms may include disturbing thoughts, feelings, or dreams related to the events, mental or physical distress (medicine), distress to Psychological trauma, trauma-related cues, attempts to avoid trauma-related cues, alterations in the way a person thinks and feels, and an increase in the fight-or-flight response. These symptoms last for more than a month after the event and can include triggers such as misophonia. Young children are less likely to show distress, but instead may express their memories through play (activity), play. Most people who experience traumatic events do not develop PTSD. People who experience interpersonal violence such as rape, other sexual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston Marathon Bombing
The Boston Marathon bombing, sometimes referred to as simply the Boston bombing, was an Islamist domestic terrorist attack that took place during the 117th annual Boston Marathon on April 15, 2013. Brothers Tamerlan and Dzhokhar Tsarnaev planted two homemade pressure cooker bombs that detonated near the finish line of the race 14 seconds and apart. Three people were killed and hundreds injured, including a dozen who lost limbs. On April 18, 2013, the Federal Bureau of Investigation (FBI) released images of two suspects in the bombing. The two suspects were later identified as the Tsarnaev brothers. Later on the evening of April 18, the Tsarnaev brothers killed an MIT policeman, Sean Collier, and proceeded to commit a carjacking. They engaged in a shootout with police in nearby Watertown, during which two officers were severely injured (one of the injured officers, Dennis Simmonds, died a year later). Tamerlan was shot several times, and his brother Dzhokhar ran him o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portfolio Manager
A portfolio manager (PM) is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. Clients invest their money into the PM's investment policy for future growth, such as a retirement fund, endowment fund, or education fund. PMs work with a team of analysts and researchers and are responsible for establishing an investment strategy, selecting appropriate investments, and allocating each investment properly towards an investment fund or asset management vehicle. Model In the 1950s, Harry Markowitz, an American economist, developed the modern portfolio theory. Jack Treynor (1961, 1962), William F. Sharpe (1964), John Lintner (1965) and Jan Mossin (1966) later build the Capital Asset Pricing Model (CAPM) on the theory of Markowitz. Nowadays, the CAPM is one of the primary portfolio management tools. The formula calculates the potential return percentage of an investment vehicle based on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
P/B Ratio
The price-to-book ratio, or P/B ratio, (also PBR) is a financial ratio used to compare a company's current market value to its book value (where ''book value'' is the value of all assets minus liabilities owned by a company). The calculation can be performed in two ways, but the result should be the same. In the first way, the company's market capitalization can be divided by the company's total book value from its balance sheet. The second way, using per-share values, is to divide the company's current share price by the book value per share (i.e. its book value divided by the number of outstanding shares). It is also known as the market-to-book ratio and the price-to-equity ratio (which should not be confused with the price-to-earnings ratio), and its inverse is called the book-to-market ratio. As with most ratios, it varies a fair amount by industry. Industries that require more infrastructure capital (for each dollar of profit) will usually trade at P/B ratios much lower than, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
