Lessons Learned from A Very Old Man With Enormous Wings...

Lessons Learned from A Very Old Man With Enormous Wings A Very Old Man With Enormous Wings is a short fiction story written by Gabriel Garcia Marquez in 1955. Magical realism plays a major part in this story by the use of fantasy of an old man being portrayed as an angel who has come to create miracles to a family along with many other believers. Some will believe, others will just shoo this so called angel away in a painful and heart-breaking way. I enjoyed this story very much. I was able to get very interested. Marquez starts it out with On the third day of rain. That line right there is magical because angels are of God, and on the third day Gods son rose from the grave. It was the third day that Pelayo came upon†¦show more content†¦Just like in this story, many people were throwing leftover foods to him, coming to him just for a miracle, then having nothing more to do with him. They had only used him and did not see him for who he really was. What would seem to be humiliating to me and was to the angel, I assume, was that a priest, Father Gonzaga, sent away to Rome for a judgment on what they should do. A human with wings was foreign to these people. Some did not believe because an angel is appeared to be beautiful. This old man was just your average Joe with wings to many people. However, some had paid money to see this supernatural creature. What was magical at this point was when Marquez talks about the woman who disobeyed her parents and was changed into a spider. How magical can this be? A woman, who is a spider the size of a ram! The angel and this woman were the main attractions of the town. The realistic element here is obvious. For instance, in the town of Ironton, when someone goes to use the bathroom everyone knows about it. Similarly, it did not take long for this town to hear the news. Anyway, the woman spider ended up getting more attention because her story was of the truth to the town and the angel was only of mocking fun. Anyhow, people had paid so much money that Pelayo and his family became rich. They built a mansion. Their child played with the angel. The angel a nd their son both came down with the chicken pox at the same time. An angelShow MoreRelatedA Very Old Man With Enormous Wings Essay1500 Words   |  6 PagesKnown Verses the Unknown The unknown is a very vague concept when it comes to literature. Depending on the text and who is reading it, it can be understood in different ways. In Marquez’s â€Å"A Very Old Man with Enormous Wings† the village determines the unknown based off what they already about angels. In â€Å"The Elephant in the Village of the Blind† the blind villagers try to figure out the elephant by using their senses other than eye sight, to agree on the unknown animal. 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Dr. Kant s Argument - 1060 Words

Savulescu’s argument also has some flaws in regards to his responses to a few possible objections he talked about. One objection that Savulescu responds to is the objection that genes are pleiotropic meaning they have different effects on different parts of the body (The Ethical Life, 454). The example given was that a gene that prompts depression might also be responsible for heightened creativity and productivity (The Ethical Life, 454). Savulescu s response to that was that we would have to â€Å"limit interventions until our knowledge grows† and we would have to do moreâ€Å"adequate research† before expanding the types of interventions (The Ethical Life, 454). The problem with that is that it requires experimenting and testing on children and embryos which would be treating them as a means to an end rather than an end in itself. Kant would agree and say that these children â€Å"exist as an end in itself, not merely as a means to be used by this or that wil l at its discretion† (Kant, 96). Savulescu is suggesting research on children and embryos in order to reach the goal of allowing genetic enhancement. He is using them as a means to his end result. This is a major flaw as Kant would argue that treating people as an end is showing them the respect they deserve while treating them as a means is just dealing with them so that they can help to achieve the person’s goal (Shafer-Landau, 174). Therefore, a child should never be treated as a means to an end to help reach a goal for eitherShow MoreRelatedThe Sunday Night Blues : A Case About 59 Essay1700 Words   |  7 PagesA highly credible philosophical professor named Dr. Gordon Marino, made an entire article arguing why it would be inadequate and unethical for someone to quit a job that is necessary in order to provide for something bigger than oneself, that working or indulging in comfortable positions makes people miss out on the traditional connection of talent and duty. 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CAPM’s Contribution to the Stock Market Free Essays

The Capital Asset Pricing Model (CAPM) is a mathematical, analytical formula to help investors make the wisest decisions on the stock market. Before purchasing a common stock, an investor may use the CAPM (a mathematical formula) to estimate its expected returns. The Model may be used for all kinds of assets. We will write a custom essay sample on CAPM’s Contribution to the Stock Market or any similar topic only for you Order Now In brief, the CAPM helps to explain â€Å"the relationship between the risk of a particular asset or stock, its market price, and the expected return to the investor (â€Å"Capital Asset Pricing Model or CAPM,† 2007). By using CAPM as a tool to project expected returns from stocks, investors automatically affect the demand and prices of stocks sold on the market. The CAPM starts out with the assumption that there are two kinds of risks that must be assessed before an investment decision is made. Systematic risk includes risks facing the market as a whole and that cannot be dampened through portfolio diversification. Examples of systematic risks include rates of interest and economic slumps (McClure, 2008). While systematic risks must affect all stocks at the same time, unsystematic risks or specific risks are risks that are â€Å"specific to individual stocks and can be diversified away as the investor increases the number of stocks in his or her portfolio (McClure). † Of course, good investors are well-versed in investment theories such as the modern portfolio theory, which clearly states that diversification cannot resolve the issue of systematic risks, although specific risks may be easily handled by diversifying an investment portfolio. CAPM was developed as a way to address the issues raised by the modern portfolio theory. This Model is a tool to measure systematic risks as well (McClure). The Risk Glossary explains the importance of estimating systematic risk before the formula for measuring such risk is described: According to CAPM, the marketplace compensates investors for taking systematic risk but not for taking specific risk. This is because specific risk can be diversified away. When an nvestor holds the market portfolio, each individual asset in that portfolio entails specific risk, but through diversification, the investor’s net exposure is just the systematic risk of the market portfolio. Systematic risk can be measured using beta. According to CAPM, the expected return of a stock equals the risk-free rate plus the portfolio’s beta multiplied by the expected excess return of the market portfolio. Specifically, let and be random variables for the simple returns of the stock and the market ove r some specified period. Let be the known risk-free rate, also expressed as a simple return, and let be the stock’s beta. Then where E denotes an expectation (â€Å"Capital Asset Pricing Model,† 1996). The formula of CAPM is considered its conclusion (â€Å"Capital Asset Pricing Model†). To put it simply, the formula states that â€Å"excess expected return† of a stock is dependent on the beta of the stock rather than the stock’s volatility (â€Å"Capital Asset Pricing Model†). The same can be stated for an investment portfolio. Another way to explain the formula is that â€Å"the stock’s excess expected return over the risk-free rate equals its beta times the market’s expected excess return over the risk free rate (â€Å"Capital Asset Pricing Model†). † Or, excess expected return from a stock is dependent on systematic risk rather than the total of risks (â€Å"Capital Asset Pricing Model†). As suggested previously, by knowing the beta and expected returns for a certain stock or asset, investors are able to bid up or down its price. Expected returns are adjusted so long as the formula has not been satisfied. Thus, the Capital Asset Pricing Model ends up predicting the equilibrium price of a stock or asset. One of the assumptions of the model is that all investors agree on the expected return of certain stock or asset as well as the beta. Although this assumption is unrealistic, the CAPM is believed to affect the stock market by urging investors to raise the demand for particular assets or stocks as compared to others, based on the information they obtain through the use of the Model (â€Å"Capital Asset Pricing Model†). Apart from the unrealistic assumption of CAPM mentioned above, there are other problems with the Model that experts have identified by way of research. As an example, Eugene Fama and Kenneth French, upon considering expected returns on the American Stock Exchange, Nasdaq and the New York Stock Exchange for a period of 27 years, found that the differences of beta do not consistently describe the performance of stocks (McClure). McClure reports that the study conducted by Fama and French is not the only one that raised doubts about the validity of the Capital Asset Pricing Model. A major problem with the Model is the fact that beta cannot be used as a sure predictor of the reaction of stocks to various changes. All the same, the CAPM continues to be used by countless investors around the globe (McClure). In other words, beta continues to affect investment decisions that run the stock market day after day. References Capital Asset Pricing Model. (1996). Risk Glossary. Retrieved Nov 4, 2008, from http://www.riskglossary.com/link/capital_asset_pricing_model.htm. Capital Asset Pricing Model or CAPM. (2007). Money Zine. Retrieved Nov 4, 2008, from http://www.money-zine.com/Investing/Stocks/Capital-Asset-Pricing-Model-or-CAPM/. McClure, B. (2008). The Capital Asset Pricing Model: An Overview. Investopedia. Retrieved Nov 4, 2008, from http://www.investopedia.com/articles/06/CAPM.asp. 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Article Review free essay sample

Just as technology provides the opportunity to grow a business in ways just a few years ago would not cross our minds, it has also transformed the methods of how transactions are being done, and most transactions are now done via the internet. This has substantially lowered the number of smaller businesses that do not have the ability of conducting business over the internet as well as the sales in those that currently exist; this is due to the fact that most people, even with the risk s involved, would rather pay with a credit/debit card (internet transaction) vs. ood old’ cash. There are many ways the law has provided in order to protect businesses and consumers from their property. Two of those are patents and trademarks. A patent is how the government provides exclusivity to the inventor of a product, the exclusivity to use or sell the invention for a certain number of years. In 2001, Apple Company released the pod, a music device to download and play music from tunes that was launched in 2003.Apple Corps claimed this to be a violation of the 91 agreement and crossed the line into the sound recording industry. The High Court ruled that no breach occurred and the Apple Company could continue to conduct regular business (BBC News, 2006. ) Legal issues will arise as part of operating a business and have can have different effects on the company. Financial, contractual, copyright, and operating are types of legal issues that could spark a legal issue for a company. In 1 968 the Battles formed Apple Corps to oversee all of their business interests.When the company was formed, it had the opportunity to patent or trademark the apple name and logo. This would have prevented the Apple Company the ability to use both and create any confusion between the two companies. Apple Corps could enforce its rights to the name and logo in court against Apple Company. This act could have help to avoid some of the legal Issues between these two companies. The law in this case Is outdated by technological advances and opens up the agreement In 1981 to gray areas that are not Identified and spelled out In the Orlando contract.