Saturday, August 7, 2010
Friday, August 6, 2010
Thursday, August 5, 2010
Influence: The Psychology of Persuasion: Amazon.co.uk: Robert Cialdini: Books
Influence: The Psychology of Persuasion: Amazon.co.uk: Robert Cialdini: Books
"Influence", the classic book on persuasion, explains the psychology of why people say "yes" - and how to apply these understandings. Dr. Robert Cialdini is the seminal expert in the rapidly expanding field of influence and persuasion. His thirty-five years of rigorous, evidence-based research along with a three-year program of study on what moves people to change behavior has resulted in this highly acclaimed book. You'll learn the six universal principles, how to use them to become a skilled persuader - and how to defend yourself against them. Perfect for people in all walks of life, the principles of "Influence" will move you toward profound personal change and act as a driving force for your success.
"Influence", the classic book on persuasion, explains the psychology of why people say "yes" - and how to apply these understandings. Dr. Robert Cialdini is the seminal expert in the rapidly expanding field of influence and persuasion. His thirty-five years of rigorous, evidence-based research along with a three-year program of study on what moves people to change behavior has resulted in this highly acclaimed book. You'll learn the six universal principles, how to use them to become a skilled persuader - and how to defend yourself against them. Perfect for people in all walks of life, the principles of "Influence" will move you toward profound personal change and act as a driving force for your success.
Wednesday, August 4, 2010
BATS - ROE
I thought it would be interesting to break down the last 10 years of BATS (British American Tobacco). Presented below is a list of years, together with the median ROE of its last 3 years:
As you can see, BATS has enjoyed high returns on equity, which seem to be getting even better. As you might expect, its share price has done rather well over the period. Over 10 years to 1 Aug 2010, the Footsie returned -17% (dividends excluded), whilst the share price over the same period rose 448% (dividends also excluded). The PER started out at 9, and has since risen to 13. So some of the increase is due to the PER re-rating. Nevertheless, the share price has done well on account of the rising earnings of the company, assisted by the high ROE.
YEAR ROE% 2003 29.2 2004 32.2 2005 32.2 2006 31.3 2007 31.3 2008 31.3 2009 32.2 2010 37.2
As you can see, BATS has enjoyed high returns on equity, which seem to be getting even better. As you might expect, its share price has done rather well over the period. Over 10 years to 1 Aug 2010, the Footsie returned -17% (dividends excluded), whilst the share price over the same period rose 448% (dividends also excluded). The PER started out at 9, and has since risen to 13. So some of the increase is due to the PER re-rating. Nevertheless, the share price has done well on account of the rising earnings of the company, assisted by the high ROE.
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