Proverbs Paper Essay Example | Topics and Well Written Essays - 750 words

Proverbs Paper - Essay Example Since money is a measure of wealth according to Barnes (2007) and Whybray (1990), one needs to work hard to get wealthy. Otherwise, according to Proverbs 18:13 (New International Version), the lazy people who love sleep grow poor. Those that shun from sleep and work hard get more to even save. With the growth in one’s wealth so does such a person’s power also increase. This explains why â€Å"the rich rule over the poor† and the borrower becomes the lender’s slave (Proverbs 22:7). Nonetheless, with this money comes responsibility. First, the need for wisdom, to make appropriate investment decisions, has been informed by Proverbs 18:21 which note that the inheritance claimed sooner than it should does not attract blessings. In the same way, withdrawing from investments before maturity denies the investor desirable returns. Secondly, with money comes the need to share with the society because even if firms avoid corporate social responsibility, Proverbs 28:8 insinuates that the shareholders for whom profits are sought would give back to the society. How to Conduct Oneself in Business and Trade Business and trade conduct requires an exhibition of competence coupled with respect for authorities, integrity and honesty for the prosperity of business plans. Proverbs 19:8; 21:5 and 22:29 allude to the fact that prosperity in business requires businesspeople to be diligent and equipped with the necessary skills and knowledge. In fact, these verses acknowledge that such persons interact with the prosperous people in the society and not the low-ranking persons. According to Friedman and Birnbaum (2013), these successful business people should respect authorities just as Proverbs 22:4 requires one to humble before the Lord so as to get riches, honor and life. Respect would see the business prosper and achieve sustainable competitive advantage over its rivals. Even so, such riches should be acquired honestly as this assures of sustainability of t he resultant gains, and moreover, the Lord detests dishonesty (Proverbs 10:9; 10:26). It therefore means that one should earn the fruits of hard work. Business has no place for sluggards as they bring no gains. Proverbs 12:27 observes that such persons have nothing to roast while those that work hard have plenty to roast. The Offering and Acceptance of Bribes The reason why bribery is given in secrecy is because it is unethical with the perpetrators being foolish to know that they do not have to bribe to get their desired outcomes. In fact, Proverbs 17:23 indicates that bribery is for the wicked who seek to pervert justice. They are fools to think that the only way to succeed is by giving bribes. Seconded by Barnes (2007), Proverbs 17:16 appreciates the lack of understanding among such people who think that they could buy wisdom. In the business world, the practice could be common, but Proverbs 14:12 warns that even though this could appear to be right, it could lead to failure. Thi s failure does not discriminate as even well established businesses fall down because of bribery. Even those that think of themselves as being successful through such acts do not manage to sustain their success. View of Work Work should be considered as a source of prosperity in life and should therefore be done with commitment and unity. Those that work, and specifically work hard, realize positive gains. On the contrary, those that forfeit working end up in poverty (Proverbs 14:23). Lifestyle points out to one’

Financial Markets Essay Example | Topics and Well Written Essays - 1000 words

Financial Markets - Essay Example Under financial discussions & research, options fall under a particular style or family. Theoretically speaking, the style or the family of options refers to a class that signifies the category into which that particular option comes under. The options are generally verified & studied by analyzing the dates on which these options may be exercised. Such options come under the purview of the European & American Styles. There are many more types of options available. The similarity between all of them is that they come under the 'Vanilla Options' wherein, the options are evaluated on the basis of the payoff. There are also numerous Non-Vanilla options such as the Russian & the Asian options. The proposed research is aimed at studying the various arbitrage options that fall under the Asian option. Under the proposed research, there are a number of issues that are planned to be studied. The first & the foremost would be to perform an analysis & assessment of the various techniques that have been devised for assessing the Asian option. The study of these techniques is very important in order to assess each one for its effectiveness & compare & contrast between all of them for their numerous features & capabilities. ... The reason why this topic is being studied is that though there are numerous techniques available for determining the payback, none of them is able to provide a clear-cut & a fully observable solution. This is because the evaluation of the Partial Differential Equations (PDE) involves a certain degree of adjustments in terms of the areas being evaluated under the integrals that varies with each technique. Nevertheless, numerous options have been devised that tend to improve the degree of efficiency and accuracy with which these options can be worked out.Some of the techniques that are proposed to be covered under the proposed research are discussed below: Roger & Shi's one-dimensional Model: This model is suitable for both fixed & floating Asian options. This method uses the Strike & the average value of a stock over a time period for the evaluation of the PDE. But there are certain problems with this technique that need to be investigated. Jan vecer technique: this method falls under the traded account option wherein the gains & losses from trading are evaluated using a special Partial Differential Equation. The PDE for this model takes into account the rate of reinvestment as well as the trading strategy with the intent of maximizing the price of agreement. Under the Asian option, the payoff is calculated as a function of the stock & the strike value. Monte-Carlo Approach: this approach is adopted when the dimensional space is larger than usual wherein the share of price is evaluated by the Black & Scholes model while the price of an asset has been given Lapeyre & Temam. This model utilized the standard Brownian motion & additionally