Good Afternoon(273)

Hi Friends,

Good Afternoon...

Today's Word:
Luscious(A):
    Syn:
        1: having a delicious sweet taste or smell  
        2: sexually attractive
        3 a: richly luxurious or appealing to the senses  b: excessively ornate
    E.g: The luscious aroma of freshly baked apple pies drifted from the open window of the farmhouse kitchen.

Term of the Day - Weighted Average Maturity :
   The average maturity of all mortgages held in a mortgage-backed security. It is calculated by taking the value of each mortgage, dividing it by the total value of all mortgages (which finds the weight), and then multiplying that value by the number of years left on the mortgage.
    For example, a mortgage-backed security comprised of a Rs.5000 note due in 2 years and a Rs.2000 note due in 3 years has a weighted average maturity of (Rs.5000/Rs.7000)*2 + (Rs.2000/Rs.7000)*3, or 2.28. A high WAM means that the mortgages comprising the security will not mature for a long time.

Joke:
Father: How do you like going to school?
Son: The going bit is fine, as is the coming to home bit too.. But I'm not to keen on the time in between

Today's investing mantra
"Some people seem to think there's no trouble just because it hasn't happened yet. If you jump out the window at the 42nd floor and you're still doing fine as you pass the 27th floor, that doesn't mean you don't have a serious problem. I would want to address the problem right now." - Charlie Munger

Today's Quote:
"See the clock only when you have no work... Don't see the clock when you are working.. Clock is Lock for Success."

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  Thanks & Regards,
Murali Sankar S
"A Good Plan of Today is better than Great Plan of tomorrow's."