Good Morning(272)

Hi Friends,

Good Morning...

Today's Word:
Defalcation(n):
    Syn:
        1: the act or an instance of embezzling
        2: a failure to meet a promise or an expectation
    E.g: 'She made off with the money, an act of defalcation that disqualifies her from receiving a bankruptcy discharge,' the judge ruled.

Term of the Day - Blend fund :
   A mutual fund whose assets are composed of a combination of stocks, bonds, and money market securities, rather than just one or two of these asset classes. This enables investors to diversify their holdings with a single fund. Since blend funds vary considerably in composition is difficult to make generalizations about their performance or risk level, but usually they are somewhat less risky than stock mutual funds and somewhat more risky than bond funds or money market mutual funds. also called hybrid funds.

Joke:
Teacher: How old is your father?
Boy: As old as me.
Teacher: How can that be?
Boy: He became a father only when I was born.
Teacher: ?!?!
Today's investing mantra
"If you are a know-something investor, able to understand business economics and to find five to ten sensibly priced companies that possess important long-term competitive advantage, conventional diversification makes no sense for you." - Warren Buffett

Today's Quote:
"If anything is worth trying at all, It's worth trying at least 10 times." - Art Linkletter

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