03/26/2009

Posted by Rohit Unnithan

Laws of Computer Programming
1. Any given program, when running, is obsolete.
2. Any given program costs more and takes longer.
3. If a program is useful, it will have to be changed.
4. If a program is useless, it will have to be documented.
5. Any given program will expand to fill all available memory.
6. The value of a program is proportional to the weight of its output.
7. Program complexity grows until it exceeds the capability of the programmer who must maintain it.

Funny bone
Donald Rumsfeld is giving the president his daily briefing. He concludes by saying: “Yesterday, 3 Brazilian soldiers were killed.”
“OH NO!” the President exclaims. “That’s terrible!”
His staff sits stunned at this display of emotion, nervously watching as the President sits, head in hands.

Finally, the President looks up and asks, “How many is a brazillion?”

And now since I (hopefully!) have your attention….

Domain Tip of the day
For fellow JPMC’ians-

Types of banks

A Banks’ activities can be divided into –
Retail banking – dealing directly with individuals and small businesses
Business banking – providing services to mid-market business
Corporate banking – directed at large business entities
Private banking – providing wealth management services to high net worth individuals and families
Investment banking – relating to activities on the financial markets

Most banks are profit-making, private enterprises. However, some are owned by government, or are non-profit organizations.

Central banks are normally government-owned and charged with quasi-regulatory responsibilities, such as supervising commercial banks, or controlling the cash interest rate. They generally provide liquidity to the banking system and act as the lender of last resort in event of a crisis.

Types of retail banks
* Commercial bank: the term used for a normal bank to distinguish it from an investment bank. After the Great Depression, the U.S. Congress required that banks only
engage in banking activities, whereas investment banks were limited to capital market activities. Since the two no longer have to be under separate ownership, some use     the term “commercial bank” to refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses.

* Community Banks: locally operated financial institutions that empower employees to make local decisions to serve their customers and the partners.

* Community development banks: regulated banks that provide financial services and credit to under-served markets or populations.

* Postal savings banks: savings banks associated with national postal systems.

* Private banks: banks that manage the assets of high net worth individuals.

* Offshore banks: banks located in jurisdictions with low taxation and regulation. Many offshore banks are essentially private banks.

* Savings bank: in Europe, savings banks take their roots in the 19th or sometimes even 18th century. Their original objective was to provide easily accessible savings
products to all strata of the population. In some countries, savings banks were created on public initiative; in others, socially committed individuals created foundations to     put in place the necessary infrastructure. Nowadays, European savings banks have kept their focus on retail banking: payments, savings products, credits and insurances     for individuals or small and medium-sized enterprises. Apart from this retail focus, they also differ from commercial banks by their broadly decentralised distribution         network, providing local and regional outreach—and by their socially responsible approach to business and society.

* Building societies and Landesbanks: institutions that conduct retail banking.

* Ethical banks: banks that prioritize the transparency of all operations and make only what they consider to be socially-responsible investments.

* Islamic banks: Banks that transact according to Islamic principles.

Technical tip of the day
for fellow mainframers –

Does the ‘edit/view entry panel’ annoy you by ‘popping up’ whenever you try to edit/view a PS file? Have you wished you had a ‘pop-up blocker’ activated for the
edit/view entry panel?

When you try to open a PS file in edit/view mode, you get the Edit/View entry panel which allows you to specify Initial Macro, Profile Name, Format Name etc. It can be
annoying (if you generally don’t use the options available in the entry panel), because it presents another screen to be passed before you are taken to the edit or view session.

After entering the dataset name in option 3.4, in the DSLIST screen, select the ‘Options’ drop down and select ‘DSLIST Settings’.Deselect the ‘Display Edit/View entry
panel (*)’ option. Done.
Now, whenever you try to open a PS file in edit/view mode, you will be skipping the Edit/View entry panel and will be directly taken to the file contents.

You can revert back the setting by selecting the ‘Display Edit/View entry panel (*)’ option.

Quote
Good cooking takes times. If you are made to wait, it is to serve you better, and to please you.
– Menu of Restaurant Antoine, New Orleans

(Dont you ever blame me for slow programming!)

03/25/2009

Posted by Vikram Prabhudoss

Technical Tip of the Day

Tip 1: How to manage the compatibility issues of Office 2007 to earlier office versions?

By default all Microsoft Office 2007 applications use the different files extensions than the earlier versions. All earlier Office applications used the file extensions as .doc, .xls and .ppt for Word, Excel and PowerPoint respectively, but now Office 2007 applications uses the .docx, xlsx and .pptx file extensions for Word, Excel and PowerPoint respectively. These all new file extensions are not compatible with all previous versions of Office applications, that is why Office 2002 and Office 2003 applications cannot open and read the .docx, xlsx and .pptx file extensions.
We have an option in Office 2007 to save the files with in older files extensions, But if you are frequently using the older versions of the file and also if the files created by you are to be shared on other computers which have earlier versions of Office, you may want to save all your new documents in the older format, but that would create duplicate files.
There is better option in Office 2007 applications to change the default saving file format to the older format and then the new file format in Office 2007 will be changed to .doc, .xls and .ppt for Word, Excel and PowerPoint respectively.
The steps to be followed are
(1) Open an Microsoft Office 2007 application.
(2) Now click on File menu in the top left corner then click on Word Options button to change default word options.
(3) In the left side panel, click on Save option, and now “Customized how documents are saved” option will appear in right side panel.
(4) Here find the “Save File in this format” option and click on drop down box to select the different format. Now you will find many options here, select the Word 97-2003 Document (*doc) option.

Tip 2: How to change/set new short cuts keys in Word

(1)  First click on Start button, go to Program then click on Microsoft Word to run the word page.
(2)  Now go to Tools menu and click on Customize option
(3) Here a small dialog box will appear with title Customize, now click on “Keyboard…” button.
(4) Now again a small dialog box with title Customize Keyboard, the list of all the categories of commands with appear on the left side of the dialog box.
(5) You should click on the category that contains the command which you want to assign a shortcut keyboard.
(6) Choose the command you want to assign a keyboard combination on the right side of the customize keyboard dialog box and then click the key you want to create shortcut.

Domain Tip of the Day

Some of the different types of sub prime loans are:

(1) Interest Only Mortgages: These loans require the borrower to pay only the interest portion of the loan for the first few years thus keeping the payment relatively low for the first few years before the interest only component expires and the borrower must pay the principle and interest component of the mortgage payment (of course a much higher amount)

(2) Adjustable Rate Mortgages: Unlike traditional mortgages have a fixed interest rate so your payment is the same each month, with an adjustable rate mortgage if interest rates rise (as they have been recently) your monthly mortgage payment goes up as well.

(3) Low Initial Fixed Rate Mortgages: Mortgages that initially have very low fixed rates and then quickly convert to adjustable rate mortgages.

Interesting Fact
(1) Their dimensions are governed by the ISO 7810 standard, an international standard for identification cards. Banking cards, as well as driver’s licenses and retail cards, follow ID-1 (passports follow ID-3). If your card has a smart chip, it follows ISO 7816, and if it has RFID, it follows ISO 14443.

(2) Credit card numbers conform to the Luhn algorithm, which is just a simple checksum test on the number. What you do is start from the right and double each second digit (1111 becomes 2121), then add them all together, and you should end with a number evenly divisible by ten. If it doesn’t, it’s not a valid credit card number.

Quote for the day

“Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part-ownership of a business.”

“The first duty of a leader is to make himself be loved without courting love. To be loved without ‘playing up’ to anyone – even to himself.”

Joke for the day

Whats the height of optimism?
An investment banker ironing 5 shirts on a Sunday evening 🙂

03/24/2009

Posted by Sundar Ganesan

Technical Tips for the Day :

SDSF Tips

If you have some 50 jobs listed in ‘Status of Jobs’ in SDSF and you want to list only the jobs that are ABENDED, then use the command FILTER on the command line as given in the example below.

FIL MAX AB* – shows jobs that has ABENDS

Other Examples are:
FIL MAX ‘JCL ERROR’ – shows jobs that has JCL errors
FIL MAX NE ‘RC 0000’ – shows jobs with “exceptional conditions”
FIL MAX EQ ‘RC 0000’ – shows successfully completed jobs

If you want to switch off the filter, then issue FIL OFF

If you want to rearrange the columns in SDSF

1.Go TO SDSF.
2.In command line type “arr ?”.
3.This will bring the complete list of SDSF column names.
4.You can move the columns using “/” and “//”.

One Column in the SDSF that we can bring to the front position is the MAX-RC (which usual is the last column in SDSF ) which shows the completion code or the abend code of the job.

FILE-AID Tip

We always face a situation such that when we have opened a File in FI LEAID Browse mode but later wished it was EDIT Mode and vice versa. So in this situation, what we do is come out of the browse mode and again open in edit mode and vice versa. But ther e is a cool command available in FILE-AID to help us in this type of situation.
If u r in Browse Mode and want to change it into EDIT Mode , in the Line Command issue
COMMAND ===> GO EDIT
If ur in EDIT Mode and want to change it into BROWSE Mode , in the Line Command issue
COMMAND ===> GO BROWSE

ISPF Tips

One can view the clipboard after any valid CUT command was issued.
To view the clipboard, issue : CUT DISPLAY.
Clipboard manager will pop up and gives us options to edit or browse the content.

If you want to know what are the last 25 COMMAND LINE commands that you have issued from ISPF panel then use the RETP Command.

Domain Info :

What Does Credit Score Mean?

A statistically derived numeric expression of a person’s creditworthiness that is used by lenders to access the likelihood that a person will repay his or her debts. A credit score is based on, among other things, a person’s past credit history. It is a number between 300 and 850 – the higher the number, the more creditworthy the person is deemed to be.

A FICO score is the most widely used credit scoring system. FICO is an acronym for Fair Isaac Corporation, the company that provides the credit score model to financial institutions. There are other providers of credit scoring systems as well. Consumers can typically keep their credit scores high by maintaining a long history of always paying their bills on time and not having too much debt.

A credit score plays a large role in a lender’s decision to extend credit and under what terms.  For example, borrowers with a credit score that is under 600 will be unable to receive a prime mortgage and will typically need to go to a subprime lender for a subprime mortgage, which will typically have a higher interest rate.

What Does Credit History Mean?

A record of a consumer’s ability to repay debts and demonstrated responsibility in repaying debts. A consumer’s credit history consists of information such as: number and types of credit accounts, how long each account has been open, amounts owed, amount of available credit used, whether bills are paid on time, and number of recent credit inquiries.  It also contains information regarding whether the consumer has any bankruptcies, liens, judgments or collections. This information is all contained on a consumer’s credit report.

Potential creditors, such as mortgage lenders and credit card companies, use the information in a consumer’s credit history to decide whether to extend credit to that consumer. This information is also used to calculate the consumer’s FICO score.

Motivational Quote
” People who don’t succeed are the ones who give up. I am not giving up.”

Interesting Facts
A Quarter has 119 grooves on its edge, one more than a dime.
A Penny weighs 2.5 grams which is the average weight of a humming bird. A can of soda has 4 penny’s worth of sugar.
If you toss a penny 10,000 times, it will not be heads 50% of the time, but more like 49%. The heads picture weighs more, so it ends up on the bottom. So always pick tails, you have a slightly better chance.
There is more Monopoly money printed in a year, than real money printed throughout the world. The amount of money in a Monopoly game is $15,140.
There are 293 ways to make change for a dollar

03/22/2009

Posted by Sachin Puthran

Domain Tip:

What Does Price-Earnings Ratio – P/E Ratio Mean?
A valuation ratio of a company’s current share price compared to its per-share earnings.

Calculated as:    Market Value Per Share / Earnings Per Share (EPS)

For example, if a company is currently trading at $43 a share and earnings over the last 12 months were $1.95 per share, the P/E ratio for the stock would be 22.05 ($43/$1.95).

EPS is usually from the last four quarters (trailing P/E), but sometimes it can be taken from the estimates of earnings expected in the next four quarters (projected or forward P/E). A third variation uses the sum of the last two actual quarters and the estimates of the next two quarters.

Also sometimes known as “price multiple” or “earnings multiple”.

Technical Tip:

For Mainframe Guys

TIP 1:
Any command entered in the COMMAND LINE disappears after the successful execution of its intended function. If you want to repeat the same command, you got to re-type it or use some PF key to retrieve the last command entered. But here is a cool method that makes the command entered not to disappear and stay on the screen.

Precede commands with ‘&’

After the execution of the command, the command stays on the screen. This way you can keep entering the same command or modify the command a little and using it multiple times.

TIP 2:
Suppose you are in a ISPF Screen and want to know in which TSO Region (Development, Production, or other TSO regions) you are now. Issue on the command line: SAREA

TIP 3:
Usually the PDS or PS bears the ID of the creator or the ID of the person who modified it recently.But it is possible to change these ID values without leaving trace of one’s own ID if in the command area against the member name or PS name, by giving ‘G’. Dialog box will pop up allowing you to change the ID values.

For Java Guys

Tips to make your program better,

1.    Don’t make any class file larger than 1000 lines
2.    Avoid Using Global Static function, if not possible then put that all function in a separate class.
3.    Before starting the project check out the proper decomposition of classes, interface and function. Practice of making structure then start coding.
4.    Always try to features given by java, don’t try to write your own code if java provide such thing like StringBuffer, HashMap, ArrayList etc.
5.    Always use the System properties handled by java for example. Don’t use “\n” u can use
System.getProperty(“line.separator”);
6.    Always Use Java coding convention (if you don’t have company specified) and one popular IDE (eclipse/NETBeans etc) for programming.
7.    Properly handle exception and their preferred treatment and if possible create a separate Exception Handling class where After Error message that thrown exception will be caught.
8.    Avoid use of public data types for any class.
9.    Don’t use static function for breaking up the code instead use default functions
10.    Convert all reusable components into class/widgets etc. To make them useful for other projects.
11.    Do proper documentation; it will help in future updation of code, also use fullname for variable don’t use i,j,k,a,b,c etc.
e.g. customerCareServiceNumber, customerCareAddress,customerId.
12.    In case of database connectivity, use the same name of variables for storing the value of that field i.e FIELD_NAME should be the variable name which contains value of that FIELD_NAME. It will help you to cover out all the errors by mismatch naming.
13.    Always break up complex calculation by declaring new variables; it will be really helpful in removing small problems.
14.    Take proper benefit of the scope variables e.g. if the variable maintain different index in a loop declare it at loop.
15.    to help Garbage Collector, Always unassign unused variables at Finally And by marking null.

For DB Guys

SQL Accord is an advanced database comparison tool that visually shows you differences between database schemas giving you immediate insight into changes.

Motivational Tip for the day:
Discover what inspires you, raises your level of consciousness, motivates you, and satisfies your soul.

Interesting Facts:
·  The penalty for killing a cat, 4,000 years ago in Egypt, was death.
·  Chocolate affects a dog’s heart and nervous system, a few ounces enough to kill a small sized dog.
·  The chance of you dying on the way to get your lottery tickets is greater than your chances of winning.

Quote for the day:
A writer is a person for whom writing is more difficult than it is for other people.
– Thomas Mann

03/19/2009

Posted by Satyanarayana Guggilapu

Technical Tip of the Day

TIP 1::

AJAX caching issue::

Hope everyone knows what for AJAX is used. AJAX is used for making asynchronous calls to the server so that user does not feel that
the page is actually refreshed. The call will be made by using XMLHttpRequest object which is supported by most of the browsers. Its the browser which
actually makes the asynchronous call to the server. The AJAX request URL must be unique otherwise the brrowser does not make call to the server.
Instead it uses the previously cached response. For e.g say the AJAXURL is /requestPath?param1=value1. If you send the same URL second time,
browser does not make call again instead it gets the response from the previously cached one.

AJAX caching issue solution ::

1. AJAX URL must be made unique. We can make the URL unique by appending some unique parameter to the URL. For e.g we can generate a random number and
appends it to the URL. For e.g URL ‘/requestPath?param1=value1&justToMakeIEHappy=’+Math.random(). This always makes URL unique.
NOTE :: This issue happens only when we use HTTP GET requests for sending AJAX URL.

2. USE HTTP POST request.In this case URL need not be unique since browser does not check for unique URL in header as form parameters are sent in HTTP
body in case of POST requests.

Tip 2::

JAVA Collections
Ordering is one of the very important attribute for deciding which collection implementation is to use. Ordered means the retrival order
will be the same as the inserted order. For e.g if you insert say 10, 7, 4, 6 numbers into collection when we retrieve we should get in the same order i.e as 10, 7, 4, 6.

List implementation classes such as ArrayList, LinkedList supports ordering.
Map implementation classes such as HashMap, TreeMap does not supports ordering.
Set implementation classes such as HashSet, TreeSet does not supports ordering.

Then if i want to maintain order in case of Map & set how i can do that ? Most of the people write their own logic for this.
But no need. JAVA always makes developers life easier by suporting implementations required for most of our requirements.

Map has a implementation class called LinkedHashMap which supports ordering.
Set has a implementation class called LinkedHashSet which supports ordering.

Motivation Tip of the Day
Don’t expect everyone to do things your way. Allowing people to be creative creates a more optimistic environment and can lead to awesome new ideas.
Interesting Fact
“The World’s best selling book is The Holy Bible”

Inspirational Quote
“If you think, you can”

03/17/2009

Posted by Balaji Jayakumar

Domain Tip:

Clean Float
Market condition in which the value of a nation’s currency in relation to other currencies is determined purely by free market forces. There are almost no cleanly floating Western currencies, i.e.,
currencies that are not supported one way or another through intervention by central banks. Currencies that trade with a minimum of intervention by central banks or central monetary authorities are the Swiss franc, the German deutschmark, and the Canadian dollar.

Dirty Float
Foreign exchange rate that is influenced to one degree or another by market intervention by the issuing country’s monetary authority. Most western currencies, including the French franc, Italian lira and, to a lesser extent, U.S. dollar and Japanese yen, fall into this category. The opposite is clean float.

Technical Tip (MS Word):
To move a selected paragraph UP or DOWN between the paragraphs, Use ALT + SHIFT + UP/DOWN ARROW KEYS.
To select portion of the document vertically, Use CTRL + SHIFT + F8 and ARROW KEYS.

Quote of the day
The will is not free – it is a phenomenon bound by cause and effect – but there is something behind the will which is free.- Swami Vivekananda

Interesting Fact
In 1932, when a shortage of cash occurred in Tenino, Washington, USA, notes were made out of wood for a brief period. The wood notes came in $1, $5 and $10 values.
There are more than 600 million telephone lines today, yet almost half the world’s population has never made a phone call.
US and European expenditure on pet food is $17 billion per year
According to a study by the Economic Research Service, 27% of all food production in Western nations ends up in garbage cans. Yet, 1,2 billion people are underfed –
the same number of people who are overweight.

Health Tips
Watermelon
Watermelon is practically a multi-vitamin unto itself. With a 2-cup serving of watermelon containing excellent levels of vitamins A, B6 and C, this product contains a number of nutrients that are vital to good health.
Vitamin A found in watermelon is important for optimal eye health, can help prevent nightblindness, and boosts immunity by enhancing the infection-fighting actions of white blood cells called lymphocytes.
Vitamin B6 found in watermelon is used by the body to manufacture brain chemicals (neurotransmitters), such as serotonin, melatonin and dopamine, which preliminary research shows may help the body cope with anxiety and panic.
Vitamin C in watermelon can help to bolster the immune system’s defenses against infections and viruses and can protect a body from harmful free radicals that can accelerate aging and conditions such as cataracts.
A two-cup serving of watermelon is also a source of potassium, a mineral necessary for water balance and found inside of every cell. People with low potassium levels can experience muscle cramps.

03/16/2009

Posted by Radhakrishna Gongala

Domain Tip:
Bad Debt:
Bad debt refers to funds owed to a creditor that aren’t collectible. Debts are only classified as bad debt after all avenues of collection have been exhausted. From a business/balance sheet perspective, bad debt amounts are worthless, and usually written off. From a tax perspective, businesses and individuals are allowed to deduct bad debts under certain circumstances.

Technical Tip:
To combine several relatively simple documents into a single document, repeat the following procedure until all of the individual documents have been combined. The original documents are unaffected by this procedure.

Start a new, blank document. Choose File from the Insert menu. Browse to the document you want to insert. Select the document, then click Insert.
Usually, you will want to insert a page break after each file you insert: Choose Break from the Insert menu, select Page break, then click OK.

Interesting facts:
Benjamin Franklin was the ninth child out of eleven children. Ben Franklin was born in Boston on 1-17-1706.Benjamin’s father was Josiah a candle/soap maker and his mother was Abiah. Ben     Franklin ran away when his father couldn’t give him any money. He traveled 50 miles to find a work. He was a civil worker, inventor, a founding father, scientist, publisher & author, and held many political positions such as Minister to France which caused frequent travel to other countries. He was the only person to sign the Constitution, Declaration of Independence, and the Treaty of Paris of 1776. Benjamin Franklin died an abolitionist at April 17 of 1790. He was 84 when he died. Interesting fact about Benjamin Franklin is that he invented urinary catheter.
Inspirational quote:

If I had to select one quality,
one personal characteristic that I regard as being most highly correlated with success,
whatever the field,
I would pick the trait of persistence. Determination.
— Richard M. Devos

03/12/2009

Posted by Balagurunathan Krishnamurthy

Domain Tips
Treasury services is a function of an investment bank which provides transaction, investment, and information services for chief financial officers or treasurers.Treasury services concentrates and invests client money, and provides trade finance and logistics solutions as well as safeguards, values, clears and services securities and portfolios for investors and broker-dealers.

A clearing house is a financial services company that provides clearing and settlement services for financial transactions and often acts as central counterparty.

Technical Tip
Mapping Physical Drive/Path to Virtual Drive

subst is a command on the DOS, IBM OS/2 and Microsoft Windows operating systems used for substituting paths on physical and logical drives as virtual drives.

SUBST [drive1: [drive2:]path]
SUBST drive1: /D
drive1 – Specifies a virtual drive to which you want to assign a path.
[drive2:]path – Specifies a physical drive and path you want to assign to a virtual drive.
/D       –  Deletes a substituted (virtual) drive.

This command is very useful to mimic the production environment where PDFs,XMLs and Property files will be placed in specific drives which may not be available in our desktops.

Interesting Facts
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. public corporations as measured by their gross revenue. The list includes publicly- and privately-held companies for which revenues are publicly available. Wal-Mart was the largest company on the list in 2007 and 2008. Exxon Mobil was in second place.

Chennai Facts
The name Chennai is derived from Chennapattinam or Chennapattanam, the name of the town that grew up around Fort St. George, built by the British in 1640 A.D. The British named it Chennapatnam after they acquired it from Chennappa Nayaka, a Vijayanagar chieftain. Gradually, the name was shortened to Chennai. However, some believe Chennapattinam was named after the Chenna Kesava Perumal Temple, as the word Chenni in Tamil means face, and the temple was thought of as the face of the city.

Quotes of the day
“The greatest results in life are usually attained by simple means and the exercise of ordinary qualities. These may for the most part be summed in these two: common-sense and perseverance.” – Owen Feltham
“The trouble with being punctual is that nobody’s there to appreciate it.” – Franklin P. Jones.

03/12/2009

Posted by Ramkumar Kandhakumar

Domain Tip –
The net market value of a corporation’s assets on a per-shar basis, not the market value of the shares. A company is undervalued
in the market when asset value exceeds market value.

Technical Tip (MS Word) –
To remove hiperlink in the document – select all (Ctrl + A) and Ctrl + Shift + F9
To insert the current Date – Alt + Shift + D
To insert the current Time – Alt + Shift + T

Interesting Fact –
Yahoo the complex internet organism has complicated name. Word “Yahoo” is shortcut for “Yet Another Hierarchical Officious Oracle”.
It was coined by PhD candidates at Stanford University: David Filo and Jerry Yang.

Quote of the Day –
Hope is always available to us.
When we feel defeated, we need only take a deep breath and say, “Yes” , and hope will reappear.-Anonymous.

Word of the Day-
hippopotomonstrosesquipedaliophobia – Fear of long words; sesquipedalian is apparently latin for long word

Health Tip –
Eat breakfast like a King, lunch like a Prince, and dinner like a Pauper.

Birthday Info –
JPMC DP Prime Aravind’s birthday.
We wish him a very happy birthday.

03/11/2009

Posted by Sanath Kumar

Domain Tip:

Hedge Funds :
A fund, usually used by wealthy individuals and institutions, which is allowed to use aggressive strategies that are unavailable to mutual funds, including selling short, leverage, program trading, swaps, arbitrage, and derivatives. Hedge funds are exempt from many of the rules and regulations governing other mutual funds, which allows them to accomplish aggressive investing goals. They are restricted by law to no more than 100 investors per fund, and as a result most hedge funds set extremely high minimum investment amounts, ranging anywhere from $250,000 to over $1 million. As with traditional mutual funds, investors in hedge funds pay a management fee; however, hedge funds also collect a percentage of the profits (usually 20%).

Technical Tip:
POWERPOINT TIP:
To change the case settings of your text:

Select the text you wish to change case settings.
Press Shift+F3
Continue to press Shift+F3 until the correct case settings appear on your text, for example, ALL CAPS, or ALL LOWER CASE, or grammatically correct text.

Interesting Fact:
Human Brain is too Efficient:

Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn’t mttaer in waht oredr the ltteers in a wrod are witren, the olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit a porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe.

Face Book Facts:
Facebook was originally named TheFaceBook and it was developed by Harvard student Mark Zuckerberg. The first use of the FaceBook was on the Harvard campus and it was limited only to Harvard students. Soon the FaceBook spread like wild fire around the other major U.S. Universities. Mark Zuckerberg dropped the Harvard and pursued his facebook dream to become one of the 4th most-trafficked websites in the world with more than 90 million active users. The FaceBook website is built on PHP-MySQL technology and it is probably the most popular PHP website ever built. Interesting fact is that the facebook.com domain was purchased for $200,000 and FaceBook has more than 24 million photos uploaded daily.

Quote of the day:
If you focus on results, you will never change. If you focus on change, you will get results. -Jack Dixon
The significance of a man is not in what he attains but in what he longs to attain. -Kahlil Gibran