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18: Introducing CORBA Support for distributed networks CORBA compliant products are all platform independent, which allows applications to work on a wide range of systems. A CORBA object can be invoked, by any client that uses the proper interface definition, regardless of the hardware and software platforms running on the client system. Seclusion of interface and implementation Because clients "talk to" (that is, invoke) objects only through appropriately defined interfaces, implementation changes in the server do not directly affect the client. In fact, clients are unaware of implementation changes in the object, as they interact only through interface definitions, which are constant for an object invoked from a client. This feature of CORBA enables you to modify and upgrade objects without having to also change how clients invoke the object or, indeed, anything else about the clients.

) A market neutral equity portfolio is designed to return the same amount whether the equity market rises or falls A properly constructed market neutral portfolio, if it performs as expected, will incur virtually no systematic, or market, risk; its return will equal its interest earnings plus the net return on (or the spread between) the long and short positions The equity return spread is purely active, re ecting the investor s stock selection skills; this return spread is not diluted (or augmented) by the underlying market s return..

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As much as certain theoreticians may dislike the notion, blue is not green The crisis did happen, dragging down with it the reputation of many a theoretical gospel We could (as we have done, and will continue to do, in this book) nit-pick and nger-point several speci c instances where particular quantitative applications horrendously failed But let s try here to underline the more big-picture themes, more for-the-ages lessons that undefatigably emerge from all the rubble Two interconnected conclusions bother us particularly harshly on account of their insistent obviousness: We can t predict, and anything is possible Don t give us mathematical recipes for how the world will operate or, worse, how we should operate You couldn t forecast even one of the innumerable mega-Black Swans that have taken place in successive/ consecutive motion, each of which, in itself, has earned a place in the history books.

Making Sense of Data: A Practical Guide to Exploratory Data Analysis and Data Mining, By Glenn J. Myatt Copyright # 2007 John Wiley & Sons, Inc.

Forget about your inconsolable incapacity to describe tomorrow s stock prices or next week s foreign exchange rates You couldn t get what truly matters right Not even close to being close How many nancial economists had forewarned on December 31, 2007, that in barely six months the investment banking industry would be gone When you can t even detect that which most impactingly impacts our lives, why should we consider you and your tools worthy of our admiration and allegiance Second, don t pretend that you can measure and that you know the probability distribution Particularly if the distribution of your choosing is one where a huge range of possibilities is off-handedly discarded as impossibly far-fetched, where the realm of the possible is reduced to a limitingly limited range of outcomes.

4.84 4.79 4.74 4.70 4.66

We don t know the distribution, we don t know the range of outcomes, and we don t know the rami cations If 2-sigma is the best that you can do, you are obviously hopelessly out of touch, out of sync The real world left you behind a long time ago The crisis has amplifyingly shown that you can t prepackage future events and their impact in a nice little box, adoringly adorned with standard deviations and correlations Reality is much more ferociously untamable The randomness is not just wild; it s savagely uncageable, abominably undomesticated No equations can subjugate it, control it, or decipher it Where anything can happen, there are no mathematically imposed bounds You could never build a model that could accommodate all the possible impossibly impossible future happenstances, let alone assign them a (trustable) chance of occurring..

Ultimately, Marketing to the Social Web is an excellent blend of theory, practical tips and how-tos, and fun and interesting case studies that will serve both marketers new to the Web and those more seasoned, making it a timely read for everyone interested in growing and thriving online. Jimmy Wales, founder of Wikipedia and Andrea Weckerle, Communications Consultant & Entrepreneur, New York City

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