Etymology[ edit ] The word mafia derives from the Sicilian adjective mafiusu, which, roughly translated, means 'swagger', but can also be translated as 'boldness' or ' bravado '. In reference to a man, mafiusu mafioso in Italian in 19th century Sicily signified 'fearless', 'enterprising', and 'proud', according to scholar Diego Gambetta. Large groups of Italian migrant workers, primarily from the south of the country, first arrived in the US due to a US labor shortage, which was a result of the US Civil Warthe end of slave labor, and the hundreds of thousands killed in the war.
Our website contains the following information: A Newsflash which is a weekly summary of the market statistics and company announcements 2. Database, which contains portfolio management calculators, models and market information 2.
Manual, which contains the essential lessons on all aspects of portfolio management 3. Workshop, which explains the programme and provides a forum for discussion 4. Hedgehog, which monitors and reports on the portfolios of past participants of the programme Charles Hattingh presents the workshops in the Johannesburg area and Christiaan Lamprecht in the Western Cape.
The JSE equities market 2. The shares listed on the JSE 3. The construction and selection of portfolios of JSE equity shares 4. The management of JSE equity portfolios Background to Charles Hattingh After serving five years of articles with a small auditing firm and attending Wits in the evenings and on Saturday mornings, Charles Hattingh CPH failed the qualifying examination in He then formed a small study group and rewrote inachieving honours first in RSA.
He received his results while working for 20th Century Fox as company secretary in Nairobi, Kenya. On returning to South Africa, he joined the Industrial Development Corporation as an investigating accountant.
He was fortunate to work under two incredible people, Mr. John Mitchell and Mr. Derek Keys, spending three years at the IDC performing due diligence investigations for loan and equity investments. He sat on three boards of directors as a representative of IDC. His job was to investigate and value companies for listings and takeover purposes.
The level of activity at UAL was much lower than that at the IDC so, in his spare time, he formed a group of fourteen candidates who had previously failed the CA qualifying examination. Using his own experience of having failed and then achieving honours, he trained these candidates for five months in the art and practice of writing examinations.
The two who failed never managed to pass at subsequent attempts. Encouraged by these results, he left UAL to focus full time on preparing candidates for the Q. During this stage of his career he: In he gave up his valuation activities.
He now focuses all of his efforts on researching and presenting workshops on portfolio management. Background to Christiaan Lamprecht In Charles decided to cut back on presenting the Portfolio Management workshop country-wide and rather focus on presenting more workshops in Gauteng.
He re-wrote the material in a format suitable for distance learning and asked Christiaan Lamprecht to facilitate the workshop on his behalf in the Western Cape.
The first of these facilitated workshops was held in December in Stellenbosch. Christiaan qualified as a Chartered Accountant in after completing his traineeship with PwC.
He then worked as a financial manager for the South-African subsidiary of a London based manufacturing company before joining Stellenbosch University as a lecturer in financial accounting in He currently lectures financial accounting to post-graduate chartered accounting students.
Christiaan also serves as non-executive director on two of the companies in the Innovus group of companies. Acknowledgements I would like to acknowledge the following for going the extra mile by contributing to the DIY Portfolio Management Programme:Mathematical study.
Mafia is a complicated game to model, so most analyses of optimal play have assumed both (a) that there are only townsfolk and mafiosi and (b) that the townsfolk never have a probability of identifying the Mafia that is better than chance.
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