English Auction
What is an English Auction? An English Auction, also referred to as an open cry ascending auction, starts by an auctioneer announcing the suggested opening bid or reserve price for the item on sale. The buyers with interest in the item start placing bids on the item on sale, with the auctioneer accepting higher bids...
Capital Allocation Line (CAL) and Optimal Portfolio
Capital Allocation Line (CAL) and Optimal Portfolio The Capital Allocation Line (CAL) is a line that graphically depicts the risk-and-reward profile of assets, and can be used to find the optimal portfolio. The process to construct the CAL for a collection of portfolios is described below. Portfolio Expected Return and Variance For simplicity, we will...
Auction
What is an Auction? An auction is a system of buying and selling goods or services by offering them for bidding—allowing people to bid and selling to the highest bidder. The bidders compete against each other, with each subsequent bid being higher than the previous bid. Once an item is placed for sale, the auctioneer...
Privately Held Company
What is a Privately Held Company? A Privately Held Company is a company that is wholly owned by individuals or corporations and does not offer equity interests in the company to investors in the form of stock shares traded on a public stock exchange. A company in the “private sector” refers to non-government-owned businesses, and...
Private vs Public Company
What is a Private vs Public Company? The main difference between a private vs public company is that the shares of a public company are traded on a stock exchange, while a private company’s shares are not. There are several more important differences to understand, which this article will outline below. Differences Between a Private...
