Download music should or shouldn't Essay Example | Topics and Well Written Essays - 1000 words

Download music should or shouldn't - Essay Example This in-turn gives an alarming notice to the music industry, since the government's plan of busting illegal down loaders’ can seriously harm the industry. Even the stars have different views about illegal downloading. Lily Allen and James Blunt are supporting the bust out of the illegal music downloads, on the other hand, the pop star Shakira believes that illegal downloading or file sharing actually takes her closer to her fans (Shields). WHY IS ILLEGAL DOWNLOAD OF MUSIC ETHICALLLY NOT RIGHT There are laws in every country to protect individuals from all professions. It is their right of course. Similarly, there are defined laws for protecting people in the music industry. Illegal music downloads have not only affected the stars themselves but also retail owners all over the world because they have lost some serious business. This, in turn, means that just because individuals are downloading music illegally a number of people might be getting unemployed in this time of econom ic crisis. In other words, every instance a song is downloaded illegally; an individual snatches something from another individual somewhere around the world for themselves. If anyone wants to download music, he should do it legally. There are multiple sources available to download legal music. There are cheap options available, as well. There are a certain programs that have been declared as legal as mentioned earlier. Now these are all legal because licensing agreements have been signed. Flouting copyright law is a serious offense (Downloading Music). PROs AND CONs OF DOWNLOADING MUSIC Pros Downloading music can get to the masses in minutes, which is not only handy and easily accessible to them, but also a potent treat for the... This "Download music should or shouldn't" essay outlines why it is not an easy issue. On one hand, the music download is facilitating the consumers and increasing its demand but, on the other hand, it’s not only reducing the sales figures of the music industry but also making it an inexpensive and common commodity. Pros †¢ Downloading music can get to the masses in minutes, which is not only handy and easily accessible to them, but also a potent treat for the music fans all over the world since they can get their hands on the music almost instantly. †¢ Downloading music is free. This saves the music fans a handsome amount of money since the legal copies cost a little too much for a normal man. †¢ The individuals who support music downloads say that it not only helps increase the popularity of the artist/singer, but it has also contributed a substantial chunk in the current success of the music industry worldwide. Cons †¢ It is rightly said that things that we get easily without putting in an extra effort are not that precious to any individual as would be a product which requires an extra effort from the consumer. †¢ The music downloads lead to a fall in sales of the retailers of music stores, in turn of the music companies and ultimately the stars themselves too. This can have a disturbing effect on the music industry because of the loss of funds. †¢ At times, downloading music is not even totally free. Downloading from websites may charge a subscription fee which might be equal to purchasing an actual copy (Oak).

EFFICIENCY OF CAPITAL MARKETS Essay Example | Topics and Well Written Essays - 500 words

EFFICIENCY OF CAPITAL MARKETS - Essay Example Funds that have bet against the market and performed poorly have been closed or folded into other funds, because their performance is not strong enough to attract new buyers. When one counts fund performance over two different periods of time, if one does not allow for survivorship bias, the data can be biased in favors of those funds that have done well, and can make the overall market’s fund performance seem better than it is. 3) What is the relationship between risk and return? How do we normally calibrate returns for risk? In a classic model, the higher the risk, the greater the return should be. Risk is the potential for loss weighed against return, the actuality of gain. With survivorship bias and fund piloting (where a group of funds begin at the same time with the notion that only the successful will ultimately survive), risk tends to be hidden by the mutual fund industry, making it seem like returns are higher than they are, and safer. 4) What is alpha and what does it measure? Alpha is a risk-adjusted statistical measure that weighs the return that is afforded in excess of the risk borne. It can usually be determined by subtracting funding performing from a relevant benchmark index. If one bets on the fund manager, one expects the fund to outperformance the basket of stocks bought in an index. 5) What is a t test and what does it measure? The t-test is a statistical measure used to weigh the significance of two different sample means, through a comparison of the variance between the means. In the case of the Malkiel study (p. 554) it indicates that there is a fairly strong difference between the mean performance rating of surviving funds and non-surviving funds, supporting the notion that survivorship bias must be account for to get a true picture of mutual fund records over time. 6) What conclusions can you reach about "the hot hand" investor? Who are the notable exceptions to this observation? The idea of a â€Å"hot hand† manager