What is 'Baby Berkshire' Baby Berkshire refers to the 50:1 stock split after the market close on January 20th, 2010 by Berkshire Hathaway Class B shares. This split made the value of each share much smaller as...
What is 'Macro-Hedge' An investment technique used to eliminate the risk of a portfolio of assets. In most cases, this would mean taking a position that offsets the whole portfolio. But this technique is difficult in practice...
What are baby boomers and what generation do they belong to
A baby boomer is a person who was born between 1946 and 1964. So, currently, a baby boomer is someone who is between 56 and 74 years old. The...
What is 'XD' A symbol used to signify that a security is trading ex-dividend. XD is an alphabetic qualifier that acts as shorthand to tell investors key information about a specific security in a stock quote. Sometimes...
What is 'Valuation Mortality Table' A statistical chart that is used by insurance companies to calculate the statutory reserve and cash surrender values of life insurance policies. A mortality table shows the death rate at any given...
What is a Habendum Clause
A Habendum Clause is a real estate legal term that refers to the portion of a deed that states the title holder's intentions for the use of the property. In other words, it spells out...
What is 'XW' A symbol used to signify that a security is trading ex-warrant. XW is one of many alphabetic qualifiers that act as a shorthand to tell investors key information about a specific security in a...
What is 'Vacation Home' A dwelling other than the owner's primary residence that is used for recreational purposes, like vacations (hence the name). Because vacation homes are only used at certain times, many owners will rent out...
What is the 'EAFE Index' The EAFE Index is an index created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI...
DefinitionJacob Henry Schiff was a Jewish-American banker, businessman, and philanthropist. Among many other things, he helped finance the expansion of American railroads and the Japanese military efforts against Tsarist Russia in the Russo-Japanese War. Jacob Schiff What is...