Essay on Biography Of Larry Ellison Creator Of The Oracle Corporation

Essay on Biography Of Larry Ellison Creator Of The Oracle Corporation

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Larry Ellison creator of the Oracle Corporation a 447.2-Billion-dollar multinational computer technology corporation, Mark Zuckerberg founder Facebook a 370-Billion-dollar social media service, and Warren Buffet founder of nothing. Among these three men who is the wealthiest? Shockingly, Warren Buffet is the richest with a net worth of 66.4 billion dollars. Warren Buffet utilized his investing acumen to go from a total net worth of twenty-thousand at twenty-one years of age to a total net worth of sixty-six billion at eighty-six years of age. He is not the only person who has been wildly successful on the shoulders of investing alone; men like Carl Icahn, Ronald Perelman, Mikhail Prokhorov, Philip Anschutz, and Harold Simmons are all comfortably in the “billionaire’s club” largely because of their excellent investments.
Many scholars believe that certain strategies can be effective in “beating” the market over a long period of time due to the vast amount of empirical evidence. However, there is still a significant degree of uncertainty as to the effectiveness of one strategy over another amongst institutional investors and scholars alike. The vast majority of experienced investors believe that diversification, patience, and value are the three columns of successful investing. On the other hand, many researchers are still in disagreement about how viable other strategies such as growth, short-term and concentrated investing can be. Do all successful investors share this common thread of patience, value, and diversification in their investments or are there a plethora of investing techniques that investors utilize to achieve success?

Diversification
To analyze the effects of diversification, many resear...


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...tors.
In accordance with the theory that value stocks, on average, have higher returns than growth stocks Chan and Lakonishok (2004) theorize that without the cognitive biases of investors the two strategies would result in equitable results (p. 85). Therefore, they make a final point that value investing likely will be a successful strategy for investing over long periods of time (p.85).

Conclusion
This research, when amalgamated together, illuminates what techniques among value, diversification, and patience are pertinent to successful investing. Statman (2004) analyzed the benefits of diversification and why some individual investors choose not to diversify their portfolios. Although the conclusion that diversification is beneficial for reducing risk, the research behind why people decide to under-diversify their portfolios could be bolstered.

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