Description: Reviews book entitled An Introduction to Risk and Return from Common Stocks by Richard Brealey. The book provides a description of the stock market, as seen through the eyes of the statistician.

Description: This article from The Actuary, April 1971, volume 5, Issue 4 is about a pension section meeting. The moderator opened the meeting by laying down some general principles. Using market value instead of book, accounting for unrealized gains, taking cognizance of different cash flows, objectives, constraints on the manager, and other characteristics of the funds to be compared-all met with general acceptance, in this audience at least.

Description: Article from The Actuary, January 1971 – volume 5 - Issue 1 uses examples to measure the effect of reinvesting funds at a rate different from that at which the investment is made based on the rapidly changing interest rates.

Description: The author discusses how sustainable enterprise risk management (SERM) is valuable for insurance companies and how actuaries can contribute to its development.

Description: For those who care, there are both pleasure and profit to be gained from buying a ticket on the bull train in a timely manner.

Description: This article gives details of the demutualization process of The Equitable Life Assurance Society, highlighting the decision process, actuarial issues and regulatory challenges.

Description: Mergers and acquisitions 'M&A' are major forces driving change in the life insurance industry. This editorial discusses how the articles in this newsletter address the M&A phenomenon.

Description: A discussion of some criticisms of the feasibility of companies converting to GAAP, in addition to pros and cons of the GAAP system.

Description: Highlights using core skills in value added analysis and discusses the value of this analysis to insurers and to other businesses.

Description: The article explores the use of economic capital modeling to deliver value to clients by improving the financial security of many individual lives around the world in a cost-effective way.