James D. Slater
What is 'James D. Slater' A renowned investment author in Britain, who wrote a Sunday column in London's The Sunday Telegraph under the pen name "The Capitalist". Slater was also a major figure in corporate takeovers, and eventually turned his investment company into an investment bank. Following this, he established a career in financial writing and as...
Jarrow Turnbull Model
DefinitionThe Jarrow–Turnbull credit risk model was published by Robert A. Jarrow of Kamakura Corporation and Cornell University and Stuart Turnbull, currently at the University of Houston. Many experts in financial theory label the Jarrow–Turnbull model as the first "reduced-form" credit model. Reduced-form models are an approach to credit risk modeling that contrasts sharply with the "structural credit models". The...
Junk Bond
A non-investment grade or high yield bond is referred to as a junk bond. As the name suggests, these bonds have a credit rating of BB or low, and are fixed income instruments. They may carry a rating even lower than BB, as per the Standard & Poor’s Rating or Ba, or low as per the Moody’s Investors Service...
Joint And Several Liability
DefinitionWhere two or more persons are liable in respect of the same liability, in most common law legal systems they may either be... Joint And Several Liability What is 'Joint And Several Liability ' Joint and several liability is when multiple parties can be held liable for the same event or act and be responsible for...
John G. Drosdick
What is 'John G. Drosdick' A former chairman, CEO and president of petroleum company Sunoco. Drosdick led Sunoco to acquire nearly 300 gas stations and purchase a chemical company and a refinery; the company also shut down several of its facilities during his tenure. Drosdick became Sunoco's chairman, CEO and president in 2000 and he retired at...
Jobs Growth
What is 'Jobs Growth' A component of the Employment Situation Summary, reported monthly by the Bureau of Labor Statistics. The job growth figure is expressed as the gross number of jobs created in the American economy in the previous month. Explaining 'Jobs Growth' A job growth figure between 100,000 and 150,000 new jobs per...
James H. Clark
DefinitionJames Henry Clark is an American entrepreneur and computer scientist. He founded several notable Silicon Valley technology companies, including Silicon Graphics, Inc., Netscape Communications Corporation, myCFO, and Healtheon. His research work in computer graphics led to the development of systems for the fast rendering of three-dimensional computer images. James H. Clark What is 'James H. Clark' A...
John Neff
DefinitionJohn B. Neff, CFA, is an American investor, mutual fund manager, and philanthropist. He is notable for his contrarian and value investing styles as well as for heading Vanguard's Windsor Fund. Windsor became the highest returning, and subsequently largest mutual fund in existence during Neff's management—eventually closing to new investors for a period in the 1980s. Neff retired from...
James M. Buchanan Jr.
DefinitionJames McGill Buchanan Jr. was an American economist known for his work on public choice theory, for which he received the Nobel Memorial Prize in Economic Sciences in 1986. Buchanan's work initiated research on how politicians' and bureaucrats' self-interest, utility maximization, and other non-wealth-maximizing considerations affect their decision-making. He was a member of the Board of Advisors of The...
January Barometer
DefinitionThe January barometer is the hypothesis that stock market performance in January predicts its performance for the rest of the year. So if the stock market rises in January, it is likely to continue to rise by the end of December. The January barometer was first mentioned by Yale Hirsch in 1972. January Barometer What is 'January Barometer'...