In Commonwealth countries, there are commonly two types of degrees: a three-year “Pass” degree and a four-year “Honours” degree.  There are no Associates degrees and college credits are not readily transferable to university programs.  The major differentiator between a Pass and Honours degree is the requirement of formal research and preparation of an “Honours Thesis.”  [...]

Conventional wisdom amongst investors recommends maintaining a diversified portfolio.  The reasoning behind this, however, is not so common knowledge.  One theory put forth by Harry Markowitz, Modern Portfolio Theory, asserts that asset returns represent normally-distributed random variables, each with their own variances, and quantifiable risk being represented by standard deviation (Markowitz, 1999).  While variants of [...]