The rise and fall of long-term capital management - Free Essay Example

Introduction Roger Lowenstein write the book â€Å"When Genius Failed† about the risk management of funds which collapsed the worlds financial market system along with his founders and PhD genius intelligence. Summary of the content The story of long-term business of bond trade started in 1979 when well-known trader at Solomons brothers whose name was Meriwether introduced it. The young and talented Meriwether after his graduation from the University of Chicago joins Solomons in 1970, s. In 1970,s, the bond market was more active as compared to 1960,s and more people were interested in bond trades, which made them to earn high returns. In addition, one of the main reasons behind the active bond market was the invention of new computers, which had over taken the classic image of trader who shouts for selling and buying the orders at the trading floor, the computer network help and made their accesses to all buying and selling price very easy and effective. The formation of arbitrage group in 1977 was the one main reason of Solomons evolution. Meriwether was making high profits from the bond trades because his trade had high risk taking abilities, which increased its value in long-term business. Due to Meriwethe r, the banks were ready to give him financing for long term at suitable terms because he was the famous figure at that time among bankers. Meriwether was consider the only known public figure behind the long term capital management but the heart of the funds were the PhD computer genius who were computers freaks to whom Meriwether hired. They developed the models, which could quantify the bonds and tell when the market would be efficient to invest. Meriwether was very happy with his people work and their models; he was confident that he hired smartest people and develop incredible close relationship with them to get most out of them but the 1987 crash in which Solomon had lost $120 million in one day which was great shock to every one and here the story of long term losses start. The Mozer scandal in which one member of arbitrage use unfair deals in getting unfair profits while ignoring the good will of Meriwether and its firm, and Meriwether failed to supervise the MOOZAR activi ties. After settling this scandal by court Solomons appointed Hilibrand and Rosenfiels as a heads of arbitrage and govt desk. At the same time J.M, introduces hedge funds as a business in 1990.Americans were very excited at hedge funds and this raises the stock prices in market, high return increases the investment activities in the bond market. And set the new records at that time. Many Americans became millionaire and were interested in re investing their money. Hedge funds were the private investment pools for rich and wealthy people. So it was easy for SEC to monitor. Due to high returns in 1990,s investors start considering the safest and less risky bond trades. Meriwether wanted to give bond trade a high relative value in market. Early in 1993, Merrill agreed to raise capital for long term on the request of Meriwether, soon at that time. J.Morgan, s old arbitrage group left the Solomon one by one. And J.M hired the Melton a good consultant to Solomons to justify his investo rs about the bond plan. He joined the long term with the intension of showing his theories and models that long term is not a capital but it is a finical intermediary which provide the liquidity to the market. At the end of 1993, Merrill made a partnership with foreign banks in long term because investors were not satisfied with J.M investment strategies. After its partnership Merrill start raising funds by feeder system which was a piece of paper or a earning statement issued by Solomons to spread the long term portfolio around the world with the help of good marketing strategies. Long term gained the unparallel access to international banks for their private funds. A long term with this raised the funds by net amount of $1.25 billion in 1994, which was a good start ever. Long-term trade was not easy trade and required the investment banks to lend money for longer period with safest terms. Due to attraction of long term, high profits investment banks itself involved in long term business and became the competitors of long term, so J.M revise its marketing strategies and made only specific deals with investment banks to get maximum return from the market than any one else could get. At that time on Wall Street, the long-term traders and operators were doing their best in earning high profits by their good collaborations and high skills and better knowledge of market and their models. As a result, their profits were much higher than their expectations. After bond market, crash in 1994 long term used the mortgage securities for the purpose of refinancing and generated capital of $ 2 billion. Long term also enters in Italian market for hedging the funds and they successfully capture the market and boost their returns. It was very important for investors to learn about the nature of long term because if they were making profits at one time they also could make looses at some other time. It was responsibility of traders to make their investors aware about the nature and trends of long term. It was difficult to quantify the risk of funds but history of funds helped to assess their bonds market risk. According to Black-Scholes formula, the nature of bond prices in the market was random and this could help the investors to understand the prices and sudden swing in the market. Different assumptions gave by traders to investors that how they could make their money more in efficient market. In addition, if market is efficient than there will be less volatility, less risk and investors could get benefits from that situation. In 1987, portfolio insurance was given to investors to minimize their looses.Many long term had low risk but none of them had no risk. The main problem with long term was its inherited uncertainty, nobody knew how the long term will react in future and stocks return was simply considered as random distributed that means that if long term was loosing money at one time their would be time that it could make profits as wel l and this all depend on market efficiency. In 1995, long term made profits of $ 1.66 billion and Italy contributed a lot in that profit. The derivative trade had the same risk of gaining and losing but the long term returns were high more than ones expectations and long term had high returns because it had high leverage power. As the financial risk involves in long-term trade so no body at that time could say that they will make this profits forever because the future was uncertain and every investors should kept them selves ready to face any kind of uncertainty in future. Long-term balance was 30% more than its capital and this mutual fund was the largest fund at that time on Wall Street. According to the J.M, the long term shows its result over the long periods and required not only the time but also the patience of investors for high returns. Due to the J.M, good strategies for long term it became the model of wisdom and caution in 1995. By the late 1990,s every investment bank involved in long term business due to its lure. Different stock traders developed partnership and formed the merger deals. Arbitrage business was making high returns in capital market. Long term business attracted the banks , individual investors towards itself who were making their money from millions to billions and finding them selves the smartest people because they were involve in the riskiest and highly lucrative trade of that time. Mertons and Scholes won the noble prizes for their economics models and formulas, which could quantify the market risk and help to gain high returns. They decide to join LTCM to earn money. The fall of long term The failure of long term was the volatility of banks which short the huge sum   of equity volatility. Equity volatility was considered the major trade of long term but its funds also destroyed. It was assumed that the equity volatility will remain consistent based on Scholes model but it did not happened in the case of equity volatility. Because of less liquidity the long term short and at this trouble situation there were no buyer who was willing to invest in long term. As storm hits the markets the swaps spread and long term losses its billion of amounts in Russia, Japan, Germany and USA. Meriwether wanted to raise the money but looses were high than leverages and bond market was simply vanished. After increasing risk of long term looses in various countries J.M asked his traders to keep close eye on every proceedings and required up to date reports on arbitrage, equities and swaps but there was fall in demand as no buyer was there and banks also strict their credit polici es towards long terms because of fear of looses. Due to continuous poor performance of bonds long term capital management had not enough cash for there payment to banks and declared as insolvent. At that time long term liquidate its trade and wanted to retain its existing investors and wanted to attract new ones but they were unable to raise money as no one was ready to finance long term because of high risk of loosing money in future. Analysis and evaluation of book The august was the worst month which destroyed the financial market of long term and was the month when there was no buyer, Mertons model was no more their, bond yield, swap spreads and equity all shrink and looses money and was the reason of close of bond market. The main reason of the tremendous looses of long term was the problem which was with the cash flow of long-term capital management after revealing this confidential information to investors they tried to get out of all this. It was suspected that if long term by any of its trade would not able to raise money than it could loose its repo line and would not survive in market.. The main flaws of long-term strategies were * Totally relying on the market models which were developed on the believe that the market fluctuation in past could help to determine the prices ,risks and returns of the securities in future without taking this concept under consideration that the future is highly uncertain no one can predict the future. Therefore, it was wrong to design the future models on past performances of the market. * Market are not always perfectly efficient, if securities are making money in good time there could be time when it face looses * There was no exit strategy for highly illiquid leverage trade of long-term capital management. * Shifting of long-term partners from bond market where they had skills, knowledge and experience, to equity market, which was new to them, was one reason of failure of long-term capital. Conclusion This story is about the failure of long-term capital management due to its care less and greedy traders. Moreover, the investors were not aware of the nature and strategies of long term and its total indebtedness. Banks gave funds to long term due to its brand name, which it had established with its famous partners. In conclusion and after combining all facts together this is a good professional and interesting book which tell us that for trade we need experience and trading is not about the risk management. It is also important to understand the dynamics of market.

Questions On E Commerce Strategy Essay - 1523 Words

INTERNAL RESEARCH ASSIGNMENT Name of the Student: MANIKA GUPTA Enrollment No.: 04615903915 Course: MBA-II Batch: 2015-2017 Shift: MORNING Section: A Subject: E-BUSINESS Subject Code: MS-114 Topic of Assignment: E-COMMERCE STRATEGY RELATED TO BUSINESS STRATEGY Subject Teacher’s Name: Ms. KHUSHBU ARORA RESEARCH ASSIGNMENT Subject: e-Business Subject Code: MS-114 Semester: MBA II Sem, I Shift; Section - A Batch: 2015-17 Instructor: Ms. Khushbu Arora QUESTION: Explain how e-Commerce Strategy relates to other aspects of overall Business Strategy. SOLUTION: Dimensions of an E-commerce Strategy and is relatedness with overall business strategy: ï  ¶ Leadership The primary drivers of change and the creators of strategic vision in an organization are the CEO and senior executives. A strong project champion is a senior executive or someone in a position to demonstrate to a senior executive the potential added value such a project could bring to the organization. Leadership includes: 1. 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The Holy Family With Saints Anne And John The Baptist,...

The painting The Holy Family with Saints Anne and John the Baptist, 1592 (oil on canvas) was created by Italian painter Sofonisba Anguissola (c.1532-1625). It is currently held at the Collection of the Lowe Art Museum, University of Miami, as a gift from Mrs. Forbes Hawkes and Bridgeman Images. This painting is among the unique pious narrative paintings by Anguissola. â€Å"The Holy Family† is the last dated painting by the artist. It was executed when she had just returned to Italy after spending 14 years working for King Philip II at the Spanish court. By this time, she had already married to a Genoese ship captain. Her various visits to court and her personal contacts with great painter at that time largely inspired herself. Through these contacts, she successfully stayed in touch with current developments in art. By closely observing this masterpiece, I argue that the artist perfectly sustain the beauty of counter-reformation arts in her work by use of light and shadow, de licate brushwork and accurate proportions of each subjects. Anguissola is mostly interested in portraits painting, thus this is a unique one as an exception. As one of the well-known Counter reformist works, this masterpiece depicted the interest of religion worship in order to appeal to the viewers in an expressive fashion. â€Å"The Holy Family† was done during Catholic Counter-Reformation era. The Protestants mostly removed public art from religion and preferred that society moved towards secular styles. The

The Effect of World Agribusiness Trade on Arizona, or American Southwest Free Essay Example, 5000 words

GDP in agriculture in Arizona and other states as of 2006 Primary agriculture –livestock and crop production State Billion Dollars Percentage of industries GDP in State Arizona 1.21 0.5 Colorado 1.41 0.6 Florida 3.86 0.5 Texas 6.09 0.6 California 15.13 0.9 Kansas 2.44 2.2 Nebraska 3.66 4.9 Iowa 4.9 4.1 U. S 95.78 0.7 Statistics for the gross value added concept GDP is the only basis with comparable data. The table below shows that as of 2007, the Agricultural Census showed that 15,637 farms and ranches in Arizona utilized over 26 million acres of farm and ranch land. We will write a custom essay sample on The Effect of World Agribusiness Trade on Arizona, or American Southwest or any topic specifically for you Only $17.96 $11.86/pageorder now Apparently, it is over one-third of the total area of Arizona, and, also, an implication that the recorded farms are significantly higher than previous years. The average area farmed by specialty as recorded in the table entail that crop farm is one-fourth of the average for all plant production. The average for livestock farms is about 2,200 acres which is influenced by large cattle ranches (Moss et al. , 2012, 16-18). Therefore, the table indicates that international agribusiness and trade related issues in Arizona are improving in a positive perspective. Structural Data for Agriculture in Arizona as of 2007 Agriculture as a whole specialty Farm type All Livestock Plants Crops Number of farms 15,637 11,235 4,402 3,116 Land in farms, 1000 acres 26,118 24,526 1,590 282 Acres per farm 1,670 2,183 361 90 Source: Based on the 2007 agricultural census As per the table below, the 2012 Census of Agriculture has more than 20,000 farms and ranches spanning across the state of Arizona. The table entails that farmers and ranchers are the main managers of Arizona’s lands, where cropland and grazing land represents roughly three-quarters of the state’s land region. The North American Industry Classification System (NAICS) identifies farms by the commodity that they specialize in. The table also entails that the most prevalent type of agricultural operation in Arizona is operations specialized in animal aquaculture and other animal production. Thus, the effect of international agribusiness and trade related issues in Arizona have been affected in a positive point of view. Number of Farms in Arizona by Farm Type, 2012 Type of farm by NAICS Number of Farms Oilseed and grain farming 718 Vegetable and melon farming 1,625 Fruit and nut farming 877 Greenhouse, nursery and floriculture production 400 Cotton 195 Hay and other crops 1,294 All crop farms 5,109 Beef cattle ranching and farming and feedlots 4,215 Dairy cattle and milk production 102 Hog and pig farming 213 Poultry and egg production 267 Sheep and goat farming 4,593 Animal aquaculture and other animal production 5,506 All livestock farms 14,896 All Farms 20,005 Source: USDA, 2014, 2012 census of Agriculture-Arizona and County data.

Self-esteem and its effects on the academic performance of...

Self-Esteem and Academic Performance of Academia de Sophia International Junior High School Students Stephen Job M. Rimando TABLE OF CONTENTS Page Title Page †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 Acknowledgment †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2 Table of Contents †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3 List of Figures †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 List of Tables †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 CHAPTER I THE PROBLEM Background of the Study †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 7 Theoretical Framework †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 10 Paradigm of the Study†¦show more content†¦According to Purkey, some researches like Goldberg’s, Shaw and Alves’, Durr and Schmatz’s did show that underachievers are generally less confident and less ambitious, less self-accepting, and has a lack of sense of personal worth.Because students with low self-esteem have lower ambitions they tend to easily give up on the work they are assigned to do, this is why students with low self-esteem most of the time have bad academic performance. According to the research of Harris (2009) about the relationship of self-esteem and academic performance of African-American students in the minority engineering programs, she found out that self-esteem had a high correlation with academic performance as measured by the Coopersmith Self-Esteem Inventory Adult form (CSEI-A) and academic success. Furthermore, she concluded that it was similar to the results of Bankston Zhou (2002), Lockett Harrell (2003), Schmidt Padilla (2003), West, Fish Stevens (1980) except for the findings of Van Laar (2000) who reported little to no relationship between self-esteem and academic success in African American students. From the research of Dimar (2011), it shows that self-esteem and academic performance has an effect on Filipino students. It shows that females are more affected when it comes to academic performance. The study aims to know ifShow MoreRelatedSelf -Esteem and Student Success1511 Words   |  7 PagesThe Effects of Self-Esteem on Student Success Cristine Scott Central Michigan University CED 502 Student Development in Higher Education Mr. John Lalibertà © In today’s’ society, success is often measured by academic and professional achievement. Higher education provides more opportunity and freedom. Statistics verify that generally, the more highly educated have higher earnings and there is a significant difference between wages earned by employees with College degrees and those without. HigherRead MoreExtra-Curricular to Academic Performance of Various Organizations1258 Words   |  6 Pagesinstitution, success is measured by academic performance. Students were exposed to established a foundation and to meet the standards of school set-up. With that, education is the road to success in the working world. 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Teachers, in the education world, are considered as significant other in the life of their students and so, whatever their actions just like a parent toward theRead More Parental Involvement in Education and its Effects on Student Academic Performance1159 Words   |  5 PagesParental Involvement in Education and its Effects on Student Academic Performance Educational standards have recently become a controversial issue especially in secondary schools. One of the controversial issues surrounding educational standards is the lack of parental involvement. Various forms of parental involvement range from parental encouragement to parental partnership with the school. By examining parental involvement in secondary education, one can determine that positive parental

The Bible speaks of love Free Essays

The Bible speaks of love as a set of attitudes and actions that are far broader than the concept of love as an emotional attachment. Love is seen as a set of behaviors: â€Å"Place me like a seal over your heart, like a seal on your arm; for love is as strong as death, it’s jealously unyielding as the grave. It burns like a blazing fire, like a mighty flame. We will write a custom essay sample on The Bible speaks of love or any similar topic only for you Order Now Many waters cannot quench love; rivers cannot wash it away. If one were to give all the wealth of his house for love, it would be utterly scorned.† (Song of Solomon 8: 6-7) Setting the quote beside Faulkner’s A Rose for Emily, we see their differences stand out in stark contrast. The love as it exists in the story is very different from the love that the Bible talks about. In fact, they are polar opposites. While the love that the Bible talks about is steadfast and willing to fight, in does so in a manner that is reasonable and upright. The Bible speaks of an ideal love that is lucid, even as it enduring and powerful. The love that is portrayed in Faulkner’s story is a destructive obsession that drove the main character to commit murder. Emily’s deep loneliness stems from a childhood deprived of a loving home. Emily did not want for material things, but there was no warmth in her home. And she grew up longing for a genuine connection with another person. That is why she fell madly in love at the first man she had met. (Faulkner, 2002) Looking at Emily’s story, I wonder if she really fell in love. Can love ever spring from a place of fear? While I cannot fault Emily for it, she was desperately afraid of being alone.   She was willing to embrace the illusion of love, and hold on to it nail, tooth and claws. And when the man she wanted did not return her feelings, Emily did not let him go. Rather than face the truth and move on, Emily killed the man she â€Å"loved,† and carried the secret to her grave. I think that reflecting on the love that the Bible talks about is important. Indeed, true love fights and is enduring and passionate. But love should always bring out the best in us, not drive us to madness like what happened with Emily. We all fall into the illusion of love, because like Emily, most of us are so afraid of being alone. But love in its purest sense can never come from a place of fear. In such cases, love mutates into a dangerous obsession that can drive us to commit desperate acts. True love is always self-sacrificing. When you are in love, the welfare and happiness of your loved one always comes first. There is no room for revenge or spite for those whose hearts love deeply and purely. It will fight for true love and let go if that is what is necessary to make our loved ones happy. References: Bible. Song of Solomon. 8:6-7. NIV. Faulkner, William. â€Å"A Rose for Emily.† Literature: The Human Experience. 8th ed. Ed. Richard Abcarian and Marvin Klotz. Boston: Bedford, 666–672. 2002.                                                                         How to cite The Bible speaks of love, Essay examples

The Bible speaks of love Free Essays

The Bible speaks of love as a set of attitudes and actions that are far broader than the concept of love as an emotional attachment. Love is seen as a set of behaviors: â€Å"Place me like a seal over your heart, like a seal on your arm; for love is as strong as death, it’s jealously unyielding as the grave. It burns like a blazing fire, like a mighty flame. We will write a custom essay sample on The Bible speaks of love or any similar topic only for you Order Now Many waters cannot quench love; rivers cannot wash it away. If one were to give all the wealth of his house for love, it would be utterly scorned.† (Song of Solomon 8: 6-7) Setting the quote beside Faulkner’s A Rose for Emily, we see their differences stand out in stark contrast. The love as it exists in the story is very different from the love that the Bible talks about. In fact, they are polar opposites. While the love that the Bible talks about is steadfast and willing to fight, in does so in a manner that is reasonable and upright. The Bible speaks of an ideal love that is lucid, even as it enduring and powerful. The love that is portrayed in Faulkner’s story is a destructive obsession that drove the main character to commit murder. Emily’s deep loneliness stems from a childhood deprived of a loving home. Emily did not want for material things, but there was no warmth in her home. And she grew up longing for a genuine connection with another person. That is why she fell madly in love at the first man she had met. (Faulkner, 2002) Looking at Emily’s story, I wonder if she really fell in love. Can love ever spring from a place of fear? While I cannot fault Emily for it, she was desperately afraid of being alone.   She was willing to embrace the illusion of love, and hold on to it nail, tooth and claws. And when the man she wanted did not return her feelings, Emily did not let him go. Rather than face the truth and move on, Emily killed the man she â€Å"loved,† and carried the secret to her grave. I think that reflecting on the love that the Bible talks about is important. Indeed, true love fights and is enduring and passionate. But love should always bring out the best in us, not drive us to madness like what happened with Emily. We all fall into the illusion of love, because like Emily, most of us are so afraid of being alone. But love in its purest sense can never come from a place of fear. In such cases, love mutates into a dangerous obsession that can drive us to commit desperate acts. True love is always self-sacrificing. When you are in love, the welfare and happiness of your loved one always comes first. There is no room for revenge or spite for those whose hearts love deeply and purely. It will fight for true love and let go if that is what is necessary to make our loved ones happy. References: Bible. Song of Solomon. 8:6-7. NIV. Faulkner, William. â€Å"A Rose for Emily.† Literature: The Human Experience. 8th ed. Ed. Richard Abcarian and Marvin Klotz. Boston: Bedford, 666–672. 2002.                                                                         How to cite The Bible speaks of love, Essay examples