Investor

An investor allocates capital with the expectation of a future financial return. Types of investments include: equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc. This definition makes no distinction between those in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns a stock is a shareholder.

Essential quality

The assumption of risk in anticipation of gain but recognizing a higher than average possibility of loss. The term "speculation" implies that a business or investment risk can be analyzed and measured, and its distinction from the term "investment" is one of degree of risk. It differs from gambling, which is based on random outcomes.

Investors can include stock traders but with this distinguishing characteristic: investors are owners of a company which entails responsibilities.

Types of investors

There are two types of investors, retail investors and institutional investors:

Investor AB

Investor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family through their Foundation Asset Management company FAM. The company owns a controlling stake in several large Swedish companies with smaller positions in a number of other firms. At year-end 2013 it had a market value of 190.9 billion kronor (€21.4 billion, $29.4 billion), a discount to the Net Asset Value of 11.4%.

Quick facts

December 31, 2013 (in SEK m.)

History

In 1916, new legislation made it more difficult for banks to own stocks in industrial companies on a long-term basis. Investor was formed as an investment part of Stockholms Enskilda Bank, at the time the largest instrument of power in the Wallenberg family.

Investments

Core investments

Investor held shares in the following companies as of 31 December 2013:
Listed companies

Vacation

A vacation or holiday is a leave of absence from a regular occupation, or a specific trip or journey, usually for the purpose of recreation or tourism. People often take a vacation during specific holiday observances, or for specific festivals or celebrations. Vacations are often spent with friends or family.

A person may take a longer break from work, such as a sabbatical, gap year, or career break.

The concept of taking a vacation is a recent invention, and has developed through the last two centuries. Historically, the idea of travel for recreation was a luxury that only wealthy people could afford (see Grand Tour). In the Puritan culture of early America, taking a break from work for reasons other than weekly observance of the Sabbath was frowned upon. However, the modern concept of vacation was led by a later religious movement encouraging spiritual retreat and recreation. The notion of breaking from work periodically took root among the middle and working class.

Etymology

In the United Kingdom, vacation once specifically referred to the long summer break taken by the law courts and then later the term was applied to universities. The custom was introduced by William the Conqueror from Normandy where it facilitated the grape harvest. In the past, many upper-class families moved to a summer home for part of the year, leaving their usual home vacant.

Vacation (The Go-Go's album)

Vacation is the second studio album by the American rock band The Go-Go's, released in 1982 on the I.R.S. Records label. The album reached No. 8 in the U.S. Billboard 200, and was certified gold. The title track was a U.S. summer smash, reaching No. 8 on the Billboard pop singles chart. The Go-Go's were riding high at the time of the album's first release, their future to all outward appearances looking bright. Future problems were beginning to take shape, as the members' drug use and internal fighting began to escalate.

Besides the title track, two more singles were pulled from the album at the time: "Get Up and Go" and "This Old Feeling", which were minor hits in the United States. A fourth song featured on the album, the cover version of the 1960s hit "Cool Jerk", appeared as a single in 1991 to promote the band's first compilation album, Greatest. The single "Vacation" was also issued as what was perhaps the first cassette single ever.

The song "Speeding," which is not on the album, is a Caffey/Wiedling composition that was used as B-side of the single for "Get Up and Go," and is also part of the movie Fast Times at Ridgemont High soundtrack.

Vacation (Alphabeat song)

"Vacation" is a song by Danish pop band Alphabeat, released on 12 March 2012 as the lead single from their third studio album, Express Non-Stop (2012). The song was originally intended to be released in the United States on the same date, but due to "faults in the system", it was ultimately released on 26 March 2012. The song peaked at number fifteen on the Danish Singles Chart. Alphabeat performed "Vacation" live on the season five finale of the Danish version of X Factor on 23 March 2012.

Track listing

Charts

Release history

References