Example 9 (Mosaic Theory): John Doll is a research analyst for a hedge fund that also sells its research to aselect group of paying client investment firms. Doll’s focus is medical technologycompanies and products, and he has been in the business long enough and has been successfulenough to build up a very credible network of friends and experts in the business.Doll has been working on a major research report recommending Boyce Health, a medicaldevice manufacturer. He recently ran into an old acquaintance at a wedding who isa senior executive at Boyce, and Doll asked about the business. Doll was drawn toa statement that the executive, who has responsibilities in the new products area,made about a product: “I would not get too excited about the medium-term prospects;we have a lot of work to do first.” Doll incorporated this and other information aboutthe new Boyce product in his long-term recommendation of Boyce. 请问这个有无违反道德准则呢，书上未正面回答，谢谢老师。

请问casebook哪里可以拿到？

请问问题多久后回复呢，谢谢。

祝我好运吧

老师，能麻烦您在纸上帮我算下，objective1的数么？irr 和recovable分别交多少税？什么税？谢谢。

老师，forced heirship rule需要考虑遗产税么？如老婆分30%，老婆到手的数，也就是30%应该需要再把税减去吧？

老师，在个人ips里。in the coming year和next year代表是一个意思吧？？都是下一年的意思？

老师，human capital可能为负数么？human capital是 pv future earning-consumption么？

老师，此题不用帮忙算，就是我画红线那里帮忙解释。此题是bank，是贷款人角色。我想问，如果是借款人，这个题在红线那里，还是那个数吧？我理解如果是借款人，我借了的钱的总额，应为 借的本金+卖call收的钱-买put付的钱。我理解对么？谢谢老师解答。感谢

GIPS，case5，题目中4.第一句话，怎么看出题中表达的意思是托管费含在交易费之中，我理解的题目的意思是，gross of.fee，在交易费之后，在管理费和托管费之前。（纯英语问题）