Portfolio Manager's Review: The Superinvestor Report, May 2010 (FREE Sample Issue)

8/9/2019 Portfolio Manager's Review: The Superinvestor Report, May 2010 (FREE Sample Issue)

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4/118

4220,42?2 dp DfphimRthzp KKN) Okk tàj}~ tf~ftufm) loivokhe`mfo~nhl Lop 4=+ 42?2 Roaf = he ??:

Fm`}ht~ Nhllfi}otp

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oaoì ~jìf o ~rh}kàj} hi }jf }hr `mfo~ he }hr ìuf~}lfi} loioaft~ @i~`mf+ phvkk

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Qf ok~h mto phvt o}}fi}`hi }h }jf ehkkhìa eùf ìuf~}lfi} noim`mo}f~7

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etoinj`~f~ ì lfm`no}`hi mfkùftp+ jflhrj`kò oim c`mifp }jftor`f~ Q`}j o mffr

mtva r`rfkìf oim y42& he tfufivf ethl mfufkhrìa nhvi}t`f~+ rth~rfn}~ eht htaoi`n

ath}j orrfot eouhtodkf Qj`kf V^ jfok}jnotf tfehtl `~ rtf~~vtìa rthe`}od`k`}p+

Doz}ft ~jhvkm rtf~ftuf ath~~ lotaì~ huft }`lf mvf }h }jf ~}tfia}j he `}~ rthmvn}~

]jf ~jotf~ otf mhi >2& ~ìnf Lotnj >?~} oim }tomf o} oi fi}`nìa ?2z 42?2F FR^

Nhllftnòk kfimft Nor`}ok^hvtnf *N^F) ommfm tf}o`k mfrh~`}~ ì 422: oim

loioafm }h f~norf }jf eo}f he nhlrf}`}ht N@] Athvr Rtf,rthu`~`hi fotiìa~ jouf

athi oim ~jhvkm fznffm ntfm`},tfko}fm njotaf~ dp ifz} pfot ]jf nhlroip jo~

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df o~nt`dìa ~vee`n`fi} uokvf }h }jf fotiìa rhft he }jf Nor`}ok^hvtnf etoinj`~f

^vrftìuf~}ht ~jotfjhkmft~ ìnkvmf Dovrh~} Athvr oim Rodto` Evim~

M`tfn]U *M]U) eonf~ ~hlf jfomìm~ ì }ftl~ he ~vd~nt`dft onqv`~`}`hi nh~}~

oim njvti ì }jf tfko}ùfkp lo}vtf V^ rop,]U lotcf} Jhfuft+ }jf dv~ìf~~ jo~

athi ì o foc fnhihlp oim ENE jo~ ìntfo~fm ]jf ~jotf~ }tomf o} o }to`kìa ENE

p`fkm he 0&+ oim }jf nhlroip orrfot~ k`cfkp }h tf}vti no~j }h ~jotfjhkmft~ Tf}vti~

}h fqv`}p jhkmft~ nhvkm df fijoinfm dp ommìa dokoinf ~jff} kfuftoaf ^vrftìuf~}ht

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Roncoaìa rthu`mft ^fokfm O`t *^FF) khhc~ ~f} }h ath ENE ì 42?2 oe}ft

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*?>z 42?2F FR^) Qf eìm }j`~ uokvo}`hi ih}fht}jp mvf }h ^fokfm O`t~ mfefi~`dkf

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nhinfi}to}fm fqv`}p rht}ehk`h Flo`k v~ o} fm`}htBloivokhe`mfo~nhl

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Rht}ehk`h~ Q`}j ^àiok Uokvf

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^àiok uokvf o~ hrrh~fm }h ih`~f Qf rtf~fi} }jf

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ìuf~}ht~ jh jouf olo~~fm `lrtf~~ùf }tonc tfnhtm~ huft

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}h ouh`m }jf ih`~f ìjftfi} ì lh~} ?>E,JT e`kìa~

]hr ìuf~}ht~ ìnkvmfm ì }j`~ ~fn}`hi7

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gvmafm dp }jf LH@

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o ivldft he uotòdkf~+ ìnkvmìa }jf ~`wf he o rh~`}`hi ì oi

ìuf~}ht~ rht}ehk`h+ }jf ~`wf he o rh~`}`hi tfko}ùf }h }jf

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qvot}ftkp njoiaf ì }jf ivldft he ~jotf~ hifm+ oim }jf

njoiaf ì }jf ~}hnc rt`nf he o rh~`}`hi ~ìnf }jf lh~} tfnfi}

qvot}ftkp e`kìa mo}f

Eht fzolrkf+ oi ìuf~}ht làj} jouf }jf lh~}

nhiu`n}`hi ì o rh~`}`hi }jo} `~ hikp }jf }fi}j,kotaf~}

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?00& he }jf ~jotf~ hv}~}oimìa he }jf ~vdgfn} nhlroip+

~vaaf~}ìa o jàj kfufk he nhiu`n}`hi Hvt f~}`lo}f he }jf

nhiu`n}`hi kfufk hvkm t`~f evt}jft è }jf ~vdgfn} nhlroip

jo~ o 42& rh`~hi,r`kk }jtf~jhkm+ }jftfdp ~vaaf~}ìa }jo} }jf

ìuf~}ht jo~ dhvaj} o~ lvnj he }jf ~vdgfn} nhlroip o~ `~

rton}`nokkp efo~`dkf


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D`kk Oncloi+ Rft~jìa ^qvotf

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6 Dhtmft~ Athvr ( DAR ?5? 450 65& ?2+60: 2& ?:& ;?& ?5z 5z ?2z

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: ]otaf} ( ]A] =>+151 66?1 6& 42+5:5 ,?& >& >=& ?=z ?>z 40z

]hr Jhkmìa~ he Rft~jìa ^qvotf Dp Mhkkot Uokvf



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4 Ctoe} Ehhm~ ( CE] 64+>61 >22> ,?& >4+:2? if 4& 40& ?6z ?>z i(l

> Pvl/ Dtoim~ ( PVL ?:+05= =261 5& ?6+422 9?22& >& ?:& ?5z ?6z i(l

= Afiftok Ath}j ( AAR =+52? ?=62 ,?2& 4>+06= 2& :& ?2& i(o i(o 900z

6 Nhttfn}`hi~ Nhtr ( NZQ 4+>?0 42>0 >& ?2+0>1 2& ?2& 1& ?1z ?5z ?5z

5 Koimtp!~ Tf~}ovtoi}~ ( KIP >56 44=1 46& ?+66= 2& ?2& ?& 02z =>z ?6z

1 Dhtmft~ Athvr ( DAR ?5? 450 65& ?2+60: 2& ?:& ;?& ?5z 5z ?2z: Atffikàj} Tf ( AKTF 026 4=:6 ,1& 462 2& ;?& ;?& i(o i(o ?>z

If Rh~`}`hi~ ^hkm Hv} Rh~`}`hi~

Ctoe} Ehhm~ ( CE] Ov}hlo}`n Mo}o ( OMR

Jpo}} Jh}fk~ ( J

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf ->= d`kk`hi

]hr ?2 o~ & he rht}ehk`h ?22&

Lfmòi lotcf} uokvf -6: d`kk`hi

Ouftoaf lotcf} uokvf -?6 d`kk`hi

Lfmòi R(F *}j`~ EP) ?5z

Lfmòi R(F *ifz} EP) ?6z

Lfmòi R ( }oia`dkf dhhc ?6z

'Do~fm hi fqv`}p jhkmìa~ m`~nkh~fm ì ?>E,JT e`kìa~ `}j }jf ^FN Fznkvmf~

rht}ehk`h no~j+ kfuftoaf+ nft}oì ihi,V^ jhkmìa~+ oim ihi,fqv`}p ~fnvt`}`f~

^ftu`nf~1?&

Nhi~vlft

Ihi,Npnk`nok

40&


7/118


Wfcf O~j}hi+ Nfi}ovt

Wfcf O~j}hi `~ ehvimft oim loioaìa rot}ift he Nfi}ovt Nor`}ok+ o Mokko~,do~fm ìuf~}lfi} e`tl Nfi}ovt Nor`}ok ~ftuf~ o~omu`~ht }h }jf Nfi}ovt eol`kp he rtùo}f rot}ift~j`r~ v~ìa o uokvf,ht`fi}fm khia(~jht} fqv`}p ~}to}fap Nfi}ovt `~ ok~h }jf~vd,omu`~ht }h }jf ]`k~hi Mù`mfim Evim+ o lv}vok evim v}`k`wìa oi ìnhlf,ht`fi}fm uokvf ìuf~}ìa ~}to}fap

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Nfi}ovt



? FLN ( FLN >:+?1> ?:61 >& 4>2 if ;?& :& ?5z ?=z 1?z

4 E`mfk`}p Io}`hiok ( EIE >+>14 ?=5: ,?& 40: >2& ;?& :& ?1z ?>z 41z

> Okkfajoip ( P 4+12> 40252 2& ?5 4& ;?& :& ?1z ?1z ?2z

= Rf}^lot} ( RF]L =+2?2 >>41 =& 0> if ;?& 5& ?:z ?5z >6z

6 LUN Nor`}ok ( LUN >=2 ?=22 >& >?> 2& ?& :& 4>z >?z :z

5 fDop ( FDOP 40+2:2 4446 ,?:& ?20 0=& ;?& =& ?>z ?4z =2z

1 Dàkot` Jhkmìa~ ( DJ ==? >2122 ,?0& 5 00& ;?& >& i(o i(o ?5z

: Uhmoehif ( UHM ?2+>0? ?01= ,?6& ?42 9?22& ;?& =& :z :z 1z

0 Aolf^}hr ( ALF >+>>0 4?:6 2& >1 if ;?& 4& :z :z 56z

?2 Mòlhim J`kk @iuf~} ( MJ@K ?0> 501= 4& ?= if ;?& 4& ?1z ?5z :=z

]hr Jhkmìa~ he Nfi}ovt Dp Mhkkot Uokvf



? Kod Nhtr he Olft`no ( KJ :+261 11=1 4& 52 ,4>& ;?& 0& ?=z ?>z i(l

4 Okkfajoip ( P 4+12> 40252 2& ?5 4& ;?& :& ?1z ?1z ?2z

> LUN Nor`}ok ( LUN >=2 ?=22 >& >?> 2& ?& :& 4>z >?z :z

= E`mfk`}p Io}`hiok ( EIE >+>14 ?=5: ,?& 40: >2& ;?& :& ?1z ?>z 41z

6 FLN ( FLN >:+?1> ?:61 >& 4>2 if ;?& :& ?5z ?=z 1?z

5 Iht}jthr Atvlloi ( IHN ?0+25> 5>40 ,>& 5? ,?=& ;?& 1& ??z 0z i(l

1 Rf}^lot} ( RF]L =+2?2 >>41 =& 0> if ;?& 5& ?:z ?5z >6z

: Nj`rh}kf ( NLA =+>5? ?>:5? 4>& ?0 ,6=& ;?& 6& 4:z 4=z 5?z0 Nor`}ok ^hv}jf~} ( N^QN >6> 0=== =& 41 2& ;?& 6& i(o i(o :z

?2 fDop ( FDOP 40+2:2 4446 ,?:& ?20 0=& ;?& =& ?>z ?4z =2z


Mòlhim J`kk @iuf~} ( MJ@K

FLN ( FLN

Aolf^}hr ( ALF

Atou`}p ( ATUP

L@IM N]@ ( LIMH

Rf}^lot} ( RF]L

N`~nh p~}fl~ ( N^NH

Ehh} Khncft ( EK

RE Njoia!~ ( REND

^fodt`maf Ahkm ( Ô

^RMT Ahkm ]tv~} ( AKM

Pojhh/ ( PJHH

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf -6= l`kk`hi

]hr ?2 o~ & he rht}ehk`h 5:&

Lfmòi lotcf} uokvf ->> d`kk`hi

Ouftoaf lotcf} uokvf -4> d`kk`hi


Lfmòi R(F *ifz} EP) ?>z


'Do~fm hi ìehtlo}`hi rthu`mfm }h ]jf Loivok he @mfo~ Fznkvmf~ rht}ehk`h

no~j+ nft}oì ihi,V^ jhkmìa~+ oim ihi,fqv`}p ~fnvt`} `f~ *fznfr} hr}`hi~)

Eìoinòk>?&

^ftu`nf~41&

]fnjihkhap?2&

H}jft>4&


8/118

4220,42?2 dp DfphimRthzp KKN) Okk tàj}~ tf~ftufm) loivokhe`mfo~nhl Lop 4=+ 42?2 Roaf : he ??:

Dtòi Dotf~+ Dotf~ Nor`}ok

Dtòi Dotf~ ~}ot}fm j`~ ìuf~}lfi} e`tl+ Dotf~ Nor`}ok Loioaflfi}+ ì 4222+ ehnv~ìa ì`}òkkp hi l`nth,nor rvdk`nnhlroi`f~ ]jf e`tl kovinjfm o ~lokk,nor ì~}`}v} hiok ~}to}fap ì 422? oim ih loioaf~ o~~f}~ ì }h uokvf,ht`fi}fm~}to}fa`f~ Dotf~ Nor`}ok Loioaflfi} `~ qv`}f vi`qvf ì }jf ì~}`}v}`hiok o~~f} loioaflfi} htkm+ o~ `} jo~ omjftfm }h om`~n`rkìfm dv~ìf~~ ~}to}fap+ k`l`}ìa }jf ath}j he o~~f}~ vimft loioaflfi} }h dfife`} ìuf~}lfi} rftehtloinf Dh}j heDotf~~ ì~}`}v}`hiok ~}to}fa f~ jouf dfo}fi }jf`t tf~rfn}ùf dfinjlotc ìm`nf~ dp `mf lotaì~ ~ìnf ìnfr}`hi

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Dotf~ Nor`}ok Loioaflfi}



? @i}ftio}`hiok O~~f}~ ( @OON 40= ?515 ?4& ?+014 >4& ??& ?4& 0>z 44z ?>z

4 Jokklotc Eìoinòk ( JOKK 445 ??4= 46& 4+2>> =1& ?2& :& ??z ?2z ?=z

> @i}fton}ùf @i}fkk ( @I@I >>> ?046 >& 4+=:: 2& ?=& ?1& ?1z ?1z =5z

= ]oimp Kfo}jft ( ]KE =6 ==2 ?4& ?+5=> 2& ?5& >& i(o i(o ?=z

6 Qìlotc ( Q@IO ?64 >2=4 >?& :=6 ?& ?1& 0& 4?z ?0z :0z

5 Olft`noi Rvdk`n Fm ( ORF@ :46 ==0= ,=& ?5= >=& ;?& >& 45z ?0z 900z

1 ]toufkNfi}ft~ ( ]O 6> >2: ,?>& >2 if ;?& ;?& i(l i(o 4z

: Olft`noi Mfi}ok ( OMR@ ?0> ?440 ,5& ?+22= 2& 5& =& ?:z ?6z i(l

0 Fzfkhi ( FZN 41+6>> =?5: ,6& 1 if ;?& ;?& ??z ?2z 46z

?2 Qf~}fti Vi`hi ( QV ??+?:6 ?55= ,4& >6 if ;?& ;?& ?>z ??z i(l

]hr Jhkmìa~ he Dotf~ Nor`}ok Loioaflfi} Dp Mhkkot Uokvf



? @i}fton}ùf @i}fkk ( @I@I >>> ?046 >& 4+=:: 2& ?=& ?1& ?1z ?1z =5z

4 @i}ftio}`hiok O~~f}~ ( @OON 40= ?515 ?4& ?+014 >4& ??& ?4& 0>z 44z ?>z

> Qìlotc ( Q@IO ?64 >2=4 >?& :=6 ?& ?1& 0& 4?z ?0z :0z

= Jokklotc Eìoinòk ( JOKK 445 ??4= 46& 4+2>> =1& ?2& :& ??z ?2z ?=z

6 ^}to}o~p~ ( ^^P^ =00 4=>= 2& :61 ,=?& =& :& >0z 4:z >0z

5 Olft`noi Mfi}ok ( OMR@ ?0> ?440 ,5& ?+22= 2& 5& =& ?:z ?6z i(l

1 Tfi}toc ( TFI] 45= 4=05 ?5& =0> 2& 6& =& 900z >>z 6>z: ^}olr~nhl ( ^]LR ?6= ?2:2 1& ?+24= 2& 1& =& ?1z ?=z 4>z

0 V}oj Lfm`nok ( V]LM ?24 4:20 2& >40 ?& 0& >& i(o i(o >>z

?2 Olft`noi Rvdk`n Fm ( ORF@ :46 ==0= ,=& ?5= >=& ;?& >& 45z ?0z 900z


Fzfkhi ( FZN

JF@NH Nhtr ( JF@

Hlfao Ekfz ( HEKZ

]toufkNfi}ft~ ( ]O

Qf~}fti Vi`hi ( QV

Ihif

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf -416 l`kk`hi

]hr ?2 o~ & he rht}ehk`h 1=&

Lfmòi lotcf} uokvf -?0 d`kk`hi

Ouftoaf lotcf} uokvf -42 d`kk`hi

Lfmòi R(F *}j`~ EP) 42z


Lfmòi R ( }oia`dkf dhhc 4>z



Eìoinòk>6&

]fnjihkhap40&

^ftu`nf~4?&

H}jft

?6&


9/118


Dtvnf Dftch`}w+ Eo`tjhklf

Dtvnf Dftch`}w+ loioaft he ]jf Eo`tjhklf Evim+ jo~ dffi hif he }jf lh~} ~vnnf~~evk uokvf,ht`fi}fm ìuf~}ht~ he }jf ro~}mfnomf Ethl ìnfr}`hi hi Mfnfldft 40+ ?000 }jthvaj Mfnfldft >?+ 4220+ ]jf Eo`tjhklf Evim mfkùftfm o nvlvko} uftf}vti+ if} he fzrfi~f~+ he 46>&+ uft~v~ o tf}vti he ,0&+ dfehtf fzrfi~f~+ eht }jf ^%R 622 @imfz ]j`~ }toi~ko}f~ ì}hoiivok`wfm rftehtloinf he ?>=& oim ,20& eht ]jf Eo`tjhklf Evim oim }jf ^%R 622 @imfz+ tf~rfn}ùfkp

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Eo`tjhklf



? O@A ( O@A 45+62? >014 ?5& 46+=5: if =& 0& ?4z 0z 900z

4 T^N Jhkmìa~ ( TTT :1: :=0 1& ?=+>=? >>& ?=& ?& i(l =6z i(l

> Doic he Olft`no ( DON ?5>+0>: ?5>= ,:& >0+>?2 if ;?& 5& ?5z 0z ?1z

= N`}àthvr ( N ??6+>=2 >0: ,4& 441+=5? 5& ;?& :& ?4z 0z ?2z

6 Qì}jthr Tfok}p ( EVT 452 ?440 4& =+:>? ?4& 4>& ;?& ?5z ?6z ?>z

5 Dftc~j`tf Jo}joop ( DTCO ?::+>02 ??=+?62 ,5& 5 64& ;?& 1& 42z ?0z ?0z

1 Tfa`hi~ Eìoinòk ( TE 0+:62 :45 6& 16+:?5 16& 5& 5& i(l >?z ?>z

: Kfvnomò Io}`hiok ( KVC 6+510 4>>= ,5& 42+>24 2& :& =& i(o i(o ?>z

0 Nhlno~} ( NLNÔ =0+55? ?152 ,1& >2+444 4:& ?& 6& ?=z ?>z i(l

?2 ^} Ghf ( GHF 4+1>1 406> ,0& 45+100 2& 40& 1& i(l i(l >?z

]hr Jhkmìa~ he Eo`tjhklf Dp Mhkkot Uokvf



? ^fot~ Jhkmìa~ ( ^JKM ?4+==? ?2:>= 2& ?=+1?= ,4& ?>& ?6& >0z >6z 4:z

4 O@A ( O@A 45+62? >014 ?5& 46+=5: if =& 0& ?4z 0z 900z

> N`}àthvr ( N ??6+>=2 >0: ,4& 441+=5? 5& ;?& :& ?4z 0z ?2z

= ^} Ghf ( GHF 4+1>1 406> ,0& 45+100 2& 40& 1& i(l i(l >?z

6 Jvloio ( JVL 1+1:1 =616 ,4& ?6+100 ,?& 0& 1& :z 0z 42z

5 Dftc~j`tf Jo}joop ( DTCO ?::+>02 ??=+?62 ,5& 5 64& ;?& 1& 42z ?0z ?0z

1 Jft}w ( J]W 6+2=2 ?44= 4>& 65+?10 ,6& ?=& 5& 41z ?5z i(l

: Doic he Olft`no ( DON ?5>+0>: ?5>= ,:& >0+>?2 if ;?& 5& ?5z 0z ?1z0 Tfa`hi~ Eìoinòk ( TE 0+:62 :45 6& 16+:?5 16& 5& 5& i(l >?z ?>z

?2 Olft`Ntfm`} ( ONE 4+066 4?05 ,:& 4:+42= ,42& 4?& 5& ?1z ?5z ?>z


O@A ( O@A

Doic he Olft`no ( DON

Dt`~}hk Lpft~ qv`dd ( DLP

Nhno,Nhko ( CH

Ehtf~} Kod~ ( ETZ

Lot~jokk % @k~kfp ( L@

Rfii Qf~} Fiftap ( RQF

Re`wft ( REF

Vi`}fm Tfi}ok~ ( VT@

QfkkRhì} ( QKR

Qj`}f Lhvi}oì~ ( Q]L

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf -?? d`kk`hi]hr ?2 o~ & he rht}ehk`h 11&

Lfmòi lotcf} uokvf -11 d`kk`hi

Ouftoaf lotcf} uokvf ->= d`kk`hi



Lfmòi R ( }oia`dkf dhhc ?:z



Eìoinòk66&

^ftu`nf~>5&

Nor`}okAhhm~6&

H}jft=&


10/118

4220,42?2 dp DfphimRthzp KKN) Okk tàj}~ tf~ftufm) loivokhe`mfo~nhl Lop 4=+ 42?2 Roaf ?2 he ??:

T`njotm Dtffmfi+ Dtffmfi Nor`}ok

T`njotm N Dtffmfi+ dhti ì ?0=0+ `~ o ehtlft Njo`tloi he }jf V^ ^fnvt`}`f~ oim Fznjoiaf Nhll`~~`hi Dtffmfi ehvimfmDtffmfi Nor`}ok Loioaflfi} ì 4225 ]jf evim orrk`f~ o nhinfi}to}fm+ on}ù`~} ìuf~}lfi} orrthonj

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Dtffmfi Nor`}ok

Lotcf} Rt`nf ^jotf~ Hifm Jhkmìa~ R(F *F~}) Rt`nf(Uokvf Tfnfi} ethl Tfnfi} ethl o~ & he ]j`~ Ifz} ]oia

Nhlroip ( ]`ncft *-li) *-) Lot >? *!222) Mfn >? Nh Evim' EP EP Dhhc

? Dokkp ]fnjihkha`f~ ( DP@ 4+62= =6>0 ?4& 4+=5= 01& =& 0& 4?z ?1z 11z

4 Ohi Nhtr ( OHI ??+4?? =?5? ,>& ?+=:: if ;?& 6& ?>z ?4z i(l

> J`kkfidtoim ( J@ ?+616 46>2 ?6& 6+250 4:& :& ??& ?=z ?4z =1z

= J%T Dkhnc ( JTD 6+6:1 ?501 ,6& ?>+404 2& =& ?0& ?4z ??z i(l

6 ^}ft`~ ( ^]F ?+06= >>2= ,4& 6+251 2& 0& ?=& ?6z ?>z =>z

5 Wokf ( WKN 05 40: 0& 0+21? 2& 4:& 4& i(l i(l =z

1 Mvi % Dtom~}tff} ( MID >+11: 1=0: ?& ?+401 04& >& :& ?>z ?4z i(l

: Top}jfhi ( T]I 4?+=54 65>4 ,?& ?+6=1 ==& ;?& 1& ??z ??z i(l

0 Dvtaft Cìa ( DCN 4+124 ?00? ,5& =+>65 0& >& 1& ?6z ?>z 900z

?2 Jf`}} O~~hnò}f~ ( JFQ >+61? >:>1 ,=& ?+24? 2& ?& >& ?>z ?4z :1z

]hr Jhkmìa~ he Dtffmfi Nor`}ok Dp Mhkkot Uokvf



? J%T Dkhnc ( JTD 6+6:1 ?501 ,6& ?>+404 2& =& ?0& ?4z ??z i(l

4 ^}ft`~ ( ^]F ?+06= >>2= ,4& 6+251 2& 0& ?=& ?6z ?>z =>z

> Jfklft`nj % Ropif ( JR >+01? >165 ,?& >+5:0 ,??& >& ??& ?5z ?6z ?=z

= J`kkfidtoim ( J@ ?+616 46>2 ?6& 6+250 4:& :& ??& ?=z ?4z =1z

6 Dokkp ]fnjihkha`f~ ( DP@ 4+62= =6>0 ?4& 4+=5= 01& =& 0& 4?z ?1z 11z

5 Mvi % Dtom~}tff} ( MID >+11: 1=0: ?& ?+401 04& >& :& ?>z ?4z i(l

1 Top}jfhi ( T]I 4?+=54 65>4 ,?& ?+6=1 ==& ;?& 1& ??z ??z i(l

: Dvtaft Cìa ( DCN 4+124 ?00? ,5& =+>65 0& >& 1& ?6z ?>z 900z0 Ohi Nhtr ( OHI ??+4?? =?5? ,>& ?+=:: if ;?& 6& ?>z ?4z i(l

?2 Jf`}} O~~hnò}f~ ( JFQ >+61? >:>1 ,=& ?+24? 2& ?& >& ?>z ?4z :1z


Ohi Nhtr ( OHI Ihif

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf -?4 d`kk`hi


Lfmòi lotcf} uokvf ->4 d`kk`hi

Ouftoaf lotcf} uokvf -=0 d`kk`hi

Lfmòi R(F *}j`~ EP) ?=z


Lfmòi R ( }oia`dkf dhhc =6z



^ftu`nf~=2&

Jfok}j Notf?6&

Eìoinòk?>&

H}jft

>4&


11/118

4220,42?2 dp DfphimRthzp KKN) Okk tàj}~ tf~ftufm) loivokhe`mfo~nhl Lop 4=+ 42?2 Roaf ?? he ??:

Qottfi Dveef}}+ Dftc~j`tf Jo}joop

Qottfi Dveef}} jo~ dv`k} oi virotokkfkfm ìuf~}lfi} }tonc tfnhtm huft ~fuftok mfnomf~+ dfnhlìa `mfkp tfaotmfm o~ }jf df~}ìuf~}ht he okk }`lf Dveef}} jo~ fldtonfm o khia }ftl,ht`fi}fm ìuf~}lfi} orrthonj `}j oi flrjo~`~ hi ìuf~}ìa ìnhlroi`f~ `}j mvtodkf nhlrf}`}ùf omuoi}oaf+ jàj tf}vti~ hi nor`}ok flrkhpfm+ oim ~jotfjhkmft,et`fimkp loioaflfi}

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Dftc~j`tf Jo}joop



? Qf~nh Eìoinòk ( Q^N 4+5?1 >5162 ,6& 6+12> 2& :2& =& i(o i(o ??z

4 Nhno,Nhko ( CH ?4>+224 6>>= ,>& 422+222 2& 0& 4?& ?6z ?=z 0:z

> Olft`noi Fzrtf~~ ( OZR =:+:?0 =25= ,4& ?6?+5?? 2& ?>& ?4& ?=z ?4z >5z

= Nhlm`~nh ( NMNH >6 :52 2& ?+6>: 2& >:& ;?& i(o i(o :z

6 Qfkk~ Eotah ( QEN ?55+0>> >42= >& >42+2:: 2& 5& 42& ?1z ??z >?z

5 Qo~jìa}hi Rh~} ( QRH =+5?1 62?:5 ?>& ?+14: 2& ?0& 4& 4=z ?:z =0z

1 VÂ ( VÂ 4+2:= 4206 44& ?1+214 2& ?1& ;?& i(l i(l 4:z

: Qok,Lot} ( QL] ?06+042 64?4 ,5& >0+2>1 2& ?& =& ?>z ?4z >5z

0 V^ Doinhtr ( V^D =:+022 466? ,?& 50+2>0 2& =& >& ?5z ??z >:z

?2 Ioknh Jhkmìa ( IKN >+>=? 4=?5 ,?& 0+222 2& 1& ;?& ?1z ?=z i(l

]hr Jhkmìa~ he Dftc~j`tf Jo}joop Dp Mhkkot Uokvf



? Nhno,Nhko ( CH ?4>+224 6>>= ,>& 422+222 2& 0& 4?& ?6z ?=z 0:z

4 Qfkk~ Eotah ( QEN ?55+0>> >42= >& >42+2:: 2& 5& 42& ?1z ??z >?z

> Olft`noi Fzrtf~~ ( OZR =:+:?0 =25= ,4& ?6?+5?? 2& ?>& ?4& ?=z ?4z >5z

= Rthn}ft % Aoldkf ( RA ?:2+?20 546= ,?& 10+201 ,?2& >& ?2& ?6z ?5z i(l

6 Ctoe} Ehhm~ ( CE] 64+>61 >22> ,?& ?25+1>6 ,4>& 5& 5& ?6z ?>z i(l

5 Qf~nh Eìoinòk ( Q^N 4+5?1 >5162 ,6& 6+12> 2& :2& =& i(o i(o ??z

1 Qok,Lot} ( QL] ?06+042 64?4 ,5& >0+2>1 2& ?& =& ?>z ?4z >5z

: NhihnhRj`kk`r~ ( NHR :6+454 66:= 0& >=+?10 ,0& 4& =& 0z 1z ?6z0 V^ Doinhtr ( V^D =:+022 466? ,?& 50+2>0 2& =& >& ?5z ??z >:z

?2 Ghji~hi % Ghji~hi ( GIG ?15+=>= 5>01 ,4& 4>+:0? ,?4& ;?& >& ?>z ?4z :>z


Ihif ^vi]tv~} Doic~ ( ^]@

]toufkft~ ( ]TU

Vi`}fmJfok}j ( VIJ

QfkkRhì} ( QKR

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~+

Rht}ehk`h ~`wf -62 d`kk`hi

]hr ?2 o~ & he rht}ehk`h ::&


Ouftoaf lotcf} uokvf -5> d`kk`hi



Lfmòi R ( }oia`dkf dhhc >2z



''O kotaf rht}`hi he Dftc~j`tf~ o~~f} uokvf lop df o}}t`dv}fm }h jhkmìa~ }jo}

otf ih} rvdk`nkp }tomfm oim otf }jftfehtf ih} ~jhi ì }jf njot} ht }odkf~

Eìoinòk=4&

Nhi~vlftIhi,

Npnk`nok>:&

^ftu`nf~?2&

H}jft??&


12/118


@oi Nvllìa % Ghf ^}fìdfta+ Kfvnomò

Njo`tloi Nvllìa oim Rtf~`mfi} ^}fìdfta mf~nt`df }jf`t orrthonj ì o 422: kf}}ft7 Qf }fim }h df dvpft~ he o~~f}~ oimnhlroi`f~ }jo} otf }thvdkfm ht hv} he eouht oim o~ o tf~vk} otf ~fkkìa ~vd~}oi}òkkp dfkh }jf uokvf~+ j`nj f dfk`fuf+ otf}jftf Ethl }`lf }h }`lf+ f ~fkk rot}~ he }jf~f hrfto}`hi~ jfi rt`nf~ ouo`kodkf ì }jf lotcf} tfonj jo} f dfk`fuf }h dfomuoi}oafhv~ kfufk~ Qj`kf f otf ih} rftefn} ì fzfnv}ìa }j`~ ~}to}fap+ f otf rthvm he hvt khia,}ftl }tonc tfnhtm Qf otfih} ìnhlf ~}o}flfi} mtùfi oim mh ih} tvi phvt nhlroip `}j oi vimvf flrjo~`~ hi f`}jft qvot}ftkp ht oiivok fotiìa~Qf dfk`fuf f otf nhi~ftuo}ùf ì hvt onnhvi}ìa rton}`nf~ oim rhk`n`f~ oim }jo} hvt dokoinf ~jff} `~ nhi~ftuo}ùfkp ~}o}fm

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Kfvnomò



? Olft`Ntfm`} ( ONE 4+066 4?05 ,:& >>+022 ?& 46& >1& ?1z ?5z ?>z

4 ]toufkNfi}ft~ ( ]O 6> >2: ,?>& 416 2& 4& ;?& i(l i(o 4z

> Fimouf ( FIQU 4: 4:: 6& 12 if ;?& ;?& i(l i(l ?2z

= Nor`}ok ^hv}jf~} ( N^QN >6> 0=== =& 42 2& ;?& ;?& i(o i(o :z

6 Gfeeft`f~ ( GFE =+>1= 46=6 :& =:+6:6 2& 4:& 54& ?1z ?6z 44z

5 @i}ftio}`hiok O~~f}~ ( @OON 40= ?515 ?4& ?+>:6 2& :& ?& 0>z 44z ?>z

1 L`kkfii`vl @imò ( ^LNA ?: 4?1 >4& ?42 if ?& ;?& i(o i(o 6z

]hr Jhkmìa~ he Kfvnomò Dp Mhkkot Uokvf



? Gfeeft`f~ ( GFE =+>1= 46=6 :& =:+6:6 2& 4:& 54& ?1z ?6z 44z

4 Olft`Ntfm`} ( ONE 4+066 4?05 ,:& >>+022 ?& 46& >1& ?1z ?5z ?>z

> @i}ftio}`hiok O~~f}~ ( @OON 40= ?515 ?4& ?+>:6 2& :& ?& 0>z 44z ?>z

= Nor`}ok ^hv}jf~} ( N^QN >6> 0=== =& 42 2& ;?& ;?& i(o i(o :z

6 ]toufkNfi}ft~ ( ]O 6> >2: ,?>& 416 2& 4& ;?& i(l i(o 4z

5 L`kkfii`vl @imò ( ^LNA ?: 4?1 >4& ?42 if ?& ;?& i(o i(o 6z

1 Fimouf ( FIQU 4: 4:: 6& 12 if ;?& ;?& i(l i(l ?2z


Fimouf ( FIQU

L`kkfii`vl @imò ( LNA

Ihif

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~+


]hr ?2 o~ & he rht}ehk`h ?22&

Lfmòi lotcf} uokvf -40= l`kk`hi







''O kotaf rht}`hi he Kfvnomò~ o~~f} uokvf lop df o}}t`dv}fm }h jhkmìa~ }jo}

otf ih} rvdk`nkp }tomfm oim otf }jftfehtf ih} ~jhi ì }jf njot} ht }odkf~

Eìoinòk?22&

^ftu`nf~2&


13/118

4220,42?2 dp DfphimRthzp KKN) Okk tàj}~ tf~ftufm) loivokhe`mfo~nhl Lop 4=+ 42?2 Roaf ?> he ??:

Mou`m Fìjhti+ Atffikàj}

Mou`m Fìjhti `~ }jf ehvimft he Atffikàj} Nor`}ok+ o uokvf,ht`fi}fm+ tf~fotnj,mtùfi ìuf~}lfi} e`tl `}j o lotcf},dfo}ìakhia,}ftl }tonc tfnhtm Ethl ìnfr}`hi ì Lop ?005 }jthvaj pfotfim 4220+ Atffikàj} Nor`}ok jo~ tf}vtifm+ if} he eff~ oimfzrfi~f~+ ?+>01& nvlvko}ùfkp ht 44& oiivok`wfm Jf `~ ok~h ov}jht heEhhkìa ^hlf he }jf Rfhrkf Okk he }jf ]`lf

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Atffikàj}



? N@] Athvr ( N@] 1+514 >:>6 ,4& ?2+602 5:& 6& ?>& >=z ?=z 0z

4 Re`wft ( REF ?>2+12? ?542 ,5& ?:+?6= 4>& ;?& ?2& 1z 1z i(l

> D`hEvfk Fiftap ( D@HE 1> 44= ,4=& 1+6=4 2& 4>& ;?& i(o i(o ?2z

= Notmìok Jfok}j ( NOJ ?4+4=6 >>:4 ,5& 5+66? 2& 4& 1& ?6z ?=z =2z

6 NotfEv~`hi ( NEI 6+1== 46:= 2& :+1?0 2& =& 1& ?:z ?5z 52z

5 Tfrvdk`n O`top~ ( TGF] 42: 52: 4& >+==> 2& ?2& ;?& ?1z =z 5z

1 L@ Mfufkhrlfi}~ ( L@L 541 ?>=4 >& 6+566 2& ?4& >& i(o i(o =z

: Fì~}fì Ihoj ( DOAK 4?5 ?>?4 :& ?2+1>> 2& 56& 6& ?1z ?=z i(l

0 Ahkm Lìft~ F]E ( AMZ 5+>0: 6>2> ?0& >+422 2& >& 5& i(o i(o ??z

?2 FLN ( FLN >:+?1> ?:61 >& :+02> 4=& ;?& 6& ?5z ?=z 1?z

]hr Jhkmìa~ he Atffikàj} Dp Mhkkot Uokvf



? N@] Athvr ( N@] 1+514 >:>6 ,4& ?2+602 5:& 6& ?>& >=z ?=z 0z

4 Re`wft ( REF ?>2+12? ?542 ,5& ?:+?6= 4>& ;?& ?2& 1z 1z i(l

> NotfEv~`hi ( NEI 6+1== 46:= 2& :+1?0 2& =& 1& ?:z ?5z 52z

= Notmìok Jfok}j ( NOJ ?4+4=6 >>:4 ,5& 5+66? 2& 4& 1& ?6z ?=z =2z

6 Ahkm Lìft~ F]E ( AMZ 5+>0: 6>2> ?0& >+422 2& >& 5& i(o i(o ??z

5 FLN ( FLN >:+?1> ?:61 >& :+02> 4=& ;?& 6& ?5z ?=z 1?z

1 Fì~}fì Ihoj ( DOAK 4?5 ?>?4 :& ?2+1>> 2& 56& 6& ?1z ?=z i(l

: O~rfi @i~vtoinf ( OJK 4+2=6 45=6 ,:& =+?=2 2& 6& =& 0z 1z 1z

0 ]toufkft~ ( ]TU 4=+:45 62?4 ,1& 4+?>4 2& ;?& =& 0z 0z ??z

?2 L`nth~he} ( LÊ] 46>+6>: 4:0> ,?& >+=22 2& ;?& >& ?=z ?>z 10z


Nhì~}ot ( N^]T

Ekoa~}ot Doinhtr ( EDN

@nhi`z Dtoim Athvr ( @NHI

IUT ( IUT

^plf}to Eìoinòk ( PO

Zfthz Nhtr ( ZTZ

Dott`nc Ahkm ( ODZ

DG ftu`nf~ ( DG^

Dh~}hi n`fi}è`n ( D^Z

Fimvtoinf rfnòk}p ( FIJ

Jvi}~loi ( JVI

Kùf Io}`hi ( KPU

LnMftlh}} ( LMT

LFLN Fkfn}thi`n ( QET

I`cf ( ICF

Ro}}ft~hi,V]@ Fiftap ( R]FI

^ìnko`t Dthomno~} ( DA@

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf ->2 d`kk`hi]hr ?2 o~ & he rht}ehk`h 5=&








Eìoinòk>1&

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http://www.manualofideas.com/http://www.amazon.com/gp/product/0470073942?ie=UTF8&tag=permanentvalu-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0470073942http://www.amazon.com/gp/product/0470073942?ie=UTF8&tag=permanentvalu-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0470073942http://www.amazon.com/gp/product/0470073942?ie=UTF8&tag=permanentvalu-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0470073942http://www.amazon.com/gp/product/0470073942?ie=UTF8&tag=permanentvalu-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0470073942http://www.manualofideas.com/


14/118

4220,42?2 dp DfphimRthzp KKN) Okk tàj}~ tf~ftufm) loivokhe`mfo~nhl Lop 4=+ 42?2 Roaf ?= he ??:

]hl Aopift+ Lotcfk Aopift

]hl Aopift jo~ dffi Rtf~`mfi} he Lotcfk Aopift O~~f} Loioaflfi} ~ìnf ?002 oim FUR oim N@H he Lotcfk+ o T`njlhim+U`taìò,do~fm ì}ftio}`hiok rthrft}p oim no~vok}p ì~vtoinf jhkmìa nhlroip+ ~ìnf 422= ]hl jo~ dffi o m`~n`rkìfm~}fotm he nor`}ok hi dfjoke he Lotcfk ~jotfjhkmft~+ oim j`~ khia,}ftl ìuf~}lfi} tfnhtm `~ hif he }jf df~} ì }jf dv~ìf~~

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Lotcfk Aopift



? Vi`hi Doic~jotf~ ( VD^J ? =>= ?51= ??& >+626 if ?=& =& 4:z ?6z ?6z

4 Dftc~j`tf Jo}joop ( DTCO ?::+>02 ??=+?62 ,5& 4 9?22& ;?& ?=& 42z ?0z ?0z

> Dthhce`fkm O~~f} ( DOL ?=+>?> 4=0= ,4& >+?25 2& ;?& 6& i(o i(o 0z

= Eo`teoz Eìoinòk ( ETEJE 1+0=4 >1426 ,?& 410 2& ?& 1& i(o i(o ??z

6 @iuf~}ht~ ]`}kf ( @]@N 11 >>15 ,?& 440 2& ?2& ;?& 40z 4>z :z

5 Jft`}oaf,Ntp~}ok ( JNN@ ?2= 055 ,?6& :> 9?22& ;?& ;?& >1z 46z 46z

1 Nokvlf} rfnòk}p ( NKL] 5=5 ?:>2 ,?4& 45 if ;?& ;?& ?5z ??z ?1z

: ]fuo Rjotlo ( ]FUO 64+::? 65:2 ,?2& 52 if ;?& ;?& ?>z ??z 900z

0 Oddh}} Kod~ ( OD] 1=+:5> =:62 ,:& 12 9?22& ;?& ;?& ?4z ?2z i(l

?2 O`t Rthmvn}~ % Njfl ( ORM ?=+11> 5061 ,5& = if ;?& ;?& ?=z ?4z >5z?

Lotcfk onqv`tfm VD^J ~jotf~ ì nhiifn}`hi ` }j o lftaft he o Lotcfk ~vd~`mòtp `}j E`t~} Lotcf} Doic+ o rtùo}f nhlroip ì j`nj Lotcfk o~ o ~jotfjhkmft

]hr Jhkmìa~ he Lotcfk Aopift Dp Mhkkot Uokvf



? Dftc~j`tf Jo}joop ( DTCO ?::+>02 ??=+?62 ,5& 4 9?22& ;?& ?=& 42z ?0z ?0z

4 NotLoz ( CLZ 6+?:? 4>44 ,:& 6+>2: 2& 4& :& ?:z ?5z 41z

> Eo`teoz Eìoinòk ( ETEJE 1+0=4 >1426 ,?& 410 2& ?& 1& i(o i(o ??z

= Mòafh ( MFH >0+056 5>:? ,6& ?+465 2& ;?& 6& ?=z ?>z i(l

6 Dthhce`fkm O~~f} ( DOL ?=+>?> 4=0= ,4& >+?25 2& ;?& 6& i(o i(o 0z

5 Afiftok Fkfn}t`n ( AF ?::+>>= ?15= ,>& >+5== 2& ;?& =& ?5z ?>z =0z

1 Vi`hi Doic~jotf~ ( VD^J ? =>= ?51= ??& >+626 if ?=& =& 4:z ?6z ?6z

: Qok} M`~ifp ( M@^ 55+120 >=25 ,4& ?+=02 2& ;?& >& ?1z ?6z 900z

0 Lott`h}} ( LOT ?4+625 >=5? ?2& ?+=44 2& ;?& >& >=z 45z i(l

?2 VR^ ( VR^ 56+?4= 5616 4& 125 2& ;?& >& 42z ?1z 900z?

Lotcfk onqv`tfm VD^J ~jotf~ ì nhiifn}`hi ` }j o lftaft he o Lotcfk ~vd~`mòtp `}j E`t~} Lotcf} Doic+ o rtùo}f nhlroip ì j`nj Lotcfk o~ o ~jotfjhkmft


O`t Rthmvn}~ % Njfl ( ORM

Oijfv~ft,Dv~nj ( DVM

Nokvlf} rfnòk}p ( NKL]

FHA Tf~hvtnf~ ( FHA

]fuo Rjotlo ( ]FUO

Qo~jìa}hi T F ( QTF

OEKON ( OEK

NLF Athvr ( NLF

Loirhft ( LOI

LnAto,J`kk ( LJR

ÔR ( OR

^K Atffi Tfok}p ( ^KA

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~+


]hr ?2 o~ & he rht}ehk`h 66&Lfmòi lotcf} uokvf -4? d`kk`hi




Lfmòi R ( }oia`dkf dhhc 41z



''O kotaf rht}`hi he Lotcfk Nhtr~ o~~f} uokvf lop df o}}t`dv}fm }h jhkmìa~

}jo} otf ih} vdk`nk }tomfm oim otf }jftfehtf ih} ~jhi i }jf njot} ht }odkf~

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15/118


Akfii Atffidfta+ Dtouf Qott`ht

Dtouf Qott`ht+ ehtlftkp nokkfm Nj`fe}oì Nor`}ok Loioaflfi}+ o~ ehvimfm ì ?0:= dp Akfii Atffidfta oim Ghji ^jor`th]jf e`tl tvi~ o nhinfi}to}fm rht}ehk`h ehnv~fm hi nhlroi`f~ `}j jàj tf}vti~ hi nor`}ok oim ~v~}oìodkf nhlrf}`}ùfomuoi}oaf Dtouf Qott`ht~ khia,}ftl rftehtloinf tfnhtm `~ dfk`fufm }h efo}vtf l`m }ffi~ oiivok`wfm ìuf~}lfi} tf}vti~

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Dtouf Qott`ht



? 5 Ahhakf ( AHHA ?5?+5=4 6216> ,??& ?>= if ;?& 1& ?:z ?5z 62z

4 0 Otnj Nor`}ok Athvr ( ONAK =+6=: 16?? ,?& =>6 if ;?& =& 0z :z ?2z

> ?6 Doic he Olft`no ( DON ?5>+0>: ?5>= ,:& ?6 if ;?& ;?& ?5z 0z ?1z

= ?? Tfio`~~oinfTf ( TIT >+46? 65?6 ,?& =64 if ;?& >& 1z 1z ??z

6 ?= ]`mfo}ft ( ]MQ 4+6?1 =:51 >& 42 if ;?& ;?& 0z ??z ?4z

5 ?5 Etfmm`f Lon ( ETF ::: ?>1 :& 14 if ;?& ;?& i(o i(o i(l

1 ?4 Nth~~}fz Fiftap+ KR ( Z]FZ 6?0 ?2== ,>& ?+6:6 ,45& >& 4& i(l 900z ?6z

: 6 Tpoio`t ( TPOOP 1+>?5 4=14 ,0& =+1?6 ,=6& 4& ?4& ?:z ?=z 4?z

0 ? Nhlno~} ( NLNÔ =0+55? ?152 ,1& :+?>> ,64& ;?& ?6& ?=z ?>z i(l

?2 4 V^ Doinhtr ( V^D =:+022 466? ,?& 6+?16 ,64& ;?& ?=& ?5z ??z >:z

]hr Jhkmìa~ he Dtouf Qott`ht Dp Mhkkot Uokvf



? Nhlno~} ( NLNÔ =0+55? ?152 ,1& :+?>> ,64& ;?& ?6& ?=z ?>z i(l

4 V^ Doinhtr ( V^D =:+022 466? ,?& 6+?16 ,64& ;?& ?=& ?5z ??z >:z

> Khncjffm Lot}ì ( KL] 40+01> :210 ,>& ?+6:6 ,60& ;?& ?=& ??z ?2z i(l

= Kod Nhtr he Olft`no ( KJ :+261 11=1 4& ?+664 ,=0& ?& ?>& ?=z ?>z i(l

6 Tpoio`t ( TPOOP 1+>?5 4=14 ,0& =+1?6 ,=6& 4& ?4& ?:z ?=z 4?z

5 Ahhakf ( AHHA ?5?+5=4 6216> ,??& ?>= if ;?& 1& ?:z ?5z 62z

1 Mfkk ( MFKK 40+552 ?6?6 ?& >+:?> ,6>& ;?& 5& ?4z ?2z i(l

: Uotòi Lfm`nok ( UOT 5+641 64:> ,6& 0:2 ,1>& ;?& 5& ?:z ?5z 65z0 Otnj Nor`}ok Athvr ( ONAK =+6=: 16?? ,?& =>6 if ;?& =& 0z :z ?2z

?2 Rtfn`~`hi No~}rot}~ ( RNR ?1+2>= ?424> ,6& 45= ,51& ;?& >& ?5z ?=z 1>z


Otnj Nor`}ok Athvr ( ONAK

Doic he Olft`no ( DON

Etfmm`f Lon ( ETF

Ahhakf ( AHHA

Tfio`~~oinfTf ( TIT

]`mfo}ft ( ]MQ

Qo}ft~ ( QO]

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf -0>= l`kk`hi


Lfmòi lotcf} uokvf -1> d`kk`hi

Ouftoaf lotcf} uokvf ->4 d`kk`hi






Eìoinòk4?&

Jfok}j Notf?0&

Nor`}okAhhm~?:&

H}jft=>&


16/118


Lo~hi Jocì~+ hv}jfo~}fti

Lo~hi Jocì~ `~ njo`tloi oim NFH he ^hv}jfo~}fti O~~f} Loioaflfi}+ o e`tl jf ehvimfm ì ?016 ^hv}jfo~}fti ~ftuf~ o~ìuf~}lfi} omu`~ft }h }jf Khiakfoe Rot}ift~ Evim~+ o eol`kp he uokvf,ht`fi}fm lv}vok evim~ ]jf e`tl jo~ -44 d`kk`hi heo~~f}~ vimft loioaflfi}+ ìnkvmìa -?> d`kk`hi ì ~froto}fkp loioafm onnhvi}~

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he ^hv}jfo~}fti



? Kfufk > Nhll~ ( KUK] 4+21? ?46 ,4>& =5?+101 1& 4:& >& i(l i(l i(l

4 ]fzo~ @imv~}t`f~ ( ]Z@ ?+2=0 >111 ??& >+1?2 ==& ?>& ;?& i(l i(l ?=z

> Njf~orfocf Fiftap ( NJC ?=+14= 4454 ,=& :2+22> 6& ?4& :& :z 1z ?>z

= Nflfz ( NZ ?2+5?1 ??25 :& ?>?+=25 45& ?=& 1& i(l 46z 1z

6 ]fkfrjhif % Mo}o ( ]M^ >+620 >>4= ,4& ?>+12> >& ?>& 4& ?0z 42z 44z

5 } }fkfnhl ( ]Q]N 4+1=1 ?:?? 2& 4=+065 >& ?5& 4& 62z >?z 0=z

1 Mfkk ( MFKK 40+552 ?6?6 ?& ?>:+1:: ?& 1& ?2& ?4z ?2z i(l

: MìfFqv`}p ( M@I 5>4 >645 ,??& >+4?: 2& ?:& ;?& ?4z ??z i(l

0 Pvl/ Dtoim~ ( PVL ?:+05= =261 5& 62+044 5& ??& 0& ?5z ?6z i(l

?2 Ohi Nhtr ( OHI ??+4?? =?5? ,>& ?1+14? 4:& 1& >& ?>z ?4z i(l

]hr Jhkmìa~ he ^hv}jfo~}fti Dp Mhkkot Uokvf



? M@TFN]U ( M]U >=+?2= >1>= ?2& 15+214 ,??& :& ?>& ?5z ?>z i(l

4 Mfkk ( MFKK 40+552 ?6?6 ?& ?>:+1:: ?& 1& ?2& ?4z ?2z i(l

> Pvl/ Dtoim~ ( PVL ?:+05= =261 5& 62+044 5& ??& 0& ?5z ?6z i(l

= Qok} M`~ifp ( M@^ 55+120 >=25 ,4& 6=+1:5 ,4& >& :& ?1z ?6z 900z

6 Njf~orfocf Fiftap ( NJC ?=+14= 4454 ,=& :2+22> 6& ?4& :& :z 1z ?>z

5 Nflfz ( NZ ?2+5?1 ??25 :& ?>?+=25 45& ?=& 1& i(l 46z 1z

1 R`hifft Io}vtok ( RZM 1+40> 540? ?4& 4?+505 ,=& ?0& 5& >?z 42z 4?z

: K`dft}p @i}fton}ùf ( K@I]O 1+:46 ?>?2 ,?=& 5:+240 ,42& ??& =& 42z ?5z i(l0 Rj`k`r~ Fkfn}thi`n~ ( RJA 4:+1:> >200 ,>& 45+=:? ,?4& >& =& 42z ?:z 04z

?2 Ohi Nhtr ( OHI ??+4?? =?5? ,>& ?1+14? 4:& 1& >& ?>z ?4z i(l


^fokfm O`t Nhtr ( ^FF E`t~} Olft`noi ( EOE

Dftc~j`tf Jo}joop ( DTCO

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~


]hr ?2 o~ & he rht}ehk`h 1>&

Lfmòi lotcf} uokvf -6= d`kk`hi


Lfmòi R(F *}j`~ EP) ?:z


Lfmòi R ( }oia`dkf dhhc 4?z



^ftu`nf~=:&

Fiftap?=&

]fnjihkhap?4&

H}jft45&


17/118


Njt`~ Jhji+ Nj`kmtfi~ @iuf~}lfi}

Njt`~ Jhji `~ }jf ehvimft he Khimhi,do~fm ]jf Nj`kmtfi~ @iuf~}lfi} Evim Loioaflfi} ]N@ tvi~ o nhinfi}to}fm rht}ehk`h}jo} jo~ j`~}ht`nokkp dffi jfou`kp fàj}fm ì ìmv~}tòk~ Jhji jo~ onqv`tfm o tfrv}o}`hi o~ oi oaatf~~ùf ~jotfjhkmfton}ù`~}+ lh~} ih}odkp ehtnìa }jf tf~àio}`hi he }jf NFH he Mfv}~njf Dhft~f oe}ft jf tfev~fm }h odoimhi o rthrh~fm }ocfhufthe }jf Khimhi ^}hnc Fznjoiaf Jhji ok~h oa`}o}fm eht o ~okf he ODI Olth+ vk}`lo}fkp rv~jìa `} ì}h }jf joim~ he TD^

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Nj`kmtfi~ @iuf~}lfi} Evim



? Vi`hi Ronè`n ( VIR >1+6== 1=?: ?& ??+2?0 =2& 4& ?0& ?5z ?>z 44z

4 Uònhl ( U@OD 42+=62 >>51 ,4& 5+105 if ?& 6& ?4z ??z i(l

> Khncjffm Lot}ì ( KL] 40+01> :210 ,>& =+1:4 2& ?& 0& ??z ?2z i(l

= QfkkRhì} ( QKR 44+510 6>20 ,?:& =+51= 9?22& ?& 5& 0z :z 1=z

6 Rj`k`r Lhtt`~ ( RL :5+44> =565 ,??& 4+501 >=& ;?& >& ?4z ??z i(l

5 Lhhmp!~ ( LNH 6+??4 4?61 ,41& 65 if ;?& ;?& ??z ?2z i(l

1 Lhk~hi Nhht~ ( ]OR 1+045 =412 4& :+=60 65& 6& :& ?>z ??z 1?z

: ]`lf Qotift ( ]QZ >=+:>2 >265 ,4& 61> if ;?& ;?& ?=z ?4z i(l

0 Nh Dfd`mo~ Olft`no~ ( ODU 52+611 0:41 1& =60 2& ;?& ?& ?5z ?=z 900z

?2 Lo~}ftNotm ( LO 41+10? 4?4=6 ,?5& 5 :& ;?& ;?& ?5z ?>z :0z

]hr Jhkmìa~ he Nj`kmtfi~ @iuf~}lfi} Evim Dp Mhkkot Uokvf



? U`~o ( U 5=+::2 1145 ,?6& ?6+6>= ,?& 4& 4:& 42z ?5z 900z

4 Vi`hi Ronè`n ( VIR >1+6== 1=?: ?& ??+2?0 =2& 4& ?0& ?5z ?>z 44z

> Nhno,Nhko ( CH ?4>+224 6>>= ,>& :+=:2 ,?:& ;?& ??& ?6z ?=z 0:z

= Htonkf ( HTNK ??0+>6= 4>1: ,:& ?5+1:1 ,4& ;?& 0& ?6z ?>z i(l

6 Khncjffm Lot}ì ( KL] 40+01> :210 ,>& =+1:4 2& ?& 0& ??z ?2z i(l

5 Lhk~hi Nhht~ ( ]OR 1+045 =412 4& :+=60 65& 6& :& ?>z ??z 1?z

1 QfkkRhì} ( QKR 44+510 6>20 ,?:& =+51= 9?22& ?& 5& 0z :z 1=z: Uònhl ( U@OD 42+=62 >>51 ,4& 5+105 if ?& 6& ?4z ??z i(l

0 Rj`k`r Lhtt`~ ( RL :5+44> =565 ,??& 4+501 >=& ;?& >& ?4z ??z i(l

?2 Nh Dfd`mo~ Olft`no~ ( ODU 52+611 0:41 1& =60 2& ;?& ?& ?5z ?=z 900z


Lhhmp!~ ( LNH

]`lf Qotift ( ]QZ

Uònhl ( U@OD

Ok}tò Athvr ( LH

E`~ftu ( E@Û

Rfr~`Nh ( RFR

ÔR ( OR

U`taì Lfmò ( ULFM

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf -=> d`kk`hi

]hr ?2 o~ & he rht}ehk`h 00&





Lfmòi R ( }oia`dkf dhhc 1=z



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18/118

4220,42?2 dp DfphimRthzp KKN) Okk tàj}~ tf~ftufm) loivokhe`mfo~nhl Lop 4=+ 42?2 Roaf ?: he ??:

Notk @noji+ @noji Nor`}ok

Notk @noji `~ oi on}ù`~} ìuf~}ht `}j o khia }tonc tfnhtm he ~vnnf~~ oa`}o}ìa eht njoiaf o} vimftrftehtlìa nhlroi`f~ Notkrvdk`~jf~ oi on}ù`~} iuf~}ìa dkha fi}`}kfm ]jf @noji Tfrht}o}`nojitfrht}nhl

Dfkh f fznkv~ùfkp ~jh jhkmìa~ m`~nkh~fm dp @noji Nor`}ok KR Nft}oì h}jft fi}`}`f~ nhi}thkkfm dp Notk otf fznkvmfm

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he @noji Nor`}ok



? Afiwplf ( AFIW ?>+=6: 62=> ,>& ?2+=:2 9?22& =& ?:& 42z ?>z >>z

4 Omufi}tz Rjotlo ( OIZ 46 4>0 ,65& >+=60 2& >=& ;?& i(o i(o ?>z

> Lh}hthko ( LH] ?6+1:? 510 ,>& ?65+442 >2& 1& >5& ?1z ?>z 4=z

= Olpkì Rjotlo ( OLKI 4+==6 ?124 ,4=& ?4+01? 2& 0& 1& i(l i(l 6:z

6 ]ocf,]h ( ]]QH 0>5 ??21 ?4& 0+405 >0& ??& >& i(l :z =:z

5 Njf~orfocf Fiftap ( NJC ?=+14= 4454 ,=& 4+?4> if ;?& 4& :z 1z ?>z

1 D`hafi @mfn ( D@@D ?>+>:6 62?> ,?>& ?4+:52 2& 6& 44& ??z ?2z =6z

: K`hi~ Ao}f ( KAE 102 512 1& ?1+6:4 5& ?6& =& i(o i(o i(l

0 Npdfthi`n~ ( NPDZ 64> ?::? ,4& 4+?2: 2& :& ?& ?5z 42z 6>z

?2 Ehtf~} Kod~ ( ETZ :+246 456= ,?6& ?+4?> 2& ;?& ?& 1z 1z ?:z

]hr Jhkmìa~ he @noji Nor`}ok Dp Mhkkot Uokvf



? Lh}hthko ( LH] ?6+1:? 510 ,>& ?65+442 >2& 1& >5& ?1z ?>z 4=z

4 D`hafi @mfn ( D@@D ?>+>:6 62?> ,?>& ?4+:52 2& 6& 44& ??z ?2z =6z

> Afiwplf ( AFIW ?>+=6: 62=> ,>& ?2+=:2 9?22& =& ?:& 42z ?>z >>z

= Olpkì Rjotlo ( OLKI 4+==6 ?124 ,4=& ?4+01? 2& 0& 1& i(l i(l 6:z

6 K`hi~ Ao}f ( KAE 102 512 1& ?1+6:4 5& ?6& =& i(o i(o i(l

5 ]ocf,]h ( ]]QH 0>5 ??21 ?4& 0+405 >0& ??& >& i(l :z =:z

1 Tfafifthi Rjotlo ( TFAI 4+4=4 41>1 >& 4+=== ,>& >& 4& i(l i(l 6:z

: Pojhh/ ( PJHH 44+12? ?5>0 ,?& =+2=? ,55& ;?& 4& 4=z 4?z 41z0 Njf~orfocf Fiftap ( NJC ?=+14= 4454 ,=& 4+?4> if ;?& 4& :z 1z ?>z

?2 Npdfthi`n~ ( NPDZ 64> ?::? ,4& 4+?2: 2& :& ?& ?5z 42z 6>z


Njf~orfocf Fiftap ( NJC N@] Athvr ( N@]

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~+

Rht}ehk`h ~`wf ->2 d`kk`hi









''O kotaf rht}`hi he o~~f}~ nhi}thkkfm dp Notk @noji lop df o}}t`dv}fm }h fi}`}`f~

h}jft }joi @noji Nor`}ok KR oim otf }jftfehtf ih} ~jhi ì }jf njot} ht }odkf~

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19/118


^f}j Ckotloi+ Dovrh~}

^f}j Ckotloi+ ehvimft oim rtf~`mfi} he ]jf Dovrh~} Athvr+ `~ }jf ov}jht heLotaì he ôef}p oim hif he }jf lh~} `mfkptf~rfn}fm uokvf,ht`fi}fm ìuf~}ht~ Ethl ìnfr}`hi ì Efdtvotp ?0:> }jthvaj Mfnfldft 422:+ ]jf Dovrh~} Athvr jo~mfkùftfm oi oiivok nhlrhvimfm tf}vti he orrthz`lo}fkp 42&

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Dovrh~}



? Uòô} ( UÔ] ?+44: >>:2 ,4& :+121 11& 4=& ?:& 44z ?:z 41z

4 ]jftouoinf ( ]JTZ ?+252 ?==0 0& ?>+222 40& ?:& ?4& i(l i(l i(l

> ^hkot Nor`}ok ( ^KTN 50= 4?22 ,?& 4+2?? if 5& >& 0z :z 0z

= Fiwhi Rjotlo ( FIWI 55> ?20> 1& 0+42> ?=& ?6& 5& 900z i(l ?:z

6 OMN ]fkfnhl ( OMN] 164 116 5& 6+222 if 6& 4& ?5z ??z 40z

5 Dtf`}Dvti Fiftap ( DDFR :2: ?6?5 4& :+=05 2& ?5& :& ??z ?6z 1z

1 Nor`}ok^hvtnf ( N^F ?+664 =:? ,?=& 42+41: 2& 5& 5& i(l ?>z 0z

: @}vtoi Khno}`hi ( @]TI >=: ?=:= ,1& ?+14? 2& 1& 4& ?6z ?>z >2z

0 Okkòinf Hif ( OH@ ==> =01 ,4& :+:22 2& ?2& >& 5z i(o ?>z

?2 M@TFN]U ( M]U >=+?2= >1>= ?2& ?+5?1 2& ;?& =& ?5z ?>z i(l

]hr Jhkmìa~ he Dovrh~} Dp Mhkkot Uokvf



? If~ Nhtr ( IQÔ >1+>05 ?>06 ,>& 4>+?=2 ,6& ;?& 42& ?=z ?>z 900z

4 Uòô} ( UÔ] ?+44: >>:2 ,4& :+121 11& 4=& ?:& 44z ?:z 41z

> ]jftouoinf ( ]JTZ ?+252 ?==0 0& ?>+222 40& ?:& ?4& i(l i(l i(l

= Mhl}ot ( VE^ 4+:=> 56:: 4& 4+511 ,:& 5& ??& ?2z ?4z ??z

6 Dtf`}Dvti Fiftap ( DDFR :2: ?6?5 4& :+=05 2& ?5& :& ??z ?6z 1z

5 Fiwhi Rjotlo ( FIWI 55> ?20> 1& 0+42> ?=& ?6& 5& 900z i(l ?:z

1 Nor`}ok^hvtnf ( N^F ?+664 =:? ,?=& 42+41: 2& 5& 5& i(l ?>z 0z

: M@TFN]U ( M]U >=+?2= >1>= ?2& ?+5?1 2& ;?& =& ?5z ?>z i(l

0 Okkòinf Hif ( OH@ ==> =01 ,4& :+:22 2& ?2& >& 5z i(o ?>z

?2 ^hkot Nor`}ok ( ^KTN 50= 4?22 ,?& 4+2?? if 5& >& 0z :z 0z


OMN ]fkfnhl ( OMN]

^hkot Nor`}ok ( ^KTN

N@] Athvr ( N@]

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~+



Lfmòi lotcf} uokvf -1:2 l`kk`hi




Lfmòi R ( }oia`dkf dhhc ?=z



''O kotaf rht}`hi he o~~f}~ loioafm dp ^f}j Ckotloi lop df ìuf~}fm ì ihi,

fqv`}p ~fnvt`}`f~ oim otf }jftfehtf ih} ~jhi ì }jf njot} ht }odkf~

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20/118


Fmm`f Kolrft}+ TD^ Rot}ift~

Fmm`f Kolrft}+ ehvimft oim loioaìa lfldft he F^K @iuf~}lfi}~+ `~ o uokvf ìuf~}ht jh ~}ot}fm hv} htcìa vimft DhdTvdì o} }jf otd`}toaf mf~c he Ahkmloi ônj~ Qjfi jf kfe} Ahkmloi }h ~}ot} F^K ì ?0::+ jf tfnfùfm }jf ~vrrht} he ]fzo~ìuf~}ht T`njotm Toìo}ft Kolrft} nhlrhvimfm F^K~ nor`}ok o} to}f~ he lhtf }joi 46& rft oiivl eht loip pfot~ J`~kotaf~} ìuf~}lfi} o~ }jf lvnj,rvdk`n`wfm }ocìa nhi}thk he Clot} mvtìa Clot}~ doictvr}np rthnf~~ ì 4224 Kolrft}fiaìfftfm }jf lftaft he Clot} oim ^fot~ ì 422= Jf `~ nvttfi}kp njo`tloi oim nj`fe nor`}ok okkhno}ht he }jf nhldìfm e`tl+^fot~ Jhkmìa~ *^JKM) Jf ok~h ~}`kk loioaf~ j`~ ìuf~}lfi} rot}ift~j`r+ j`nj jhkm~ o nhinfi}to}fm ìuf~}lfi} rht}ehk h

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he TD^ Rot}ift~



? N@] Athvr ( N@] 1+514 >:>6 ,4& =+64: 2& 4& ?& >=z ?=z 0z

4 Afiht}j Eìoinòk ( AIQ 1+546 ?660 ,?6& :+?22 ,:& 4& ?& ?=z :z 1z

> ^fot~ Jhkmìa~ ( ^JKM ? ?4+==? ?2:>= 2& 5?+=20 ,1& 6>& 6=& >0z >6z 4:z

= Nor`}ok Hif ( NHE ?0+64? =415 >& 0+?=> ,6& 4& >& ?4z ?2z 42z

6 Ov}hWhif ( OWH ? :+104 ?:2>? =& ?0+40? ,=& =2& 4:& ?>z ?4z i(l

5 Ov}hIo}`hi ( OI ? >+41> ?0=5 :& 11+212 ,>& =5& ?4& ?=z ?4z >4z

1 ^KL Nhtr ( ^KL 6+1?1 ??11 ,5& ?+201 ,54& ;?& ;?& 1z :z 45z

: Onz`hl ( ONZL ?+=1: ?:51 =& ?+222 ,52& ?& ;?& 46z 44z i(l

0 Qfkk~ Eotah ( QEN ?55+0>> >42= >& 660 ,5>& ;?& ;?& ?1z ??z >?z?

Tfmvn}`hi ì hift~j`r he ~jotf~ lop tfrtf~fi} ~jotf } toi~eft~ df}ffi uot`hv~ oee`kò}fm fi}`}`f~ to}jft }joi hv}tàj} ~okf~ he ~fnvt`}`f~

]hr Jhkmìa~ he TD^ Rot}ift~ Dp Mhkkot Uokvf



? ^fot~ Jhkmìa~ ( ^JKM ? ?4+==? ?2:>= 2& 5?+=20 ,1& 6>& 6=& >0z >6z 4:z

4 Ov}hWhif ( OWH?

:+104 ?:2>? =& ?0+40? ,=& =2& 4:& ?>z ?4z i(l

> Ov}hIo}`hi ( OI?

>+41> ?0=5 :& 11+212 ,>& =5& ?4& ?=z ?4z >4z

= Nor`}ok Hif ( NHE ?0+64? =415 >& 0+?=> ,6& 4& >& ?4z ?2z 42z

6 N@] Athvr ( N@] 1+514 >:>6 ,4& =+64: 2& 4& ?& >=z ?=z 0z5 Afiht}j Eìoinòk ( AIQ 1+546 ?660 ,?6& :+?22 ,:& 4& ?& ?=z :z 1z

1 Onz`hl ( ONZL ?+=1: ?:51 =& ?+222 ,52& ?& ;?& 46z 44z i(l

: Qfkk~ Eotah ( QEN ?55+0>> >42= >& 660 ,5>& ;?& ;?& ?1z ??z >?z

0 ^KL Nhtr ( ^KL 6+1?1 ??11 ,5& ?+201 ,54& ;?& ;?& 1z :z 45z?

Tfmvn}`hi ì hift~j`r he ~jotf~ lop tfrtf~fi} ~jotf } toi~eft~ df}ffi uot`hv~ oee`kò}fm fi}`}`f~ to}jft }joi hv}tàj} ~okf~ he ~fnvt`}`f~


Ihif Doic he Olft`no ( DON

N`}àthvr ( N

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf -?4 d`kk`hi]hr ?2 o~ & he rht}ehk`h ?22&

Lfmòi lotcf} uokvf -:: d`kk`hi



Lfmòi R(F *ifz} EP) ??z




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21/118

4220,42?2 dp DfphimRthzp KKN) Okk tàj}~ tf~ftufm) loivokhe`mfo~nhl Lop 4=+ 42?2 Roaf 4? he ??:

Moi Khfd+ ]j`tm Rhì}

Khfd `~ }jf ehvimft he khia(~jht} on}ù`~} evim ]j`tm Rhì}+ j`nj jo~ olo~~fm o tf~rfn}odkf khia,}ftl ìuf~}lfi} tfnhtm

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he ]j`tm Rhì}



? H^@ Rjotlo ( H^@R >+552 60:2 2& ?+422 if 4& 6& =?z 40z 6?z

4 QfkkRhì} ( QKR 44+510 6>20 ,?:& ?+622 >5& ;?& 5& 0z :z 1=z

> N@] Athvr ( N@] 1+514 >:>6 ,4& 4+>62 >=& ?& 1& >=z ?=z 0z

= K`dft}p @i}fton}ùf ( K@I]O 1+:46 ?>?2 ,?=& =+:22 if ;?& 6& 42z ?5z i(l

6 D`hEvfk Fiftap ( D@HE 1> 44= ,4=& 6+610 2& ?1& ;?& i(o i(o ?2z

5 O`tao~ ( OTA 6+?>1 5420 ,4& 046 if ?& =& 4?z ?:z 900z

1 O~rfi ]fnjihkhap ( OWRI ?+256 ??52 ?>& 6+24? if 6& =& i(l i(l 54z

: ]toi~Màl ( ]MA 4+144 666? 6& ?+:22 2& =& 1& ?:z ?5z i(l

0 MfrhLfm ( MFRH ?01 >11 5& 5+102 2& ?>& 4& i(l ?6z 900z

?2 Zfthz ( ZTZ ?>+:?: ?224 >& 1+222 16& ;?& 6& ??z 0z i(l

]hr Jhkmìa~ he ]j`tm Rhì} Dp Mhkkot Uokvf



? ]toi~Màl ( ]MA 4+144 666? 6& ?+:22 2& =& 1& ?:z ?5z i(l

4 RJJ ( RJJ ?+441 44?= ,5& =+622 ,:& :& 1& ??z :z 900z

> N@] Athvr ( N@] 1+514 >:>6 ,4& 4+>62 >=& ?& 1& >=z ?=z 0z

= QfkkRhì} ( QKR 44+510 6>20 ,?:& ?+622 >5& ;?& 5& 0z :z 1=z

6 H^@ Rjotlo ( H^@R >+552 60:2 2& ?+422 if 4& 6& =?z 40z 6?z

5 Zfthz ( ZTZ ?>+:?: ?224 >& 1+222 16& ;?& 6& ??z 0z i(l

1 Jfok}j If} ( JI] 4+>?2 4>4= ,1& >+222 2& >& 6& ?2z 0z 4>z

: K`dft}p @i}fton}ùf ( K@I]O 1+:46 ?>?2 ,?=& =+:22 if ;?& 6& 42z ?5z i(l

0 O~rfi ]fnjihkhap ( OWRI ?+256 ??52 ?>& 6+24? if 6& =& i(l i(l 54z

?2 O`tao~ ( OTA 6+?>1 5420 ,4& 046 if ?& =& 4?z ?:z 900z


O`tao~ ( OTAOkcftlf~ ( OKCÔ~rfi ]fnjihkhap ( OWRIDthnomf Nhll~ ( DTNMNhno,Nhko Fi}ftrt`~f ( NNFFll`~ Nhll~ ( FLL^Ctoe} Ehhm~ ( CE]Kfot ( KFOK`dft}p @i}fton}ùf ( K@I]OLonp!~ ( L

Lom`~hi ^q Aotmfi ( LÂH^@ Rjotlo ( H^@RRokk Nhtr ( RKKRj`kk`r~,Uoi Jfv~fi ( RUJTE L`nth Mfu`nf~ ( TELM^}to}fa`n Jh}fk~ ( DFF]hph}o ( ]LU@UV^ ( UUV^Qokatffi ( QOAQo~jìa}hi Rh~} ( QRH

Oee`kò}fm Nhlrv}ft ( ONÔlft`noi Qo}ft Qhtc~ ( OQCDoic he Olft`no ( DONDotnkop~ ( DN^Nodkfu`~`hi ( NUNNor`}ok^hvtnf ( N^FN`}àthvr ( NNhì~}ot ( N^]TFiftap Rot}ift~ ( FRKAtffikàj} Tf ( AKTF

Jfkf}},Roncotm ( JR_K`dft}p }otw ( K^]WOKèf Rot}ift~ ( KRJ@Roì ]jftorfv}`n~ ( R]@FPojhh/ ( PJHH

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf -?= d`kk`hi]hr ?2 o~ & he rht}ehk`h 65&





Lfmòi R ( }oia`dkf dhhc 4=z



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22/118


^}fuf Loimfk+ Khif Rìf

Loimfk ehvimfm khia(~jht} e`tl Khif Rìf ì ?001 Jf rtfu`hv~kp htcfm eht ]àft Loioaflfi}+ Ahkmloi ônj~ oim Lot~

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Khif Rìf



? Nhai`woi} ]fnj ( N]^J ?=+0>: =0:0 ,4& ?2+022 if =& 6& 4=z 4?z 61z

4 Pvl/ Dtoim~ ( PVL ?:+05= =261 5& ?4+41> ::& >& 6& ?5z ?6z i(l

> _VOKNHLL ( _NHL 5?+?:5 >1>2 ,??& ?=+:14 ?=& ;?& 5& ?5z ?6z >:z

= GRLhtaoi Njo~f ( GRL ?6:+1?2 >0:0 ,??& ?1+:?6 4& ;?& 1& ?4z :z ?:z

6 Kùf Io}`hi ( KPU 4+>20 ?>=6 ,1& 0+6:6 if 5& ?& 900z 46z i(l

5 Khia}hr Eì ]fnj ( KE] ?+1=0 >??= ,>& >+20= if 5& ;?& 44z ?0z =4z

1 MoU`}o ( MUO 5+66? 5>26 ,?& =+5=5 if =& >& ?=z ?=z i(l

: If Ht`fi}ok Fmv ( FMV >+662 04:? 0& 4+1=2 9?22& 1& >& =5z >>z :1z

0 Qok}ft @imv~}t`f~ ( QK] >+021 14:2 ,4?& ?+544 if >& ?& :z 5z 900z

?2 Onnfi}vtf ( ONI 4=+0:2 >04? ,1& ?4+=:2 4?& 4& 6& ?6z ?>z 06z

]hr Jhkmìa~ he Khif Rìf Dp Mhkkot Uokvf



? GRLhtaoi Njo~f ( GRL ?6:+1?2 >0:0 ,??& ?1+:?6 4& ;?& 1& ?4z :z ?:z

4 Orrkf ( OORK 4>2+05? 46>:4 :& 4+>62 ,??& ;?& 5& ?0z ?1z 52z

> _VOKNHLL ( _NHL 5?+?:5 >1>2 ,??& ?=+:14 ?=& ;?& 5& ?5z ?6z >:z

= Nhai`woi} ]fnj ( N]^J ?=+0>: =0:0 ,4& ?2+022 if =& 6& 4=z 4?z 61z

6 Pvl/ Dtoim~ ( PVL ?:+05= =261 5& ?4+41> ::& >& 6& ?5z ?6z i(l

5 Onnfi}vtf ( ONI 4=+0:2 >04? ,1& ?4+=:2 4?& 4& 6& ?6z ?>z 06z

1 LnMhiokm!~ ( LNM 1=+:56 5060 =& 5+06> ,0& ;?& 6& ?6z ?=z 5=z

: Qfkk~ Eotah ( QEN ?55+0>> >42= >& ?=+5:? >=& ;?& 6& ?1z ??z >?z

0 ^}topft Fmvno}`hi ( ^]TO >+466 4>>0? ,=& ?+4:6 ,6& 0& >& 4=z 42z 900z

?2 MoU`}o ( MUO 5+66? 5>26 ,?& =+5=5 if =& >& ?=z ?=z i(l


On}ù`~`hi Dk`wwotm ( O]U@Olowhinhl ( OLWIOlft`rt`~f Eìoinòk ( OLROlrjfihk ( ORJOrhkkh Athvr ( ORHKNhno,Nhko ( CHNhai`woi} ]fnj ( N]^JMoU`}o ( MUO@iuf~nh ( @UWKùf Io}`hi ( KPU

Khia}hr Eì ]fnj ( KE]H!Tf`kkp Ov}hlh}ùf ( HTKPRIN Eìoinòk ( RINRhkh Tokrj Kovtfi ( TK~okf~ehtnfnhl ( NTLVlrqvo Jhkmìa~ ( VLR_VR^ ( VR^Qok}ft @imv~}t`f~ ( QK]Qpimjol ( QPI

Ov}hmf~c ( OM^CMfk}fc ( RTHGM`~nhuftp Nhll~ ( M@^NOF']tomf Eìoinòk ( F]ENfDop ( FDOPEK@T p~}fl~ ( EK@TAtvrh Ofth Ronè`nh ( RONAtvrh Ofth vtf~}f ( O^TJfitp ^njfì ( J^@NJ^DN Jhkmìa~ ( JDN

Lfknh Nthi ( LRFKL^N@ ( LZDRtfn`~`hi No~}rot}~ ( RNR^l`}je`fkm Ehhm~ ( ÊM^hv}jf~}fti Fiftap ( QIU`~}oRtì} ( URT]Qokatffi ( QOAQok} M`~ifp ( M@^

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf -00 d`kk`hi]hr ?2 o~ & he rht}ehk`h 62&

Lfmòi lotcf} uokvf -0: d`kk`hi




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23/118

4220,42?2 dp DfphimRthzp KKN) Okk tàj}~ tf~ftufm) loivokhe`mfo~nhl Lop 4=+ 42?2 Roaf 4> he ??:

Lhji`~j Rodto`+ Rodto` Evim~

Lhji`~j Rodto` `~ ehvimft oim loioaìa rot}ift he Rodto` @iuf~}lfi} Evim~+ o eol`kp he uokvf,ht`fi}fm ìuf~}lfi}rot}ift~j`r~ `}j o eff ~}tvn}vtf ~`l`kot }h }jo} he }jf Dveef}} Rot}ift~j`r~ he }jf ?062~ oim 52~+ `f ih loioaflfi} eff oim46& rftehtloinf eff odhuf 5& oiivok jvtmkf to}f Rodto` Evim~ jouf o khia,}ftl }tonc tfnhtm uo~}kp ~vrft`ht }h }jo} he }jf^%R 622 @imfz Rodto` ehkkh~ oi ìuf~}lfi} ~}to}fap dv`k} vrhi }jf rtìn`rkf~ he Atojol+ Dveef}} oim Atffidko}}

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Rodto` Evim~



? Eo`teoz Eìoinòk ( ETEJE 1+0=4 >1426 ,?& :? 2& ;?& 0& i(o i(o ??z

4 Dftc~j`tf Jo}joop ( DTCO ?::+>02 ??=+?62 ,5& 2 9?22& ;?& 1& 42z ?0z ?0z

> Ahkmloi ônj~ ( A^ 1>+1>> ?=>4> ,?5& ??? 2& ;?& 6& 1z 1z ?4z

= @i}ftio}`hiok Nhok ( @NH 020 ==5 ,4& 4+6?> if ?& >& ?0z :z ?4z

6 Ntf~vm ( NTF^P 5=0 ?40> ,1& ?+1?0 2& >& 1& 44z 4:z i(l

5 Kfvnomò Io}`hiok ( KVC 6+510 4>>= ,5& 10? 2& ;?& 5& i(o i(o ?>z

1 Jht~fjfom ( W@IN =01 ??=1 ,>& ?+>6: 2& >& 6& ?=z ??z ?6z

: Nor`}ok^hvtnf ( N^F ?+664 =:? ,?=& 4+:?> 2& ;?& =& i(l ?>z 0z

0 Rh}o~j ( RH] >2+=01 ?240> ,?=& >>4 ,4& ;?& ?2& i(o i(o =6z

?2 ]ftfz ( ]FZ 4+55= 4=6? :& 6>? 2& ;?& =& i(l 45z ?1z

]hr Jhkmìa~ he Rodto` Evim~ Dp Mhkkot Uokvf



? Jotuf~} Io}vtok ( JIT 4:= :66 ?=& =+114 ,?6& ?=& ?4& i(l i(o 0z

4 Dthhce`fkm Rthr ( DRH 1+151 ?6=0 ?& 4+>60 2& ;?& ??& i(o i(o ??z

> Rh}o~j ( RH] >2+=01 ?240> ,?=& >>4 ,4& ;?& ?2& i(o i(o =6z

= O`t ]toi~rht} ( O]Â >61 65> 5:& 6+>:? 2& :& 0& 1z 5z 4=z

6 Eo`teoz Eìoinòk ( ETEJE 1+0=4 >1426 ,?& :? 2& ;?& 0& i(o i(o ??z

5 Dftc~j`tf Jo}joop ( DTCO ?::+>02 ??=+?62 ,5& 2 9?22& ;?& 1& 42z ?0z ?0z

1 Ntf~vm ( NTF^P 5=0 ?40> ,1& ?+1?0 2& >& 1& 44z 4:z i(l: Kfvnomò Io}`hiok ( KVC 6+510 4>>= ,5& 10? 2& ;?& 5& i(o i(o ?>z

0 Ahkmloi ônj~ ( A^ 1>+1>> ?=>4> ,?5& ??? 2& ;?& 6& 1z 1z ?4z

?2 Jht~fjfom ( W@IN =01 ??=1 ,>& ?+>6: 2& >& 6& ?=z ??z ?6z


@i}ftio}`hiok Nhok ( @NH Ihif

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf ->>= l`kk`hi

]hr ?2 o~ & he rht}ehk`h :2&





Lfmòi R ( }oia`dkf dhhc ?=z



Eìoinòk

40&

Fiftap?5&

Do~`n Lo}ftòk~?6&

H}jft=2&


24/118

4220,42?2 dp DfphimRthzp KKN) Okk tàj}~ tf~ftufm) loivokhe`mfo~nhl Lop 4=+ 42?2 Roaf 4= he ??:

Mou`m ]frrft+ Orrokhh~o

]frrft jfom~ Orrokhh~o Loioaflfi}+ j`nj jf ehvimfm ì ?00> oe}ft kfouìa Ahkmloi ônj~+ jftf jf jom dffi }jf jfom}tomft hi Ahkmloi~ jàj,p`fkm mf~c ]frrft~ ~rfnòk}p `~ ì m`~}tf~~fm ìuf~}lfi}~ oim ~rfnòk ~`}vo}`hi~

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Orrokhh~o



? Re`wft ( REF ?>2+12? ?542 ,5& 5+=64 if ;?& >& 1z 1z i(l

4 PTN Qhtkm`mf ( PTNQ =5> 2== ,?0& 40+5>? if >& ;?& i(l i(l i(l

> Olft`noi Nhllftnòk ( ONK@ 41? 4??: ,?5& 41 if ;?& ;?& 40z ?6z ?5z

= Lftnc ( LTC ?24+64: >4:: ,?4& ?+14= if ;?& 4& ?2z :z 900z

6 Jot}ehtm Eìoinòk ( J@A ??+5=2 454? ,:& 5+6:5 6& ?& 5& 0z 1z 1z

5 Ifno~}kf @iuf~}lfi} ( IN] 424 >45 ?& =+?0? ?:& 1& ;?& ?z >z i(l

1 ^vrftLfmò ( ^RLM 6:1 >1:1 ,1& 622 if >& ;?& =z 1z i(l

: ]f~hth ( ]^H ?+:4: ?40= ,1& ?+465 if ;?& ;?& i(l ??z 1z

0 Nhi}ìfi}ok O`tkìf~ ( NOK 4+::= 4256 ,5& 64: if ;?& ;?& :z 1z i(l

?2 Otcoi~o~ Df~} ( ODE^ 1?: 4:>5 ,6& ?:5 if ;?& ;?& i(l >2z ?=z

]hr Jhkmìa~ he Orrokhh~o Dp Mhkkot Uokvf



? Doic he Olft`no ( DON ?5>+0>: ?5>= ,:& >2+>=> ,>5& ;?& ?5& ?5z 0z ?1z

4 O@A ( O@A 45+62? >014 ?5& 1+=51 ,6=& ?& ?2& ?4z 0z 900z

> Qfkk~ Eotah ( QEN ?55+0>> >42= >& :+052 ,?0& ;?& 0& ?1z ??z >?z

= N`}àthvr ( N ??6+>=2 >0: ,4& 54+>04 ,66& ;?& :& ?4z 0z ?2z

6 Eè}j ]j`tm Doinhtr ( E@]D ??+?0? ?=2: =& ?1+220 ,>2& 4& :& 900z ?6z ?1z

5 Jot}ehtm Eìoinòk ( J@A ??+5=2 454? ,:& 5+6:5 6& ?& 5& 0z 1z 1z

1 ^vi]tv~} Doic~ ( ^]@ ?=+021 40:4 ??& 6+=0> ,>5& ?& 6& i(l >4z ?5z

: Thpok Doic ^nh}koim ( TD^ >:+1:2 ?>15 =& ??+4>> ,?& ;?& 6& i(o i(o =z

0 Nor`}ok Hif ( NHE ?0+64? =415 >& 4+6:5 ,4>& ;?& =& ?4z ?2z 42z

?2 Re`wft ( REF ?>2+12? ?542 ,5& 5+=64 if ;?& >& 1z 1z i(l


Olft`noi Nhllftnòk ( ONK@

Otcoi~o~ Df~} ( ODE^

Nhi}ìfi}ok O`tkìf~ ( NOK

Nhi,op ( NIQ

Ghji~hi % Ghji~hi ( GIG

Lftnc ( LTC

Re`wft ( REF

^vihnh ( ^VI

^vrftLfmò ( RLM

]f~hth ( ]^H

Uokfth Fiftap ( UKH

Pojhh/ ( PJHH

PTN Qhtkm`mf ( PTNQ

Jh~r`}ok`}p Rthrft}`f~ ( JR]

T`}f O`m ( TOM

Rht}ehk`h Lf}t`n~

^fn}ht Qfàj}ìa~

Rht}ehk`h ~`wf ->? d`kk`hi




Lfmòi R(F *}j`~ EP) ?>z

Lfmòi R(F *ifz} EP) ??z




Eìoinòk1=&

Jfok}j Notf:&

]toi~rht}o}`hi6&

H}jft

?>&


25/118


Rtfl Qo}~o+ Eo`teoz

Rtfl Qo}~o `~ }jf ehvimft+ njo`tloi oim NFH he Eo`teoz *EEJ)+ o Noiomòi rthrft}p(no~vok}p ì~vtoinf oim tfì~vtoinfe`tl Qj`kf loioaìa Eo`teoz~ ìuf~}lfi} rht}ehk`h huft }jf ro~} nhvrkf he mfnomf~+ Qo}~o jo~ dv`k} o tfrv}o}`hi o~ oio~}v}f uokvf ìuf~}ht ^hlf jouf nokkfm j`l Qottfi Dveef}} he Noiomo @i tfnfi} pfot~+ Qo}~o~ e`tl ~vnnf~~evkkp mfefimfm`}~fke oaoì~} ~jht} ~fkkft~ jh okkfafmkp nhi~r`tfm }h mtùf mhi }jf rt`nf he Eo`teoz ~}hnc oim jvt} }jf nhlroip~ dv~ìf~~

LH@ ^àiok Toic ]hr Nvttfi} @mfo~ he Eo`teoz



? @i}ftio}`hiok Nhok ( @NH 020 ==5 ,4& =6+?65 2& 44& 5& ?0z :z ?4z

4 Ghji~hi % Ghji~hi ( GIG ?15+=>= 5>01 ,4& 5+::= 2& ;?& ?=& ?>z ?4z :>z

> Ctoe} Ehhm~ ( CE] 64+>61 >22> ,?& 0+062 2& ;?& 0& ?6z ?>z i(l

= Huft~}hncnhl ( H^]C 64> 441? =2& >+>:0 2& ?6& 4& >2z 44z 900z

6 Wfi`}j Io}`hiok ( WI] ?+=>: >102 ,?& >+??: =4& :& =& :5z 65z ?=z

5 Kfufk > Nhll~ ( KUK] 4+21? ?46 ,4>& ?>0+415 2& :& 6& i(l i(l i(l

1 ^vrftLfmò ( ^RLM 6:1 >1:1 ,1& >5> if 4& ;?& =z 1z i(l

: Dftc~j`tf Jo}joop ( DTCO ?::+>02 ??=+?62 ,5& 2 9?22& ;?& ;?& 42z ?0z ?0z

0 @i}k Od~htdfi}~ ( @OZ >2 =1? 4& == if ;?& ;?& i(o i(o ?=z

?2 Dokmì % Kphi~ ( DQ@ID >60 4=4: ?& 012 2& 1& ;?& 4=z ?5z ?2z

]hr Jhkmìa~ he Eo`teoz Dp Mhkkot Uokvf



? Qfkk~ Eotah ( QEN ?55+0>> >42= >& ?=+21= ,>2& ;?& ?=& ?1z ??z >?z

4 Ghji~hi % Ghji~hi ( GIG ?15+=>= 5>01 ,4& 5+::= 2& ;?& ?=& ?>z ?4z :>z

> Afiftok Fkfn}t`n ( AF ?::+>>= ?15= ,>& 42+22: ,>4& ;?& ??& ?5z ?>z =0z

= Mfkk ( MFKK 40+552 ?6?6 ?& 4>+??1 ,>=&am

Portfolio Manager's Review: The Superinvestor Report, May 2010 (FREE Sample Issue)

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