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But in achieving that 10 percent average annual return, this stock showed tremendous stability, which is desirable from the standpoint of being an investor In the rst year the stock hit its 10 percent average In the second it fell just 2 percentage points shy of its 10 percent average And in the third year it did 2 percent better than its average Its standard deviation, then, roughly speaking, would be around 2 On the other hand, if your stock rose 10 percent in the rst year, rose 40 percent in the second, but fell 20 percent in the third, it too would have generated 10 percent average annual returns But in so doing, its standard deviation would have been closer to 30 All things being equal, the lower the standard deviation, the less risky an investment may be



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Another change in JSF 12 is the removal of the decorator pattern in favor of a chain of responsibility (CoR) pattern for extending the EL The use of the CoR pattern makes it

12:

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impossible to accidentally break the EL by forgetting to delegate to the existing implementation, as well as making it impossible to redefine implicit objects already defined in the specification The EL implementation maintains a chain of ELResolver instances for various kinds of expression elements When presented with an expression, the EL implementation walks down the chain for each part of the expression until one of the resolvers in the chain successfully resolves the expression part This success is signaled by setting a flag: the resolver calling setPropertyResolved(true) on the ELContext that is passed to every call on every ELResolver in the chain The EL implementation checks the flag by calling getPropertyResolved( ) on the ELContext after every call on every resolver in the chain, and if it returns true, the next part of the expression is evaluated, starting again at the head of the chain The ELResolver chain is shown in Figure 12-1 Let s take a generic example (not relating to the Virtual Trainer example) to clarify the resolution process Let s say we have a request-scoped managed bean named user that has a friends property whose value is a Map of names to other user instances Also, the user bean also has a property called address that is a String Such an expression could look like #{user friendsjeffaddress} Assume this is the first time the user-managed bean is being resolved and therefore it hasn t yet been instantiated Before diving into the resolution process for this expression, first some terminology Each part of the expression is seen by the EL as a base object, and a property object For example, when evaluating the last part of the expression, jeff is the base, while address is the property A special case is the first part of the expression, for which the base is null.

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Stocks and bonds are entirely di erent animals When you invest in a stock, you are assuming the role of an owner When you invest in a bond, however, you re playing the part of a bank Bond investors in e ect loan money to

enabling concept that permits the JSF 11 concepts of VariableResolver and PropertyResolver to be combined into the ELResolver If the base is null, an ELResolver functions much like a VariableResolver Otherwise, it functions as a PropertyResolver

Part II:

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companies or governments or other entities that issue this form of debt to raise money for particular purposes These loans come with speci c terms For instance, bonds have xed maturity dates, at which point the bond issuer promises to pay you back your principal, or original investment, in full So, if you are investing in a 10-year Treasury security, the federal government promises to pay you back your original investment a decade from now In addition, the bond issuer promises to compensate investors for the loan by paying a xed amount of interest along the way This is one reason why bonds are casually referred to as xed-income instruments If you purchase a new 10-year bond at par value, or face value, promising a 6 percent coupon, you can expect a 6 percent yield or return on the bond based on your purchase price

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