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Shine a light on a chemical reaction, for example, and you could end up a ecting the reaction itself The same type of problem occurs with mutual funds When a fund posts big numbers, it tends to attract a good deal of attention Not only will newspapers write about its market-beating performance, but many newsletters and nancial advisors will tout the fund to their client base As this occurs, money will naturally ow into the top performing funds, while owing out of poor performers This is why there s a saying in the $7 trillion mutual fund industry: Flows follow performance Indeed, academic studies have found that the vast majority of investors, rightly or wrongly but mostly wrongly put new money into funds that are ranked by Morningstar as four- or ve-star-rated funds Yet Morningstar fund ratings are based on past performance, which means that by the time a fund has received such high marks, it is probably unlikely to repeat as a top performer When too much money ows too fast into a hot stock fund, the portfolio naturally has a way of cooling down This is because fund managers are only human They may not be able to invest all the cash immediately in highquality stocks, as we mentioned in 9 He or she may not have enough good ideas to invest this ood of money So if too much cash pours in all at once, the manager may either have to stash some of it in a cash account (until new opportunities present themselves) or invest it in a second- or third-best idea Both of these options have the a ect of dragging down a fund s performance, which might explain why hot funds cool down so often This is why it s vital not to chase performance in the absolute best performing funds Instead, you re probably better o focusing on stability and consistency of performance.



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Notice the rendered attribute is defined with a value expression that derives a boolean value (assuming the manager field is of type boolean) by calling the method isManager( ) This allows the UIOutput component to render conditionally based on whether or not the user is a manager





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This whole interaction is well suited to modeling with a UML 2 State Diagram, as shown in Figure D-2 Don t worry if you re not familiar with UML 2 State Diagrams; all will be explained next The most basic way to understand a Shale dialog is as a set of pages where one of the pages is marked as the start page, and another is marked as the end There are zero or more intermediary pages between the start and end, and the flow between all of these is governed by the Shale Dialog Manager At first glance, this doesn t seem be any more useful than the existing JSF navigation system described in 5 The benefit of the Shale Dialog Manager comes mainly from reuse It s possible to take a Shale dialog and treat it as a black box that can be called by more than one dialog subroutine, or from nondialog pages In addition, the Dialog Manager introduces a special session-scoped variable, called dialog, that is used to store state information related to the current dialog

FIGURE D-2

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really true, but it can sometimes seem that way Go for the unusual by framing your picture in a totally unexpected way One of my favorite tricks is shooting landscapes through the side view mirror of a car you can see it in Figure 3-11

Many nancial Web sites have mutual fund screening tools that allow investors to search for funds that meet certain speci c criteria While many charge investors a fee, there are plenty of free sites for fund screening Some of these free sites allow investors to screen based on a variety of sophisticated variables For example, Yahoo! Finance, the nancial page of this leading Internet portal, allows investors to search for funds based on their categories, fund families, fund rankings within their categories, past performance, expenses, loads, size, turnover, and even market capitalization If that s too complicated, you can go to MSN s Moneycentral site to screen for solid performing funds in more basic categories There is even a site that allows investors who are into socially responsible investing to screen for funds

Part V:

The first thing to note about Figure D-2 is that there are two state diagrams This is because Shale supports the notion of sub-dialogs; the Log On Dialog Use Case happens to be modeled using one outer dialog and one sub-dialog Dialogs and sub-dialogs are implemented in Shale using a stack data structure When a user enters into a dialog in a Shale application, the runtime actually pushes the dialog onto a stack If a sub-dialog is entered within that dialog, it too is pushed on the stack, and popped when the dialog exits The benefit of using sub-dialogs is cleaner encapsulation and reusability For example, you can reuse a dialog as a sub-dialog wherever it makes sense to do so Returning to Figure D-2, the outer dialog is entered via the Create New User Profile link The system checks for the existence of a cookie from a previous login, and if present, the login dialog exits If the cookie does not exist, the user is directed to the Logon Form page If the user successfully logs in, we proceed to the exit state If not, we allow the user to create a profile, at which point we enter into the sub-dialog on the right of Figure D-2 The start state for the sub-dialog is Setup, which transitions to the cancel state, the finish state, or the first page of the wizard depending on the return from the #{profile$edit setup} MethodExpression Once we reach page 1, it s a simple wizard with Next, Previous, Cancel and Finish buttons as described earlier

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