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C Understanding expressions Choose the best explanation for each of these words and phrases from the text

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  1. A Understanding main points
  2. Add the necessary words according to the model
  3. Address the letter to your partner. Pretend that he or she is listening to you with love and understanding.
  4. Anglo-Saxon words in the English language
  5. B) due to special rules of pronouncing a letter combination in words of foreign origin
  6. Be sure you know the translation of the following groups of words into

1.backed the academics (line 19)

a) disagreed with the views of academics

b) proved the theories of the academics

2.more rigorous (line 30)

a) larger

b) more thorough

3.fell out of favour (line 48)

a) analysts no longer recommended these stocks

b) stocks were no longer quoted on the stock exchange

4.stands to reason (line 69)

a) is logical

b) is difficult to explain

5.turning over your entire portfolio (line 80)

a) making a few changes to your portfolio

b) changing every investment in your portfolio

D Complete the sentence Use the appropriate form of a word in the box to complete each sentence.

beat earn outperform underperform generate monitor comprise

The return on their share portfolio beat the stock market index by 5%.

The highest-rated stocks…………..an average of 18.8% over ten years.

Analysts…………….the performance of stocks over several years.

Analysts' recommendations help investors to…………… higher returns.

Large companies…………….70% of the US market's capitalisation.

The lowest-rated stocks………………..dramatically.

Stocks which had no analysts following them……………those that did.

1. Summarise the main points from the article in your own words.

2. Give your own opinion about the value of stock market analysts.

3. Write a short report on Professor Barber's study in your own words. Use the following sub-headings:

° Purpose of study

° Method

° Results

° Discussion of results

° Conclusion

 


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