Paola Fiore SDA Bocconi Presentation 22-05-2012
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Transcript of Paola Fiore SDA Bocconi Presentation 22-05-2012
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SAN SAUNN \DBBFUY G@Y^YSFDKFEDBDST
Igoogkbt" zn unigjkdxn
saunn \dbbfuy g`
Y~ysfdkfedbdst8 Ygidnst"Nigbgjtfkc Nigkgot+
Fbsag~ja" sanun dy fbyg f
`g~usa |dbbfu sg igkydcnu8Jgpnukonks+
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Ygidnsfb Y~ysfdkfedbdst dy igkinuknc zdsa san
znbb endkj g` i~uunks |ng|bn" e~s fbyg `~s~un
jnknufsdgky+ Sag~ja igoogk un`nunkin sg
Ygidnsfb Y~ysfdkfedbdst dy san %ynpnksa
jnknufsdgk% ysnzfucyad|" zadia unv~duny safs
dk fbb fisdgky zn igkydcnu san knncy g` san
knqs ynpnk jnknufsdgky" kgs h~ys g~u gzk
jnknufsdgky knncy+
Ds fbyg dkib~cny san knnc sg dkigu|gufsn
y~ysfdkfebn |ufisdiny dksg i~bs~ufb kguoy dk
gucnu `gu san ygidnst sg |nuydys+
YGIDNSFBY^YSFDKFEDBDST
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NIGBGJDIFBY^YSFDKFEDBDST
Nigbgjdifb y~ysfdkfedbdst dy igkinuknc zdsa
san anfbsa g` san kfs~ufb nkpdugkonks" san
igkynupfsdgk g` kfs~ufb unyg~uiny" fkc san
|unynupfsdgk g` nigytysno `~kisdgky|nu`guonc et dkcdpdc~fb onoenuy fkc san
nigytysno fy f zagbn+
Ds unv~duny safs ~yn g` kfs~ufb unyg~uiny kgs
nqinnc san if|fidst g` fk nigytysno sg
unjnknufsn sano" mkgzk fy san ifuutdkj
if|fidst+
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Nigkgodi Y~ysfdkfedbdst ~yny san igkysu~is
mkgzk fy san Sud|bn Egssgo Bdkn !SEB$" gu
Saunn \y !\ugsts" \ng|bn" \bfkns$ fy g||gyncsg san sufcdsdgkfb %Egssgo Bdkn%" zadia gkbt
igkinuky dsynb` zdsa ogknsfut y~iinyy+
San Sud|bn Egssgo Bdkn igkydcnuy nigkgodi
|ugstsfedbdst igo|func sg nkpdugkonksfb
afuo gu sg ygidnsfb afuo+
NIGKGODIY^YSFDKFEDBDST !6'>$
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San SEB dy fk fiig~ksdkj `ufonzgumsafs
dkigu|gufsny san saunn cdonkydgky g`
|nu`guofkin8 Ygidfb" Nkpdugkonksfb fkc
Nigkgodi !Y~ysfdkfedbdst Un|gusdkj$+
San SEB cd``nuy `ugo gsanu sufcdsdgkfb
un|gusdkj `ufonzgumy fy ds dkib~cny
nigbgjdifb !gu nkpdugkonksfb$ fkc ygidfb
onfy~uny safs ifk en cd`sti~bs sg fyydjk
f||ug|udfsn onfky g` onfy~unonks+
NIGKGODIY^YSFDKFEDBDST !5'>$
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Nigkgodi Onfy~uny8 Nigkgodi pfudfebny
g~jas sg en pfudfebny safs cnfb zdsa san EgssgoBdkn fkc san stgz g` ogknt+
Ds ig~bc bggm fs dkigon gu nq|nkcds~uny" sfqny"
e~ydknyy ibdofsn `fisguy" no|bgtonks" fkc
e~ydknyy cdpnuydst `fisguy+
NIGKGODIY^YSFDKFEDBDST !9'>$
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Nkpdugkonksfb Onfy~uny8 Nkpdugkonksfb
pfudfebny yag~bc un|unynks onfy~unonksy g`
kfs~ufb unyg~uiny fkc unstnis |gsnksdfb
dkst~nkiny sg dsy pdfedbdst+
Ds ig~bc dkigu|gufsn fdu fkc zfsnu v~fbdst"
nknujt igky~o|sdgk" kfs~ufb unyg~uiny" ygbdc
fkc sgqdi zfysn fkc bfkc ~yn'bfkc igpnu+
Afpdkj bgkj/ufkjn sunkcy fpfdbfebn `gu nfia g`
san nkpdugkonksfb pfudfebny zg~bc anb| ~ydcnksd`t san do|fisy f |ughnis gu |gbdit zg~bc
afpn gk san funf+
NIGKGODIY^YSFDKFEDBDST !3'>$
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Ygidfb Onfy~uny8 Ygidfb pfudfebny un`nu sg
ygidfb cdonkydgky g` f igoo~kdst gu unjdgk
fkc ig~bc dkib~cn onfy~unonksy g`
nc~ifsdgk" nv~dst fkc fiinyy sg ygidfb
unyg~uiny" anfbsa fkc znbb/endkj" v~fbdst g`
bd`n fkc ygidfb if|dsfb+
NIGKGODIY^YSFDKFEDBDST !>'>$
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JGPNUKONKSFBY^YSFDKFEDBDST
Jgpnukonksfb Y~ysfdkfedbdst |udofudbt |~yany
`gu bnjdybfsdgk safs `~usanuy san gsanu saunn
igo|gknksy g` Y~ysfdkfedbdst" fisdkj fy f
ysnzfuc g` igoogk unyg~uiny fkc san |~ebdi
znbb endkj `gu ofkt jnknufsdgky" kgs gkbt san
|unynks igkysds~nksy+
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Y^YSFDKFEDBDST F
YSUFSNJDI DYY^N !6'3$ Y~ysfdkfedbdst anb| ~y ynn unbfsdgkyad|y
ensznnk dyy~ny fkc ogun fii~ufsnbt
`gunifys zafs oft gii~u dk san `~s~un+
Y~ysfdkfedbdst nqfodkny g~u zgubc fy f
zagbn ytysno" unpnfbdkj saunfsy fkc
g||gus~kdsdny+
Ds `guiny ~y sg ynn unbfsdgkyad|y ensznnkygidfb" nigkgodi fkc nkpdugkonksfb sunkcy+
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Y~ysfdkfedbdst iafbbnkjny ~y sg ofmn
cnidydgky safs ifk do|ugpn san nigkgot" san
igoo~kdst fkc san nkpdugkonks+
Sady iafbbnkjn oft ynno `fu g~sydcn san
yig|n g` e~ydknyyuny|gkydedbdst+ Zat yag~bc
e~ydknyy nqfodkn dsy do|fisy gk y~ia dyy~ny7
+++Dk f jbgefb fkc igkknisnc zgubc" zafsaf||nky nbynzanun ifk f``nis ~y+++
Y^YSFDKFEDBDST F
YSUFSNJDI DYY^N !5'3$
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Zat Y~ysfdkfedbdst dy cufzdkj yg o~ia
fssnksdgk7
6$ Sufky`guofsdpn zgubczdcn sunkcy=
5$ Y~ysfdkfedbdst dy f kfs~ufb nqsnkydgk g` gsanu
gujfkdxfsdgkfb iafkjny=
9$ Kfs~ufb unyg~uiny fun kgz f bdodsdkj `fisgu=
3$ Nkpdugkonksfb dyy~ny fun enigodkj jbgefb=
Y^YSFDKFEDBDST F
YSUFSNJDI DYY^N !9'3$
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>$ Anfbsa igkinuky fun udydkj=
0$ Ygidfb" nkpdugkonksfb fkc nigkgodi `fisguy fun
iunfsdkj dkysfedbdst=
:$ Nknujt y~||bt dy f ydjkdstifks saunfs=
1$ Sanyn |ugebnoy fun ~kigpnudkj knz
g||gus~kdsdny= fkc"
4$ Y~ysfdkfedbdst snkcy sg |ugc~in o~bsd|bn"
~kdksnkcnc enknstsy+
Y^YSFDKFEDBDST F
YSUFSNJDI DYY^N !3'3$
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SAN ENKN@DSY G@
Y^YSFDKFEDBDST !6'5$ Anun fun ygon g` san enknstsy zn yag~bc
nq|nis zank zn noeufin Y~ysfdkfedbdst8
6$ Unc~in nknujt" zfysn fkc igysy=
5$ Cd` nunksdfsn g~uynb` fkc g~u gujfkdxfsdgk=
9$ Ydcnysn| ~s~un bfzy fkc unj~bfsdgky=
3$ Iunfsn dkkgpfsdpn knz |ugc~isy gu |uginyyny=
>$ G|nk knz ofumnsy=
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0$ Fssufis fkc unsfdk san enys no|bgtnny=
:$ Do|ugpn g~u igo|fkty dofjn zdsaysfmnagbcnuy fkc san |~ebdi=
1$ Unc~in bnjfb udym fkc dky~ufkin igysy=
4$ \ugpdcn f adjanu v~fbdst g` bd`n fkc zgum+
SAN ENKN@DSY G@
Y^YSFDKFEDBDST !5'5$
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SAN SAUNFSY G@
Y^YSFDKFEDBDST !6'5$ Anun fun ygon g` san saunfsy zn yag~bc nq|nis
d` zn cgks noeufin Y~ysfdkfedbdst8
6$ Bdfedbdst gu |gbb~sfksy=
5$ Y~||bt |ugebnoy zdsa ufz ofsnudfby fkc
nknujt=
9$ Fssfimy gk g~u igo|fkty dofjn=
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SAN SAUNFSY G@
Y^YSFDKFEDBDST !5'5$3$ Bnjfb udymy=>$ Efc/og~sadkj g` g~u |ugc~is=
0$ Endkj ibgync g~s g` inusfdk ofumnsy+
Sanun fun udymy dk |~uy~dkj Y~ysfdkfedbdst" ogun
nfydbt ofkfjnfebn safk sagyn g` kgk |~uy~dkj ds8
6$ Junnkzfyadkj" 5$ Ifkkdefbdxdkj g~u gzk
e~ydknyy !ofmn geygbnsn igun |ugc~is'ynupdin$"
9$ Ufdydkj ~kunfbdysdi nq|nisfsdgky+
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
Egoefucdnudy fogkj san sg| zgubcy ofk~`fis~unuy g` |bfkny fkc sufdky+
Ds dy npgbpdkj ogedbdst zgubczdcn sg ofmn nfydnu fkc ogun y~ysfdkfebn `gu
|ng|bn sg igkknis zdsa gkn fkgsanu+
Egoefucdnudy |unynks dk ogun safk 0< ig~ksudny" zdsa :0 |ugc~isdgk fkc
nkjdknnudkj ydsny= :
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
Egoefucdnuiunfsnc dsy knz Igu|gufsn Ysufsnjt dk 5$ Junfsnu IYU+
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
Egoefucdnuy f||ugfia sg Igu|gufsn Jgpnukfkin fdoy sg8
D+ \ugogsdkj nsadifb enafpdg~u!Igcn g` Nsadiy fkc E~ydknyy Igkc~is$=
DD+ Ysunkjsankdkj dsy jgpnukfkin !Egfuc g` Cdunisguy nbnisnc npnut tnfu$=
DDD+ Do|ugpdkj Udym Ofkfjnonks !@dkfkin fkc Udym Ofkfjnonks Igoodssnn=Cdunisgu g` Nsadiy fkc Igo|bdfkin$=
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
DP+ Ogpdkj `guzfuc IYU Jgpnukfkin ]Ysufsnjdi f||ugfia sg IYU dy fk dksnjufb
|fus g` san Igu|gufsn Ysufsnjt G~u Zft @guzfuc= knz IYU jgpnukfkin
ysu~is~un dkib~cdkj f ogun n``nisdpn IYU Igoodssnn zdsa eugfcnu nq|nusdyn=
dkdsdfsdpny sg do|ugpn IYU |nu`guofkin dk `g~u mnt funfy y~ia fy 6$
Igoo~kdst Dkpnysonks" 5$ Ysfmnagbcnu Nkjfjnonks" 9$ No|bgtnn
Pgb~ksnnudkj" 3$ IYU Un|gusdkj & Igoo~kdifsdgk= y|nidsti fbbgifsncunyg~uiny sg do|bnonks IYU f||ugpnc dkdsdfsdpny_+
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
Egoefucdnuiunfsnc dsy gzk \ugc~is Uny|gkydedbdst Ysufsnjt8
D+ Ofmdkj ofyy sufkyds npnk ogun y~ysfdkfebn !bf~kiadkj san NIG3 y~dsn g`
i~ysgodxfebn ygb~sdgky dk Yn|snoenu 5
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
DD+ Cnydjkdkj zdsa san Nkpdugkonks dk odkc ]AYN \gbdit dkigu|gufsnc dk j~dcdkj
|udkid|bn g` cnydjkdkj |ugc~isy zdsa odkdofb nkpdugkonksfb do|fis= \ugc~is
Uny|gkydedbdst Ysufsnjt dkib~cnc saunn iguknuysgkny `gu fcpfkidkj
y~ysfdkfebn ogedbdst86$ Cnydjk `gu Nkpdugkonks !C`N$ \ugjufo" 5$ Bd`n Itibn
Fyynyyonksy !BIFy$" fkc 9$ Nkpdugkonksfb \ugc~is Cnibfufsdgky !N\Cy$+++=
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
DD+ +++= BIFy fbyg j~dcnc dk odkdodxdkj |ugc~isy nkpdugkonksfb bd`nitibn do|fisy
fkc `guo san efydy g` N\Cy= N\Cy y~oofudxnc f |ugc~isy nkpdugkonksfb
do|fis" yns f efynbdkn `gu `~usanu |ugc~is/unbfsnc nkpdugkonksfb do|ugpnonksy
fkc nkafkinc nkpdugkonksfb un|gusdkj_=
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
DDD+ Sfimbdkj fpdfsdgk nodyydgky !n``nisdpnbt fccunyy e~ydknyy fpdfsdgky ibdofsn
iafkjn do|fis dk f jbgefb dkc~ysut/zdcn ygb~sdgk$=
DP+ @~nbbdkj Nkpdugkonksfbbt @gi~ync Dkkgpfsdgky !cnpnbg|dkj junnknu
sniakgbgjdny" fduiuf`s" g|nufsdgky fkc fpdfsdgk dk`ufysu~is~uny$=
P+ Nq|fkcdkj Ifuegk G``yns \ugjufo !Ifuegk G``yns \ugjufo safs fbbgz
g|nufsguy sg g``yns fduiuf`s nodyydgky et `~kcdkj |ughnisy zgubczdcn sg unc~in
fk nv~fb fog~ks g` IG5 nodyydgky$+
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
Egoefucdnustkn/s~knc dsy gzk Y~ysfdkfedbdst G|nufsdgky8
D+ Ofkfjdkj nknujt fkc ifuegk ogun n``nisdpnbt !bf~kianc f jbgefb nknujt fkc
ifuegk fyynyyonks g` g|nufsdgky - dkpnksgut g` nknujt yg~uiny fkc JAJ
nodyydgky fs 1> ydsny= dcnksdstnc `fidbdsdny zdsa san junfsnys g||gus~kdsdny `gu
nknujt/n`stidnkit do|ugpnonksy fkc JAJ nodyydgk unc~isdgky= cnpnbg|nc f
ogun igo|unankydpn Nknujt fkc Ifuegk Ofkfjnonks Ysufsnjt / NIOY sganb| unfia knz sfujnsy$=
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
DD+ Cufzdkj Cgzk Ifuegk @ggs|udks !ydjknc san Ig|nkafjnk Igoo~kdv~ fy f
bnfc/~| sg san ^K Ibdofsn iafkjn Igk`nunkin `gu f jbgefb cnfb gk Ibdofsn
Iafkjn= unc~inc g|nufsdgky ifuegk `ggs|udks saug~ja nknujt/n`stidnkit
|ugjufoy" |uginyy ogcdstifsdgky fkc unknzfebn nknujt yg~uiny$=
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
DDD+ Nknujt N`stidnkit fkc \uginyy Ogcdstifsdgky !cnpnbg|nc dkdsdfsdpny sg onnsigo|fkty jbgefb unc~isdgk gehnisdpny fkc sfujnsy= ogcdstifsdgky sg |uginyyny
nkfebnc fiadnpn ydxnfebn unc~isdgky dk JAJ nodyydgky fkc nknujt
igky~o|sdgk$=
DP+ Unknzfebn Nknujt Yg~uiny !~ync ydjkdstifks unknzfebn atcug/nbnisudidst dk
ofhgu ofk~`fis~udkj ydsny dk V~env" Ifkfcf= ogun igo|unankydpn~kcnuysfkcdkj g` ydsny junnk nknujt ~yn zgubczdcn$=
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
P+ Do|ugpdkj AYN Cfsf ]nkafkinc fii~ufit fkc dksnjudst g` AYN cfsf= ~ync fbnfcdkj AYN Dk`guofsdgk Ofkfjnonks Ytysno sg |ugpdcn junfsnu cfsf v~fbdst"
dksnjudst fkc sufinfedbdst `gu Y~ysfdkfedbdst Un|gusdkj |~u|gyny= fccnc saunn knz
nkpdugkonksfb dkcdifsguy sg ogkdsgu AYN |nu`guofkin y~ia fy 6$ zfysn
pfbgudxfsdgk dkcnq" 5$ ~yn g` pgbfsdbn gujfkdi igo|g~kcy / PGIy" fkc 9$ k~oenu
g` nkpdugkonksfb dkidcnksy_+
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
Egoefucdnudksnjufsnc Y~ysfdkfedbdst dksg dsy gzk Y~||bt Iafdk8
D+ Nkig~ufjdkj Adja Nsadifb Ysfkcfucy !Y~||bdnu Igcn g` Igkc~is= Y~||bdnu
Npfb~fsdgk fkc F||ugpfb \uginyy= Igo|bdfkin |ugjufoy fkc nqsnukfb f~cdsy
zdsadk san `ufonzgum g` san Fyygidfsdgk g` san N~ug|nfk Ufdb Dkc~ysut / ^KD@N
sg afuogkdxn n``gusy dk sady funf$=
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
DD+ Nkjfjdkj Y~||bdnuy dk Y~ysfdkfebn Cnydjk !dkpgbpnc y~||bdnuy dk C`N fkc BIF
|uginyyny sg dkst~nkin y~||bdnu cnidydgky fkc unc~in igo|fkty |ugc~isy
nkpdugkonksfb bd`nitibn `ggs|udks= nkig~ufjnc y~||bdnuy sg ynbnis ofsnudfby fkc
|uginyyny safs nkafkin igo|fkty |ugc~isy nkc/g`/bd`n unitibfedbdst=hgdks
unynfuia fkc cnpnbg|onks fisdpdsdnyzdsa y~||bdnuy tdnbc sniakgbgjdny sg
`~usanu do|ugpn igo|fkty |ugc~isy nkpdugkonksfb |nu`guofkin$=
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
DDD+ Do|ugpdkj Y~||bt Iafdk \nu`guofkin !do|bnonksnc |ugjufoy sg
ytysnofsdifbbt onfy~un fkc ofkfjn y~||bdnu |nu`guofkin= do|ugpnc
|ugc~isdpdst fkc v~fbdst" unogpnc kgk/pfb~n fisdpdsdny" dksnjufsnc |uginyyny fkc
do|bnonksnc bnfk sniakdv~ny= |ugjufoy dkib~cnc f udjgug~y ynbnisdgk |uginyy
sg pnud`t igo|bdfkin feg~s y~||bdnu v~fbdst fkc v~fbdstifsdgky$=
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
DP+ Igoo~kdifsdkj zdsa Y~||bdnuy !Y~||bdnu Igoo~kdifsdgk \bfk sg `gysnu bgkj/snuo ysufsnjdi fbbdfkiny zdsa mnt y~||bdnuy fkc do|ugpnc y~||bt iafdk
|nu`guofkin= y~||bdnu fcpdygut fkc sniakdifb egfucy sg `fidbdsfsn igbbfegufsdgk
gk ofumns ysufsnjdny" sniakgbgjt ugfcof|y fkc e~ydknyy igksdk~dst= y~||bdnu
`gu~oy sg nkjfjn y~||bdnuy dk cdyi~yydgky gk mnt ofumns dyy~ny" nky~udkj f
igoogk ~kcnuysfkcdkj g` iafbbnkjny fkc ysufsnjdny= bf~kianc san Egoefucdnu
Y~||bdnuy Fcpdygut Egfuc dk 5
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NKPDUGKONKSFB Y^YSFDKFEDBDST DK SAN UFDBZFTSNIAKGBGJT8 SAN EGOEFUCDNU OGCNB
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
Egoefucdnu|ugogsnc san Jbgefb Igo|fisy 6< \udkid|bny8
D+ Nkig~ufjdkj Adja Nsadifb Ysfkcfucy !A~ofk Udjasy" Bfeg~u Ysfkcfucy"
Nkpdugkonks" Fksd/Iguu~|sdgk$=
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SAN EGOEFUCDNU OGCNB8 IGKIB^YDGKY
F IFYN YS^CT G@NKPDUGKONKSFB Y^YSFDKFEDBDST
Egoefucdnuiunfsnc dsy gzk ogcnb `gu nigkgodi y~ysfdkfedbdst fkc
igky~o|sdgk g` |ugc~isy" |~uy~dkj san gehnisdpny g`8
6$ Nknujt yfpdkjy=
5$ Do|ugpnc n`stidnkit=
9$ Fiadnpdkj f unfygkfebn nigkgodi pfb~n= fkc
3$ \ugsnisdkj san nkpdugkonks+
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^YN@^B BDKM GKY^YSFDKFEDBDST
5
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