Define status and role
Define status and role, explain the difference between the two, provide illustrations.
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Status can be defined as the position or a level that an individual has attained in a society. The status changes in according to the change in social values. For example: An individual has attained a status of a teacher due to his qualification. Role is defined as the behavior expected out of a particular individual who occupies a particular position. Example: The role of a teacher is to deliver lectures, prepare examinations and to assign homework. At the same time they need to be honest, diligent and responsible.
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Investment approach of Warren Buffet: According to Benjamin Graham, the father of securities analysis, value investment was the only form of investment which means that purchasing a stock at less than its intrinsic
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