SlideShare une entreprise Scribd logo

Artofwar

•
•
Twinkle corp.
Twinkle corp.

Art of war by Sun Tzu

1  sur  51
Télécharger pour lire hors ligne
8,) %68 3* ;%6 &= 792 8>9 8VERWPEXIH F] 0MSRIP +MPIW 3VMKMREPP] TYFPMWLIH 8LMW ZIVWMSR [EW KIRIVEXIH EYXSQEXMGEPP] EX [[[ WYRX^YWEMH GSQ
8EFPI SJ 'SRXIRXW ',%48)6 0%=-2+ 40%27 ',%48)6 ;%+-2+ ;%6 ',%48)6 %88%'/ &= 786%8%+)1 ',%48)6 8%'8-'%0 (-7437-8-327 ',%48)6 )2)6+= ',%48)6 ;)%/ 43-287 %2( 78632+ ',%48)6 1%2)9:)6-2+ ',%48)6 :%6-%8-32 -2 8%'8-'7 ',%48)6 8,) %61= 32 8,) 1%6', ',%48)6 8)66%-2 ',%48)6 8,) 2-2) 7-89%8-327 ',%48)6 8,) %88%'/ &= *-6) ',%48)6 8,) 97) 3* 74-)7 [[[ WYRX^YWEMH GSQ
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
8LIWI JMZI LIEHW WLSYPH FI JEQMPMEV XS IZIV] KIRIVEP LI [LS ORS[W XLIQ [MPP FI ZMGXSVMSYW LI [LS ORS[W XLIQ RSX [MPP JEMP 8LIVIJSVI MR ]SYV HIPMFIVEXMSRW [LIR WIIOMRK XS HIXIVQMRI XLI QMPMXEV] GSRHMXMSRW PIX XLIQ FI QEHI XLI FEWMW SJ E GSQTEVMWSR MR XLMW [MWI ;LMGL SJ XLI X[S WSZIVIMKRW MW MQFYIH [MXL XLI 1SVEP PE[# ;LMGL SJ XLI X[S KIRIVEPW LEW QSWX EFMPMX]# ;MXL [LSQ PMI XLI EHZERXEKIW HIVMZIH JVSQ ,IEZIR ERH )EVXL# 3R [LMGL WMHI MW HMWGMTPMRI QSWX VMKSVSYWP] IRJSVGIH# ;LMGL EVQ] MW WXVSRKIV# 3R [LMGL WMHI EVI SJJMGIVW ERH QIR QSVI LMKLP] XVEMRIH# -R [LMGL EVQ] MW XLIVI XLI KVIEXIV GSRWXERG] FSXL MR VI[EVH ERH TYRMWLQIRX# &] QIERW SJ XLIWI WIZIR GSRWMHIVEXMSRW - GER JSVIGEWX ZMGXSV] SV HIJIEX 8LI KIRIVEP XLEX LIEVOIRW XS Q] GSYRWIP ERH EGXW YTSR MX [MPP GSRUYIV PIX WYGL E SRI FI VIXEMRIH MR GSQQERH 8LI KIRIVEP XLEX LIEVOIRW RSX XS Q] GSYRWIP RSV EGXW YTSR MX [MPP WYJJIV HIJIEX PIX WYGL E SRI FI HMWQMWWIH ;LMPI LIIHMRK XLI TVSJMX SJ Q] GSYRWIP EZEMP ]SYVWIPJ EPWS SJ ER] LIPTJYP GMVGYQWXERGIW SZIV ERH FI]SRH XLI SVHMREV] VYPIW %GGSVHMRK EW GMVGYQWXERGIW EVI JEZSVEFPI SRI WLSYPH QSHMJ] SRI W TPERW %PP [EVJEVI MW FEWIH SR HIGITXMSR ,IRGI [LIR EFPI XS EXXEGO [I QYWX WIIQ YREFPI [LIR YWMRK SYV JSVGIW [I QYWX WIIQ MREGXMZI [LIR [I EVI RIEV [I QYWX QEOI XLI IRIQ] FIPMIZI [I EVI JEV E[E] [LIR JEV E[E] [I QYWX QEOI LMQ FIPMIZI [I EVI RIEV [[[ WYRX^YWEMH GSQ
,SPH SYX FEMXW XS IRXMGI XLI IRIQ] *IMKR HMWSVHIV ERH GVYWL LMQ -J LI MW WIGYVI EX EPP TSMRXW FI TVITEVIH JSV LMQ -J LI MW MR WYTIVMSV WXVIRKXL IZEHI LMQ -J ]SYV STTSRIRX MW SJ GLSPIVMG XIQTIV WIIO XS MVVMXEXI LMQ 4VIXIRH XS FI [IEO XLEX LI QE] KVS[ EVVSKERX -J LI MW XEOMRK LMW IEWI KMZI LMQ RS VIWX -J LMW JSVGIW EVI YRMXIH WITEVEXI XLIQ %XXEGO LMQ [LIVI LI MW YRTVITEVIH ETTIEV [LIVI ]SY EVI RSX ITIGXIH 8LIWI QMPMXEV] HIZMGIW PIEHMRK XS ZMGXSV] QYWX RSX FI HMZYPKIH FIJSVILERH 2S[ XLI KIRIVEP [LS [MRW E FEXXPI QEOIW QER] GEPGYPEXMSRW MR LMW XIQTPI IVI XLI FEXXPI MW JSYKLX 8LI KIRIVEP [LS PSWIW E FEXXPI QEOIW FYX JI[ GEPGYPEXMSRW FIJSVILERH 8LYW HS QER] GEPGYPEXMSRW PIEH XS ZMGXSV] ERH JI[ GEPGYPEXMSRW XS HIJIEX LS[ QYGL QSVI RS GEPGYPEXMSR EX EPP -X MW F] EXXIRXMSR XS XLMW TSMRX XLEX - GER JSVIWII [LS MW PMOIP] XS [MR SV PSWI [[[ WYRX^YWEMH GSQ
',%48)6 ;%+-2+ ;%6 7YR 8^Y WEMH -R XLI STIVEXMSRW SJ [EV [LIVI XLIVI EVI MR XLI JMIPH E XLSYWERH W[MJX GLEVMSXW EW QER] LIEZ] GLEVMSXW ERH E LYRHVIH XLSYWERH QEMP GPEH WSPHMIVW [MXL TVSZMWMSRW IRSYKL XS GEVV] XLIQ E XLSYWERH 0- XLI ITIRHMXYVI EX LSQI ERH EX XLI JVSRX MRGPYHMRK IRXIVXEMRQIRX SJ KYIWXW WQEPP MXIQW WYGL EW KPYI ERH TEMRX ERH WYQW WTIRX SR GLEVMSXW ERH EVQSV [MPP VIEGL XLI XSXEP SJ E XLSYWERH SYRGIW SJ WMPZIV TIV HE] 7YGL MW XLI GSWX SJ VEMWMRK ER EVQ] SJ QIR ;LIR ]SY IRKEKI MR EGXYEP JMKLXMRK MJ ZMGXSV] MW PSRK MR GSQMRK XLIR QIR W [IETSRW [MPP KVS[ HYPP ERH XLIMV EVHSV [MPP FI HEQTIH -J ]SY PE] WMIKI XS E XS[R ]SY [MPP ILEYWX ]SYV WXVIRKXL %KEMR MJ XLI GEQTEMKR MW TVSXVEGXIH XLI VIWSYVGIW SJ XLI 7XEXI [MPP RSX FI IUYEP XS XLI WXVEMR 2S[ [LIR ]SYV [IETSRW EVI HYPPIH ]SYV EVHSV HEQTIH ]SYV WXVIRKXL ILEYWXIH ERH ]SYV XVIEWYVI WTIRX SXLIV GLMIJXEMRW [MPP WTVMRK YT XS XEOI EHZERXEKI SJ ]SYV IXVIQMX] 8LIR RS QER LS[IZIV [MWI [MPP FI EFPI XS EZIVX XLI GSRWIUYIRGIW XLEX QYWX IRWYI 8LYW XLSYKL [I LEZI LIEVH SJ WXYTMH LEWXI MR [EV GPIZIVRIWW LEW RIZIV FIIR WIIR EWWSGMEXIH [MXL PSRK HIPE]W 8LIVI MW RS MRWXERGI SJ E GSYRXV] LEZMRK FIRIJMXIH JVSQ TVSPSRKIH [EVJEVI -X MW SRP] SRI [LS MW XLSVSYKLP] EGUYEMRXIH [MXL XLI IZMPW SJ [EV XLEX GER XLSVSYKLP] YRHIVWXERH XLI TVSJMXEFPI [E] SJ GEVV]MRK MX SR [[[ WYRX^YWEMH GSQ
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
8LYW [I QE] ORS[ XLEX XLIVI EVI JMZI IWWIRXMEPW JSV ZMGXSV] ,I [MPP [MR [LS ORS[W [LIR XS JMKLX ERH [LIR RSX XS JMKLX ,I [MPP [MR [LS ORS[W LS[ XS LERHPI FSXL WYTIVMSV ERH MRJIVMSV JSVGIW ,I [MPP [MR [LSWI EVQ] MW ERMQEXIH F] XLI WEQI WTMVMX XLVSYKLSYX EPP MXW VEROW ,I [MPP [MR [LS TVITEVIH LMQWIPJ [EMXW XS XEOI XLI IRIQ] YRTVITEVIH ,I [MPP [MR [LS LEW QMPMXEV] GETEGMX] ERH MW RSX MRXIVJIVIH [MXL F] XLI WSZIVIMKR ,IRGI XLI WE]MRK -J ]SY ORS[ XLI IRIQ] ERH ORS[ ]SYVWIPJ ]SY RIIH RSX JIEV XLI VIWYPX SJ E LYRHVIH FEXXPIW -J ]SY ORS[ ]SYVWIPJ FYX RSX XLI IRIQ] JSV IZIV] ZMGXSV] KEMRIH ]SY [MPP EPWS WYJJIV E HIJIEX -J ]SY ORS[ RIMXLIV XLI IRIQ] RSV ]SYVWIPJ ]SY [MPP WYGGYQF MR IZIV] FEXXPI [[[ WYRX^YWEMH GSQ
',%48)6 8%'8-'%0 (-7437-8-327 7YR 8^Y WEMH 8LI KSSH JMKLXIVW SJ SPH JMVWX TYX XLIQWIPZIW FI]SRH XLI TSWWMFMPMX] SJ HIJIEX ERH XLIR [EMXIH JSV ER STTSVXYRMX] SJ HIJIEXMRK XLI IRIQ] 8S WIGYVI SYVWIPZIW EKEMRWX HIJIEX PMIW MR SYV S[R LERHW FYX XLI STTSVXYRMX] SJ HIJIEXMRK XLI IRIQ] MW TVSZMHIH F] XLI IRIQ] LMQWIPJ 8LYW XLI KSSH JMKLXIV MW EFPI XS WIGYVI LMQWIPJ EKEMRWX HIJIEX FYX GERRSX QEOI GIVXEMR SJ HIJIEXMRK XLI IRIQ] ,IRGI XLI WE]MRK 3RI QE] /23; LS[ XS GSRUYIV [MXLSYX FIMRK EFPI XS (3 MX 7IGYVMX] EKEMRWX HIJIEX MQTPMIW HIJIRWMZI XEGXMGW EFMPMX] XS HIJIEX XLI IRIQ] QIERW XEOMRK XLI SJJIRWMZI 7XERHMRK SR XLI HIJIRWMZI MRHMGEXIW MRWYJJMGMIRX WXVIRKXL EXXEGOMRK E WYTIVEFYRHERGI SJ WXVIRKXL 8LI KIRIVEP [LS MW WOMPPIH MR HIJIRWI LMHIW MR XLI QSWX WIGVIX VIGIWWIW SJ XLI IEVXL LI [LS MW WOMPPIH MR EXXEGO JPEWLIW JSVXL JVSQ XLI XSTQSWX LIMKLXW SJ LIEZIR 8LYW SR XLI SRI LERH [I LEZI EFMPMX] XS TVSXIGX SYVWIPZIW SR XLI SXLIV E ZMGXSV] XLEX MW GSQTPIXI 8S WII ZMGXSV] SRP] [LIR MX MW [MXLMR XLI OIR SJ XLI GSQQSR LIVH MW RSX XLI EGQI SJ IGIPPIRGI 2IMXLIV MW MX XLI EGQI SJ IGIPPIRGI MJ ]SY JMKLX ERH GSRUYIV ERH XLI [LSPI )QTMVI WE]W ;IPP HSRI [[[ WYRX^YWEMH GSQ
8S PMJX ER EYXYQR LEMV MW RS WMKR SJ KVIEX WXVIRKXL XS WII XLI WYR ERH QSSR MW RS WMKR SJ WLEVT WMKLX XS LIEV XLI RSMWI SJ XLYRHIV MW RS WMKR SJ E UYMGO IEV ;LEX XLI ERGMIRXW GEPPIH E GPIZIV JMKLXIV MW SRI [LS RSX SRP] [MRW FYX IGIPW MR [MRRMRK [MXL IEWI ,IRGI LMW ZMGXSVMIW FVMRK LMQ RIMXLIV VITYXEXMSR JSV [MWHSQ RSV GVIHMX JSV GSYVEKI ,I [MRW LMW FEXXPIW F] QEOMRK RS QMWXEOIW 1EOMRK RS QMWXEOIW MW [LEX IWXEFPMWLIW XLI GIVXEMRX] SJ ZMGXSV] JSV MX QIERW GSRUYIVMRK ER IRIQ] XLEX MW EPVIEH] HIJIEXIH ,IRGI XLI WOMPPJYP JMKLXIV TYXW LMQWIPJ MRXS E TSWMXMSR [LMGL QEOIW HIJIEX MQTSWWMFPI ERH HSIW RSX QMWW XLI QSQIRX JSV HIJIEXMRK XLI IRIQ] 8LYW MX MW XLEX MR [EV XLI ZMGXSVMSYW WXVEXIKMWX SRP] WIIOW FEXXPI EJXIV XLI ZMGXSV] LEW FIIR [SR [LIVIEW LI [LS MW HIWXMRIH XS HIJIEX JMVWX JMKLXW ERH EJXIV[EVHW PSSOW JSV ZMGXSV] 8LI GSRWYQQEXI PIEHIV GYPXMZEXIW XLI QSVEP PE[ ERH WXVMGXP] EHLIVIW XS QIXLSH ERH HMWGMTPMRI XLYW MX MW MR LMW TS[IV XS GSRXVSP WYGGIWW -R VIWTIGX SJ QMPMXEV] QIXLSH [I LEZI JMVWXP] 1IEWYVIQIRX WIGSRHP] )WXMQEXMSR SJ UYERXMX] XLMVHP] 'EPGYPEXMSR JSYVXLP] &EPERGMRK SJ GLERGIW JMJXLP] :MGXSV] 1IEWYVIQIRX S[IW MXW IMWXIRGI XS )EVXL )WXMQEXMSR SJ UYERXMX] XS 1IEWYVIQIRX 'EPGYPEXMSR XS )WXMQEXMSR SJ UYERXMX] &EPERGMRK SJ GLERGIW XS 'EPGYPEXMSR ERH :MGXSV] XS &EPERGMRK SJ GLERGIW [[[ WYRX^YWEMH GSQ
% ZMGXSVMSYW EVQ] STTSWIH XS E VSYXIH SRI MW EW E TSYRH W [IMKLX TPEGIH MR XLI WGEPI EKEMRWX E WMRKPI KVEMR 8LI SRVYWL SJ E GSRUYIVMRK JSVGI MW PMOI XLI FYVWXMRK SJ TIRX YT [EXIVW MRXS E GLEWQ E XLSYWERH JEXLSQW HIIT [[[ WYRX^YWEMH GSQ
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
',%48)6 ;)%/ 43-287 %2( 78632+ 7YR 8^Y WEMH ;LSIZIV MW JMVWX MR XLI JMIPH ERH E[EMXW XLI GSQMRK SJ XLI IRIQ] [MPP FI JVIWL JSV XLI JMKLX [LSIZIV MW WIGSRH MR XLI JMIPH ERH LEW XS LEWXIR XS FEXXPI [MPP EVVMZI ILEYWXIH 8LIVIJSVI XLI GPIZIV GSQFEXERX MQTSWIW LMW [MPP SR XLI IRIQ] FYX HSIW RSX EPPS[ XLI IRIQ] W [MPP XS FI MQTSWIH SR LMQ &] LSPHMRK SYX EHZERXEKIW XS LMQ LI GER GEYWI XLI IRIQ] XS ETTVSEGL SJ LMW S[R EGGSVH SV F] MRJPMGXMRK HEQEKI LI GER QEOI MX MQTSWWMFPI JSV XLI IRIQ] XS HVE[ RIEV -J XLI IRIQ] MW XEOMRK LMW IEWI LI GER LEVEWW LMQ MJ [IPP WYTTPMIH [MXL JSSH LI GER WXEVZI LMQ SYX MJ UYMIXP] IRGEQTIH LI GER JSVGI LMQ XS QSZI %TTIEV EX TSMRXW [LMGL XLI IRIQ] QYWX LEWXIR XS HIJIRH QEVGL W[MJXP] XS TPEGIW [LIVI ]SY EVI RSX ITIGXIH %R EVQ] QE] QEVGL KVIEX HMWXERGIW [MXLSYX HMWXVIWW MJ MX QEVGLIW XLVSYKL GSYRXV] [LIVI XLI IRIQ] MW RSX =SY GER FI WYVI SJ WYGGIIHMRK MR ]SYV EXXEGOW MJ ]SY SRP] EXXEGO TPEGIW [LMGL EVI YRHIJIRHIH =SY GER IRWYVI XLI WEJIX] SJ ]SYV HIJIRWI MJ ]SY SRP] LSPH TSWMXMSRW XLEX GERRSX FI EXXEGOIH ,IRGI XLEX KIRIVEP MW WOMPPJYP MR EXXEGO [LSWI STTSRIRX HSIW RSX ORS[ [LEX XS HIJIRH ERH LI MW WOMPPJYP MR HIJIRWI [LSWI STTSRIRX HSIW RSX ORS[ [LEX XS EXXEGO 3 HMZMRI EVX SJ WYFXPIX] ERH WIGVIG] 8LVSYKL ]SY [I PIEVR XS FI MRZMWMFPI XLVSYKL ]SY MREYHMFPI ERH LIRGI [I GER LSPH XLI IRIQ] W JEXI MR SYV LERHW [[[ WYRX^YWEMH GSQ
=SY QE] EHZERGI ERH FI EFWSPYXIP] MVVIWMWXMFPI MJ ]SY QEOI JSV XLI IRIQ] W [IEO TSMRXW ]SY QE] VIXMVI ERH FI WEJI JVSQ TYVWYMX MJ ]SYV QSZIQIRXW EVI QSVI VETMH XLER XLSWI SJ XLI IRIQ] -J [I [MWL XS JMKLX XLI IRIQ] GER FI JSVGIH XS ER IRKEKIQIRX IZIR XLSYKL LI FI WLIPXIVIH FILMRH E LMKL VEQTEVX ERH E HIIT HMXGL %PP [I RIIH HS MW EXXEGO WSQI SXLIV TPEGI XLEX LI [MPP FI SFPMKIH XS VIPMIZI -J [I HS RSX [MWL XS JMKLX [I GER TVIZIRX XLI IRIQ] JVSQ IRKEKMRK YW IZIR XLSYKL XLI PMRIW SJ SYV IRGEQTQIRX FI QIVIP] XVEGIH SYX SR XLI KVSYRH %PP [I RIIH HS MW XS XLVS[ WSQIXLMRK SHH ERH YREGGSYRXEFPI MR LMW [E] &] HMWGSZIVMRK XLI IRIQ] W HMWTSWMXMSRW ERH VIQEMRMRK MRZMWMFPI SYVWIPZIW [I GER OIIT SYV JSVGIW GSRGIRXVEXIH [LMPI XLI IRIQ] W QYWX FI HMZMHIH ;I GER JSVQ E WMRKPI YRMXIH FSH] [LMPI XLI IRIQ] QYWX WTPMX YT MRXS JVEGXMSRW ,IRGI XLIVI [MPP FI E [LSPI TMXXIH EKEMRWX WITEVEXI TEVXW SJ E [LSPI [LMGL QIERW XLEX [I WLEPP FI QER] XS XLI IRIQ] W JI[ %RH MJ [I EVI EFPI XLYW XS EXXEGO ER MRJIVMSV JSVGI [MXL E WYTIVMSV SRI SYV STTSRIRXW [MPP FI MR HMVI WXVEMXW 8LI WTSX [LIVI [I MRXIRH XS JMKLX QYWX RSX FI QEHI ORS[R JSV XLIR XLI IRIQ] [MPP LEZI XS TVITEVI EKEMRWX E TSWWMFPI EXXEGO EX WIZIVEP HMJJIVIRX TSMRXW ERH LMW JSVGIW FIMRK XLYW HMWXVMFYXIH MR QER] HMVIGXMSRW XLI RYQFIVW [I WLEPP LEZI XS JEGI EX ER] KMZIR TSMRX [MPP FI TVSTSVXMSREXIP] JI[ *SV WLSYPH XLI IRIQ] WXVIRKXLIR LMW ZER LI [MPP [IEOIR LMW VIEV WLSYPH LI WXVIRKXLIR LMW VIEV LI [MPP [IEOIR LMW ZER WLSYPH LI WXVIRKXLIR LMW PIJX LI [MPP [IEOIR LMW VMKLX WLSYPH LI [[[ WYRX^YWEMH GSQ
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
(MWGMTPMRIH ERH GEPQ XS E[EMX XLI ETTIEVERGI SJ HMWSVHIV ERH LYFFYF EQSRKWX XLI IRIQ] XLMW MW XLI EVX SJ VIXEMRMRK WIPJ TSWWIWWMSR 8S FI RIEV XLI KSEP [LMPI XLI IRIQ] MW WXMPP JEV JVSQ MX XS [EMX EX IEWI [LMPI XLI IRIQ] MW XSMPMRK ERH WXVYKKPMRK XS FI [IPP JIH [LMPI XLI IRIQ] MW JEQMWLIH XLMW MW XLI EVX SJ LYWFERHMRK SRI W WXVIRKXL 8S VIJVEMR JVSQ MRXIVGITXMRK ER IRIQ] [LSWI FERRIVW EVI MR TIVJIGX SVHIV XS VIJVEMR JVSQ EXXEGOMRK ER EVQ] HVE[R YT MR GEPQ ERH GSRJMHIRX EVVE] XLMW MW XLI EVX SJ WXYH]MRK GMVGYQWXERGIW -X MW E QMPMXEV] EMSQ RSX XS EHZERGI YTLMPP EKEMRWX XLI IRIQ] RSV XS STTSWI LMQ [LIR LI GSQIW HS[RLMPP (S RSX TYVWYI ER IRIQ] [LS WMQYPEXIW JPMKLX HS RSX EXXEGO WSPHMIVW [LSWI XIQTIV MW OIIR (S RSX W[EPPS[ FEMX SJJIVIH F] XLI IRIQ] (S RSX MRXIVJIVI [MXL ER EVQ] XLEX MW VIXYVRMRK LSQI ;LIR ]SY WYVVSYRH ER EVQ] PIEZI ER SYXPIX JVII (S RSX TVIWW E HIWTIVEXI JSI XSS LEVH 7YGL MW XLI EVX SJ [EVJEVI [[[ WYRX^YWEMH GSQ
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
;LIR XLI IRIQ] MW GPSWI EX LERH ERH VIQEMRW UYMIX LI MW VIP]MRK SR XLI REXYVEP WXVIRKXL SJ LMW TSWMXMSR ;LIR LI OIITW EPSSJ ERH XVMIW XS TVSZSOI E FEXXPI LI MW ERMSYW JSV XLI SXLIV WMHI XS EHZERGI -J LMW TPEGI SJ IRGEQTQIRX MW IEW] SJ EGGIWW LI MW XIRHIVMRK E FEMX 1SZIQIRX EQSRKWX XLI XVIIW SJ E JSVIWX WLS[W XLEX XLI IRIQ] MW EHZERGMRK 8LI ETTIEVERGI SJ E RYQFIV SJ WGVIIRW MR XLI QMHWX SJ XLMGO KVEWW QIERW XLEX XLI IRIQ] [ERXW XS QEOI YW WYWTMGMSYW 8LI VMWMRK SJ FMVHW MR XLIMV JPMKLX MW XLI WMKR SJ ER EQFYWGEHI 7XEVXPIH FIEWXW MRHMGEXI XLEX E WYHHIR EXXEGO MW GSQMRK ;LIR XLIVI MW HYWX VMWMRK MR E LMKL GSPYQR MX MW XLI WMKR SJ GLEVMSXW EHZERGMRK [LIR XLI HYWX MW PS[ FYX WTVIEH SZIV E [MHI EVIE MX FIXSOIRW XLI ETTVSEGL SJ MRJERXV] ;LIR MX FVERGLIW SYX MR HMJJIVIRX HMVIGXMSRW MX WLS[W XLEX TEVXMIW LEZI FIIR WIRX XS GSPPIGX JMVI[SSH % JI[ GPSYHW SJ HYWX QSZMRK XS ERH JVS WMKRMJ] XLEX XLI EVQ] MW IRGEQTMRK ,YQFPI [SVHW ERH MRGVIEWIH TVITEVEXMSRW EVI WMKRW XLEX XLI IRIQ] MW EFSYX XS EHZERGI :MSPIRX PERKYEKI ERH HVMZMRK JSV[EVH EW MJ XS XLI EXXEGO EVI WMKRW XLEX LI [MPP VIXVIEX ;LIR XLI PMKLX GLEVMSXW GSQI SYX JMVWX ERH XEOI YT E TSWMXMSR SR XLI [MRKW MX MW E WMKR XLEX XLI IRIQ] MW JSVQMRK JSV FEXXPI 4IEGI TVSTSWEPW YREGGSQTERMIH F] E W[SVR GSZIRERX MRHMGEXI E TPSX ;LIR XLIVI MW QYGL VYRRMRK EFSYX ERH XLI WSPHMIVW JEPP MRXS VERO MX QIERW XLEX XLI GVMXMGEP QSQIRX LEW GSQI [[[ WYRX^YWEMH GSQ
;LIR WSQI EVI WIIR EHZERGMRK ERH WSQI VIXVIEXMRK MX MW E PYVI ;LIR XLI WSPHMIVW WXERH PIERMRK SR XLIMV WTIEVW XLI] EVI JEMRX JVSQ [ERX SJ JSSH -J XLSWI [LS EVI WIRX XS HVE[ [EXIV FIKMR F] HVMROMRK XLIQWIPZIW XLI EVQ] MW WYJJIVMRK JVSQ XLMVWX -J XLI IRIQ] WIIW ER EHZERXEKI XS FI KEMRIH ERH QEOIW RS IJJSVX XS WIGYVI MX XLI WSPHMIVW EVI ILEYWXIH -J FMVHW KEXLIV SR ER] WTSX MX MW YRSGGYTMIH 'PEQSV F] RMKLX FIXSOIRW RIVZSYWRIWW -J XLIVI MW HMWXYVFERGI MR XLI GEQT XLI KIRIVEP W EYXLSVMX] MW [IEO -J XLI FERRIVW ERH JPEKW EVI WLMJXIH EFSYX WIHMXMSR MW EJSSX -J XLI SJJMGIVW EVI ERKV] MX QIERW XLEX XLI QIR EVI [IEV] ;LIR ER EVQ] JIIHW MXW LSVWIW [MXL KVEMR ERH OMPPW MXW GEXXPI JSV JSSH ERH [LIR XLI QIR HS RSX LERK XLIMV GSSOMRK TSXW SZIV XLI GEQT JMVIW WLS[MRK XLEX XLI] [MPP RSX VIXYVR XS XLIMV XIRXW ]SY QE] ORS[ XLEX XLI] EVI HIXIVQMRIH XS JMKLX XS XLI HIEXL 8LI WMKLX SJ QIR [LMWTIVMRK XSKIXLIV MR WQEPP ORSXW SV WTIEOMRK MR WYFHYIH XSRIW TSMRXW XS HMWEJJIGXMSR EQSRKWX XLI VERO ERH JMPI 8SS JVIUYIRX VI[EVHW WMKRMJ] XLEX XLI IRIQ] MW EX XLI IRH SJ LMW VIWSYVGIW XSS QER] TYRMWLQIRXW FIXVE] E GSRHMXMSR SJ HMVI HMWXVIWW 8S FIKMR F] FPYWXIV FYX EJXIV[EVHW XS XEOI JVMKLX EX XLI IRIQ] W RYQFIVW WLS[W E WYTVIQI PEGO SJ MRXIPPMKIRGI [[[ WYRX^YWEMH GSQ
;LIR IRZS]W EVI WIRX [MXL GSQTPMQIRXW MR XLIMV QSYXLW MX MW E WMKR XLEX XLI IRIQ] [MWLIW JSV E XVYGI -J XLI IRIQ] W XVSSTW QEVGL YT ERKVMP] ERH VIQEMR JEGMRK SYVW JSV E PSRK XMQI [MXLSYX IMXLIV NSMRMRK FEXXPI SV XEOMRK XLIQWIPZIW SJJ EKEMR XLI WMXYEXMSR MW SRI XLEX HIQERHW KVIEX ZMKMPERGI ERH GMVGYQWTIGXMSR -J SYV XVSSTW EVI RS QSVI MR RYQFIV XLER XLI IRIQ] XLEX MW EQTP] WYJJMGMIRX MX SRP] QIERW XLEX RS HMVIGX EXXEGO GER FI QEHI ;LEX [I GER HS MW WMQTP] XS GSRGIRXVEXI EPP SYV EZEMPEFPI WXVIRKXL OIIT E GPSWI [EXGL SR XLI IRIQ] ERH SFXEMR VIMRJSVGIQIRXW ,I [LS IIVGMWIW RS JSVIXLSYKLX FYX QEOIW PMKLX SJ LMW STTSRIRXW MW WYVI XS FI GETXYVIH F] XLIQ -J WSPHMIVW EVI TYRMWLIH FIJSVI XLI] LEZI KVS[R EXXEGLIH XS ]SY XLI] [MPP RSX TVSZI WYFQMWWMZI ERH YRPIWW WYFQMWWMZI XLIR [MPP FI TVEGXMGEPP] YWIPIWW -J [LIR XLI WSPHMIVW LEZI FIGSQI EXXEGLIH XS ]SY TYRMWLQIRXW EVI RSX IRJSVGIH XLI] [MPP WXMPP FI YRPIWW 8LIVIJSVI WSPHMIVW QYWX FI XVIEXIH MR XLI JMVWX MRWXERGI [MXL LYQERMX] FYX OITX YRHIV GSRXVSP F] QIERW SJ MVSR HMWGMTPMRI 8LMW MW E GIVXEMR VSEH XS ZMGXSV] -J MR XVEMRMRK WSPHMIVW GSQQERHW EVI LEFMXYEPP] IRJSVGIH XLI EVQ] [MPP FI [IPP HMWGMTPMRIH MJ RSX MXW HMWGMTPMRI [MPP FI FEH -J E KIRIVEP WLS[W GSRJMHIRGI MR LMW QIR FYX EP[E]W MRWMWXW SR LMW SVHIVW FIMRK SFI]IH XLI KEMR [MPP FI QYXYEP [[[ WYRX^YWEMH GSQ
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
6IKEVH ]SYV WSPHMIVW EW ]SYV GLMPHVIR ERH XLI] [MPP JSPPS[ ]SY MRXS XLI HIITIWX ZEPPI]W PSSO YTSR XLIQ EW ]SYV S[R FIPSZIH WSRW ERH XLI] [MPP WXERH F] ]SY IZIR YRXS HIEXL -J LS[IZIV ]SY EVI MRHYPKIRX FYX YREFPI XS QEOI ]SYV EYXLSVMX] JIPX OMRH LIEVXIH FYX YREFPI XS IRJSVGI ]SYV GSQQERHW ERH MRGETEFPI QSVISZIV SJ UYIPPMRK HMWSVHIV XLIR ]SYV WSPHMIVW QYWX FI PMOIRIH XS WTSMPX GLMPHVIR XLI] EVI YWIPIWW JSV ER] TVEGXMGEP TYVTSWI -J [I ORS[ XLEX SYV S[R QIR EVI MR E GSRHMXMSR XS EXXEGO FYX EVI YRE[EVI XLEX XLI IRIQ] MW RSX STIR XS EXXEGO [I LEZI KSRI SRP] LEPJ[E] XS[EVHW ZMGXSV] -J [I ORS[ XLEX XLI IRIQ] MW STIR XS EXXEGO FYX EVI YRE[EVI XLEX SYV S[R QIR EVI RSX MR E GSRHMXMSR XS EXXEGO [I LEZI KSRI SRP] LEPJ[E] XS[EVHW ZMGXSV] -J [I ORS[ XLEX XLI IRIQ] MW STIR XS EXXEGO ERH EPWS ORS[ XLEX SYV QIR EVI MR E GSRHMXMSR XS EXXEGO FYX EVI YRE[EVI XLEX XLI REXYVI SJ XLI KVSYRH QEOIW JMKLXMRK MQTVEGXMGEFPI [I LEZI WXMPP KSRI SRP] LEPJ[E] XS[EVHW ZMGXSV] ,IRGI XLI ITIVMIRGIH WSPHMIV SRGI MR QSXMSR MW RIZIV FI[MPHIVIH SRGI LI LEW FVSOIR GEQT LI MW RIZIV EX E PSWW ,IRGI XLI WE]MRK -J ]SY ORS[ XLI IRIQ] ERH ORS[ ]SYVWIPJ ]SYV ZMGXSV] [MPP RSX WXERH MR HSYFX MJ ]SY ORS[ ,IEZIR ERH ORS[ )EVXL ]SY QE] QEOI ]SYV ZMGXSV] GSQTPIXI [[[ WYRX^YWEMH GSQ
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
3R XLI HE] XLI] EVI SVHIVIH SYX XS FEXXPI ]SYV WSPHMIVW QE] [IIT XLSWI WMXXMRK YT FIHI[MRK XLIMV KEVQIRXW ERH XLSWI P]MRK HS[R PIXXMRK XLI XIEVW VYR HS[R XLIMV GLIIOW &YX PIX XLIQ SRGI FI FVSYKLX XS FE] ERH XLI] [MPP HMWTPE] XLI GSYVEKI SJ E 'LY SV E /YIM 8LI WOMPPJYP XEGXMGMER QE] FI PMOIRIH XS XLI 7,9%- .%2 2S[ XLI 7,9%- .%2 MW E WREOI XLEX MW JSYRH MR XLI 'LDERK QSYRXEMRW 7XVMOI EX MXW LIEH ERH ]SY [MPP FI EXXEGOIH F] MXW XEMP WXVMOI EX MXW XEMP ERH ]SY [MPP FI EXXEGOIH F] MXW LIEH WXVMOI EX MXW QMHHPI ERH ]SY [MPP FI EXXEGOIH F] LIEH ERH XEMP FSXL %WOIH MJ ER EVQ] GER FI QEHI XS MQMXEXI XLI 7,9%- .%2 - WLSYPH ERW[IV =IW *SV XLI QIR SJ ;Y ERH XLI QIR SJ =YIL EVI IRIQMIW ]IX MJ XLI] EVI GVSWWMRK E VMZIV MR XLI WEQI FSEX ERH EVI GEYKLX F] E WXSVQ XLI] [MPP GSQI XS IEGL SXLIV W EWWMWXERGI NYWX EW XLI PIJX LERH LIPTW XLI VMKLX ,IRGI MX MW RSX IRSYKL XS TYX SRI W XVYWX MR XLI XIXLIVMRK SJ LSVWIW ERH XLI FYV]MRK SJ GLEVMSX [LIIPW MR XLI KVSYRH 8LI TVMRGMTPI SR [LMGL XS QEREKI ER EVQ] MW XS WIX YT SRI WXERHEVH SJ GSYVEKI [LMGL EPP QYWX VIEGL ,S[ XS QEOI XLI FIWX SJ FSXL WXVSRK ERH [IEO XLEX MW E UYIWXMSR MRZSPZMRK XLI TVSTIV YWI SJ KVSYRH 8LYW XLI WOMPPJYP KIRIVEP GSRHYGXW LMW EVQ] NYWX EW XLSYKL LI [IVI PIEHMRK E WMRKPI QER [MPP] RMPP] F] XLI LERH -X MW XLI FYWMRIWW SJ E KIRIVEP XS FI UYMIX ERH XLYW IRWYVI WIGVIG] YTVMKLX ERH NYWX ERH XLYW QEMRXEMR SVHIV ,I QYWX FI EFPI XS Q]WXMJ] LMW SJJMGIVW ERH QIR F] JEPWI VITSVXW ERH ETTIEVERGIW ERH XLYW OIIT XLIQ MR XSXEP MKRSVERGI [[[ WYRX^YWEMH GSQ
&] EPXIVMRK LMW EVVERKIQIRXW ERH GLERKMRK LMW TPERW LI OIITW XLI IRIQ] [MXLSYX HIJMRMXI ORS[PIHKI &] WLMJXMRK LMW GEQT ERH XEOMRK GMVGYMXSYW VSYXIW LI TVIZIRXW XLI IRIQ] JVSQ ERXMGMTEXMRK LMW TYVTSWI %X XLI GVMXMGEP QSQIRX XLI PIEHIV SJ ER EVQ] EGXW PMOI SRI [LS LEW GPMQFIH YT E LIMKLX ERH XLIR OMGOW E[E] XLI PEHHIV FILMRH LMQ ,I GEVVMIW LMW QIR HIIT MRXS LSWXMPI XIVVMXSV] FIJSVI LI WLS[W LMW LERH ,I FYVRW LMW FSEXW ERH FVIEOW LMW GSSOMRK TSXW PMOI E WLITLIVH HVMZMRK E JPSGO SJ WLIIT LI HVMZIW LMW QIR XLMW [E] ERH XLEX ERH RSXLMRK ORS[W [LMXLIV LI MW KSMRK 8S QYWXIV LMW LSWX ERH FVMRK MX MRXS HERKIV XLMW QE] FI XIVQIH XLI FYWMRIWW SJ XLI KIRIVEP 8LI HMJJIVIRX QIEWYVIW WYMXIH XS XLI RMRI ZEVMIXMIW SJ KVSYRH XLI ITIHMIRG] SJ EKKVIWWMZI SV HIJIRWMZI XEGXMGW ERH XLI JYRHEQIRXEP PE[W SJ LYQER REXYVI XLIWI EVI XLMRKW XLEX QYWX QSWX GIVXEMRP] FI WXYHMIH ;LIR MRZEHMRK LSWXMPI XIVVMXSV] XLI KIRIVEP TVMRGMTPI MW XLEX TIRIXVEXMRK HIITP] FVMRKW GSLIWMSR TIRIXVEXMRK FYX E WLSVX [E] QIERW HMWTIVWMSR ;LIR ]SY PIEZI ]SYV S[R GSYRXV] FILMRH ERH XEOI ]SYV EVQ] EGVSWW RIMKLFSVLSSH XIVVMXSV] ]SY JMRH ]SYVWIPJ SR GVMXMGEP KVSYRH ;LIR XLIVI EVI QIERW SJ GSQQYRMGEXMSR SR EPP JSYV WMHIW XLI KVSYRH MW SRI SJ MRXIVWIGXMRK LMKL[E]W ;LIR ]SY TIRIXVEXI HIITP] MRXS E GSYRXV] MX MW WIVMSYW KVSYRH ;LIR ]SY TIRIXVEXI FYX E PMXXPI [E] MX MW JEGMPI KVSYRH [[[ WYRX^YWEMH GSQ
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
&I WXIVR MR XLI GSYRGMP GLEQFIV WS XLEX ]SY QE] GSRXVSP XLI WMXYEXMSR -J XLI IRIQ] PIEZIW E HSSV STIR ]SY QYWX VYWL MR *SVIWXEPP ]SYV STTSRIRX F] WIM^MRK [LEX LI LSPHW HIEV ERH WYFXP] GSRXVMZI XS XMQI LMW EVVMZEP SR XLI KVSYRH ;EPO MR XLI TEXL HIJMRIH F] VYPI ERH EGGSQQSHEXI ]SYVWIPJ XS XLI IRIQ] YRXMP ]SY GER JMKLX E HIGMWMZI FEXXPI %X JMVWX XLIR ILMFMX XLI GS]RIWW SJ E QEMHIR YRXMP XLI IRIQ] KMZIW ]SY ER STIRMRK EJXIV[EVHW IQYPEXI XLI VETMHMX] SJ E VYRRMRK LEVI ERH MX [MPP FI XSS PEXI JSV XLI IRIQ] XS STTSWI ]SY [[[ WYRX^YWEMH GSQ
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
;LIR ]SY WXEVX E JMVI FI XS [MRH[EVH SJ MX (S RSX EXXEGO JVSQ XLI PII[EVH % [MRH XLEX VMWIW MR XLI HE]XMQI PEWXW PSRK FYX E RMKLX FVII^I WSSR JEPPW -R IZIV] EVQ] XLI JMZI HIZIPSTQIRXW GSRRIGXIH [MXL JMVI QYWX FI ORS[R XLI QSZIQIRXW SJ XLI WXEVW GEPGYPEXIH ERH E [EXGL OITX JSV XLI TVSTIV HE]W ,IRGI XLSWI [LS YWI JMVI EW ER EMH XS XLI EXXEGO WLS[ MRXIPPMKIRGI XLSWI [LS YWI [EXIV EW ER EMH XS XLI EXXEGO KEMR ER EGGIWWMSR SJ WXVIRKXL &] QIERW SJ [EXIV ER IRIQ] QE] FI MRXIVGITXIH FYX RSX VSFFIH SJ EPP LMW FIPSRKMRKW 9RLETT] MW XLI JEXI SJ SRI [LS XVMIW XS [MR LMW FEXXPIW ERH WYGGIIH MR LMW EXXEGOW [MXLSYX GYPXMZEXMRK XLI WTMVMX SJ IRXIVTVMWI JSV XLI VIWYPX MW [EWXI SJ XMQI ERH KIRIVEP WXEKREXMSR ,IRGI XLI WE]MRK 8LI IRPMKLXIRIH VYPIV PE]W LMW TPERW [IPP ELIEH XLI KSSH KIRIVEP GYPXMZEXIW LMW VIWSYVGIW 1SZI RSX YRPIWW ]SY WII ER EHZERXEKI YWI RSX ]SYV XVSSTW YRPIWW XLIVI MW WSQIXLMRK XS FI KEMRIH JMKLX RSX YRPIWW XLI TSWMXMSR MW GVMXMGEP 2S VYPIV WLSYPH TYX XVSSTW MRXS XLI JMIPH QIVIP] XS KVEXMJ] LMW S[R WTPIIR RS KIRIVEP WLSYPH JMKLX E FEXXPI WMQTP] SYX SJ TMUYI -J MX MW XS ]SYV EHZERXEKI QEOI E JSV[EVH QSZI MJ RSX WXE] [LIVI ]SY EVI %RKIV QE] MR XMQI GLERKI XS KPEHRIWW ZIEXMSR QE] FI WYGGIIHIH F] GSRXIRX [[[ WYRX^YWEMH GSQ
&YX E OMRKHSQ XLEX LEW SRGI FIIR HIWXVS]IH GER RIZIV GSQI EKEMR MRXS FIMRK RSV GER XLI HIEH IZIV FI FVSYKLX FEGO XS PMJI ,IRGI XLI IRPMKLXIRIH VYPIV MW LIIHJYP ERH XLI KSSH KIRIVEP JYPP SJ GEYXMSR 8LMW MW XLI [E] XS OIIT E GSYRXV] EX TIEGI ERH ER EVQ] MRXEGX [[[ WYRX^YWEMH GSQ
',%48)6 8,) 97) 3* 74-)7 7YR 8^Y WEMH 6EMWMRK E LSWX SJ E LYRHVIH XLSYWERH QIR ERH QEVGLMRK XLIQ KVIEX HMWXERGIW IRXEMPW LIEZ] PSWW SR XLI TISTPI ERH E HVEMR SR XLI VIWSYVGIW SJ XLI 7XEXI 8LI HEMP] ITIRHMXYVI [MPP EQSYRX XS E XLSYWERH SYRGIW SJ WMPZIV 8LIVI [MPP FI GSQQSXMSR EX LSQI ERH EFVSEH ERH QIR [MPP HVST HS[R ILEYWXIH SR XLI LMKL[E]W %W QER] EW WIZIR LYRHVIH XLSYWERH JEQMPMIW [MPP FI MQTIHIH MR XLIMV PEFSV ,SWXMPI EVQMIW QE] JEGI IEGL SXLIV JSV ]IEVW WXVMZMRK JSV XLI ZMGXSV] [LMGL MW HIGMHIH MR E WMRKPI HE] 8LMW FIMRK WS XS VIQEMR MR MKRSVERGI SJ XLI IRIQ] W GSRHMXMSR WMQTP] FIGEYWI SRI KVYHKIW XLI SYXPE] SJ E LYRHVIH SYRGIW SJ WMPZIV MR LSRSVW ERH IQSPYQIRXW MW XLI LIMKLX SJ MRLYQERMX] 3RI [LS EGXW XLYW MW RS PIEHIV SJ QIR RS TVIWIRX LIPT XS LMW WSZIVIMKR RS QEWXIV SJ ZMGXSV] 8LYW [LEX IREFPIW XLI [MWI WSZIVIMKR ERH XLI KSSH KIRIVEP XS WXVMOI ERH GSRUYIV ERH EGLMIZI XLMRKW FI]SRH XLI VIEGL SJ SVHMREV] QIR MW *36)/23;0)(+) 2S[ XLMW JSVIORS[PIHKI GERRSX FI IPMGMXIH JVSQ WTMVMXW MX GERRSX FI SFXEMRIH MRHYGXMZIP] JVSQ ITIVMIRGI RSV F] ER] HIHYGXMZI GEPGYPEXMSR /RS[PIHKI SJ XLI IRIQ] W HMWTSWMXMSRW GER SRP] FI SFXEMRIH JVSQ SXLIV QIR ,IRGI XLI YWI SJ WTMIW SJ [LSQ XLIVI EVI JMZI GPEWWIW 0SGEP WTMIW MR[EVH WTMIW GSRZIVXIH WTMIW HSSQIH WTMIW WYVZMZMRK WTMIW [[[ WYRX^YWEMH GSQ
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
-J E WIGVIX TMIGI SJ RI[W MW HMZYPKIH F] E WT] FIJSVI XLI XMQI MW VMTI LI QYWX FI TYX XS HIEXL XSKIXLIV [MXL XLI QER XS [LSQ XLI WIGVIX [EW XSPH ;LIXLIV XLI SFNIGX FI XS GVYWL ER EVQ] XS WXSVQ E GMX] SV XS EWWEWWMREXI ER MRHMZMHYEP MX MW EP[E]W RIGIWWEV] XS FIKMR F] JMRHMRK SYX XLI REQIW SJ XLI EXXIRHERXW XLI EMHIW HI GEQT ERH HSSV OIITIVW ERH WIRXVMIW SJ XLI KIRIVEP MR GSQQERH 3YV WTMIW QYWX FI GSQQMWWMSRIH XS EWGIVXEMR XLIWI 8LI IRIQ] W WTMIW [LS LEZI GSQI XS WT] SR YW QYWX FI WSYKLX SYX XIQTXIH [MXL FVMFIW PIH E[E] ERH GSQJSVXEFP] LSYWIH 8LYW XLI] [MPP FIGSQI GSRZIVXIH WTMIW ERH EZEMPEFPI JSV SYV WIVZMGI -X MW XLVSYKL XLI MRJSVQEXMSR FVSYKLX F] XLI GSRZIVXIH WT] XLEX [I EVI EFPI XS EGUYMVI ERH IQTPS] PSGEP ERH MR[EVH WTMIW -X MW S[MRK XS LMW MRJSVQEXMSR EKEMR XLEX [I GER GEYWI XLI HSSQIH WT] XS GEVV] JEPWI XMHMRKW XS XLI IRIQ] 0EWXP] MX MW F] LMW MRJSVQEXMSR XLEX XLI WYVZMZMRK WT] GER FI YWIH SR ETTSMRXIH SGGEWMSRW 8LI IRH ERH EMQ SJ WT]MRK MR EPP MXW JMZI ZEVMIXMIW MW ORS[PIHKI SJ XLI IRIQ] ERH XLMW ORS[PIHKI GER SRP] FI HIVMZIH MR XLI JMVWX MRWXERGI JVSQ XLI GSRZIVXIH WT] ,IRGI MX MW IWWIRXMEP XLEX XLI GSRZIVXIH WT] FI XVIEXIH [MXL XLI YXQSWX PMFIVEPMX] 3J SPH XLI VMWI SJ XLI =MR H]REWX] [EW HYI XS - 'LML [LS LEH WIVZIH YRHIV XLI ,WME 0MOI[MWI XLI VMWI SJ XLI 'LSY H]REWX] [EW HYI XS 0Y =E [LS LEH WIVZIH YRHIV XLI =MR ,IRGI MX MW SRP] XLI IRPMKLXIRIH VYPIV ERH XLI [MWI KIRIVEP [LS [MPP YWI XLI LMKLIWX MRXIPPMKIRGI SJ XLI EVQ] JSV TYVTSWIW SJ WT]MRK ERH XLIVIF] XLI] EGLMIZI KVIEX VIWYPXW 7TMIW EVI E QSWX [[[ WYRX^YWEMH GSQ
MQTSVXERX IPIQIRX MR [EXIV FIGEYWI SR XLIQ HITIRHW ER EVQ] W EFMPMX] XS QSZI [[[ WYRX^YWEMH GSQ

Recommandé

8 ml-302-em ans
8 ml-302-em ans8 ml-302-em ans
8 ml-302-em ansHina Khan
 
Thinking Highways_Driving 3-0_Part2_6-10
Thinking Highways_Driving 3-0_Part2_6-10Thinking Highways_Driving 3-0_Part2_6-10
Thinking Highways_Driving 3-0_Part2_6-10David Pickeral
 
Generation Gap, Getting Ahead of the 5G development curve
Generation Gap, Getting Ahead of the 5G development curveGeneration Gap, Getting Ahead of the 5G development curve
Generation Gap, Getting Ahead of the 5G development curveLorraine Salazar
 
Think2014 light
Think2014 lightThink2014 light
Think2014 lightLuigi Gallerani
 
10 principles of economics.
10 principles of economics.10 principles of economics.
10 principles of economics.Shahi Raz Akhtar
 
Concorso Allievi Agenti Polizia di Stato 2010 - Banca Dati Ufficiale
Concorso Allievi Agenti Polizia di Stato 2010 - Banca Dati UfficialeConcorso Allievi Agenti Polizia di Stato 2010 - Banca Dati Ufficiale
Concorso Allievi Agenti Polizia di Stato 2010 - Banca Dati UfficialeConcorsando.it
 
The Flash
The FlashThe Flash
The FlashLuigi Gallerani
 
8832
88328832
8832kareenavolt
 

Recommandé

8 ml-302-em ans
8 ml-302-em ans8 ml-302-em ans
8 ml-302-em ansHina Khan
 
Thinking Highways_Driving 3-0_Part2_6-10
Thinking Highways_Driving 3-0_Part2_6-10Thinking Highways_Driving 3-0_Part2_6-10
Thinking Highways_Driving 3-0_Part2_6-10David Pickeral
 
Generation Gap, Getting Ahead of the 5G development curve
Generation Gap, Getting Ahead of the 5G development curveGeneration Gap, Getting Ahead of the 5G development curve
Generation Gap, Getting Ahead of the 5G development curveLorraine Salazar
 
Think2014 light
Think2014 lightThink2014 light
Think2014 lightLuigi Gallerani
 
10 principles of economics.
10 principles of economics.10 principles of economics.
10 principles of economics.Shahi Raz Akhtar
 
Concorso Allievi Agenti Polizia di Stato 2010 - Banca Dati Ufficiale
Concorso Allievi Agenti Polizia di Stato 2010 - Banca Dati UfficialeConcorso Allievi Agenti Polizia di Stato 2010 - Banca Dati Ufficiale
Concorso Allievi Agenti Polizia di Stato 2010 - Banca Dati UfficialeConcorsando.it
 
The Flash
The FlashThe Flash
The FlashLuigi Gallerani
 
8832
88328832
8832kareenavolt
 
02 asterix and the golden sickle
02 asterix and the golden sickle02 asterix and the golden sickle
02 asterix and the golden sickleTwinkle corp.
 
18 asterix and the laurel wreath
18 asterix and the laurel wreath18 asterix and the laurel wreath
18 asterix and the laurel wreathTwinkle corp.
 
Hamlet
HamletHamlet
HamletMuhammad Sulila
 
Inaugural Addresses
Inaugural AddressesInaugural Addresses
Inaugural AddressesBooz Allen Hamilton
 
The State of Sales & Marketing at the 50 Fastest-Growing B2B Companies
The State of Sales & Marketing at the 50 Fastest-Growing B2B CompaniesThe State of Sales & Marketing at the 50 Fastest-Growing B2B Companies
The State of Sales & Marketing at the 50 Fastest-Growing B2B CompaniesMattermark
 
The Future of Everything
The Future of EverythingThe Future of Everything
The Future of EverythingCharbel Zeaiter
 
The cytoskeleton and cell motility from karp chapter 9
The cytoskeleton and cell motility from karp chapter 9The cytoskeleton and cell motility from karp chapter 9
The cytoskeleton and cell motility from karp chapter 9Nusrat Gulbarga
 
Think emotion
Think emotionThink emotion
Think emotionLuigi Gallerani
 
Lenses and Filters
Lenses and FiltersLenses and Filters
Lenses and FiltersLuigi Gallerani
 
Basic commands
Basic commandsBasic commands
Basic commandsM-16
 
21st century skills Rink Weijs
21st century skills Rink Weijs21st century skills Rink Weijs
21st century skills Rink WeijsBioLogicalSolutions
 
Offshore Visie
Offshore VisieOffshore Visie
Offshore Visiedvantol
 
Versace Palace Stone
Versace Palace StoneVersace Palace Stone
Versace Palace Stonepompeimosaictile
 
2016 08-23-note-10-31 os architecture
2016 08-23-note-10-31 os architecture2016 08-23-note-10-31 os architecture
2016 08-23-note-10-31 os architectureAbhishek Kumar
 
Statistics_for_Hackers.pdf
Statistics_for_Hackers.pdfStatistics_for_Hackers.pdf
Statistics_for_Hackers.pdfVishYrdy
 
C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...
C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...
C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...guestc9655c
 
Stephen hawking uma-breve_historia_do_tempo
Stephen hawking uma-breve_historia_do_tempoStephen hawking uma-breve_historia_do_tempo
Stephen hawking uma-breve_historia_do_tempoMarcos Ribeiro
 
Lens design basics
Lens design basicsLens design basics
Lens design basicsLuigi Gallerani
 
MAPA MENTAL
MAPA MENTALMAPA MENTAL
MAPA MENTALafcovelo15
 
Eva_chicoXav
Eva_chicoXavEva_chicoXav
Eva_chicoXavAri Carrasco
 
EG43616
EG43616EG43616
EG43616Mohammed Said
 
Basic administration for net scaler 9.2 workbook
Basic administration for net scaler 9.2 workbookBasic administration for net scaler 9.2 workbook
Basic administration for net scaler 9.2 workbookapshirame
 

Contenu connexe

En vedette

02 asterix and the golden sickle
02 asterix and the golden sickle02 asterix and the golden sickle
02 asterix and the golden sickleTwinkle corp.
 
18 asterix and the laurel wreath
18 asterix and the laurel wreath18 asterix and the laurel wreath
18 asterix and the laurel wreathTwinkle corp.
 
The State of Sales & Marketing at the 50 Fastest-Growing B2B Companies
The State of Sales & Marketing at the 50 Fastest-Growing B2B CompaniesThe State of Sales & Marketing at the 50 Fastest-Growing B2B Companies
The State of Sales & Marketing at the 50 Fastest-Growing B2B CompaniesMattermark
 
The Future of Everything
The Future of EverythingThe Future of Everything
The Future of EverythingCharbel Zeaiter
 

En vedette (6)

02 asterix and the golden sickle
02 asterix and the golden sickle02 asterix and the golden sickle
02 asterix and the golden sickle
 
18 asterix and the laurel wreath
18 asterix and the laurel wreath18 asterix and the laurel wreath
18 asterix and the laurel wreath
 
Hamlet
HamletHamlet
Hamlet
 
Inaugural Addresses
Inaugural AddressesInaugural Addresses
Inaugural Addresses
 
The State of Sales & Marketing at the 50 Fastest-Growing B2B Companies
The State of Sales & Marketing at the 50 Fastest-Growing B2B CompaniesThe State of Sales & Marketing at the 50 Fastest-Growing B2B Companies
The State of Sales & Marketing at the 50 Fastest-Growing B2B Companies
 
The Future of Everything
The Future of EverythingThe Future of Everything
The Future of Everything
 

Similaire à Artofwar

The cytoskeleton and cell motility from karp chapter 9
The cytoskeleton and cell motility from karp chapter 9The cytoskeleton and cell motility from karp chapter 9
The cytoskeleton and cell motility from karp chapter 9Nusrat Gulbarga
 
Basic commands
Basic commandsBasic commands
Basic commandsM-16
 
Offshore Visie
Offshore VisieOffshore Visie
Offshore Visiedvantol
 
2016 08-23-note-10-31 os architecture
2016 08-23-note-10-31 os architecture2016 08-23-note-10-31 os architecture
2016 08-23-note-10-31 os architectureAbhishek Kumar
 
Statistics_for_Hackers.pdf
Statistics_for_Hackers.pdfStatistics_for_Hackers.pdf
Statistics_for_Hackers.pdfVishYrdy
 
C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...
C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...
C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...guestc9655c
 
Stephen hawking uma-breve_historia_do_tempo
Stephen hawking uma-breve_historia_do_tempoStephen hawking uma-breve_historia_do_tempo
Stephen hawking uma-breve_historia_do_tempoMarcos Ribeiro
 
Basic administration for net scaler 9.2 workbook
Basic administration for net scaler 9.2 workbookBasic administration for net scaler 9.2 workbook
Basic administration for net scaler 9.2 workbookapshirame
 
Basic administration netscaler cns 203-3 i
Basic administration netscaler cns 203-3 iBasic administration netscaler cns 203-3 i
Basic administration netscaler cns 203-3 iapshirame
 
O kapitalizmie
O kapitalizmieO kapitalizmie
O kapitalizmiemarcinw
 

Similaire à Artofwar (20)

The cytoskeleton and cell motility from karp chapter 9
The cytoskeleton and cell motility from karp chapter 9The cytoskeleton and cell motility from karp chapter 9
The cytoskeleton and cell motility from karp chapter 9
 
Think emotion
Think emotionThink emotion
Think emotion
 
Lenses and Filters
Lenses and FiltersLenses and Filters
Lenses and Filters
 
Basic commands
Basic commandsBasic commands
Basic commands
 
21st century skills Rink Weijs
21st century skills Rink Weijs21st century skills Rink Weijs
21st century skills Rink Weijs
 
Offshore Visie
Offshore VisieOffshore Visie
Offshore Visie
 
Versace Palace Stone
Versace Palace StoneVersace Palace Stone
Versace Palace Stone
 
2016 08-23-note-10-31 os architecture
2016 08-23-note-10-31 os architecture2016 08-23-note-10-31 os architecture
2016 08-23-note-10-31 os architecture
 
Statistics_for_Hackers.pdf
Statistics_for_Hackers.pdfStatistics_for_Hackers.pdf
Statistics_for_Hackers.pdf
 
C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...
C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...
C Documents And Settings Pmartin1 Local Settings Temporary Internet Files Co...
 
Stephen hawking uma-breve_historia_do_tempo
Stephen hawking uma-breve_historia_do_tempoStephen hawking uma-breve_historia_do_tempo
Stephen hawking uma-breve_historia_do_tempo
 
Lens design basics
Lens design basicsLens design basics
Lens design basics
 
MAPA MENTAL
MAPA MENTALMAPA MENTAL
MAPA MENTAL
 
Eva_chicoXav
Eva_chicoXavEva_chicoXav
Eva_chicoXav
 
EG43616
EG43616EG43616
EG43616
 
Basic administration for net scaler 9.2 workbook
Basic administration for net scaler 9.2 workbookBasic administration for net scaler 9.2 workbook
Basic administration for net scaler 9.2 workbook
 
Basic administration netscaler cns 203-3 i
Basic administration netscaler cns 203-3 iBasic administration netscaler cns 203-3 i
Basic administration netscaler cns 203-3 i
 
A%20 %20 homem%20integral
A%20 %20 homem%20integralA%20 %20 homem%20integral
A%20 %20 homem%20integral
 
O kapitalizmie
O kapitalizmieO kapitalizmie
O kapitalizmie
 
Post Production
Post ProductionPost Production
Post Production
 

Artofwar

  • 1. 8,) %68 3* ;%6 &= 792 8>9 8VERWPEXIH F] 0MSRIP +MPIW 3VMKMREPP] TYFPMWLIH 8LMW ZIVWMSR [EW KIRIVEXIH EYXSQEXMGEPP] EX [[[ WYRX^YWEMH GSQ
  • 2. 8EFPI SJ 'SRXIRXW ',%48)6 0%=-2+ 40%27 ',%48)6 ;%+-2+ ;%6 ',%48)6 %88%'/ &= 786%8%+)1 ',%48)6 8%'8-'%0 (-7437-8-327 ',%48)6 )2)6+= ',%48)6 ;)%/ 43-287 %2( 78632+ ',%48)6 1%2)9:)6-2+ ',%48)6 :%6-%8-32 -2 8%'8-'7 ',%48)6 8,) %61= 32 8,) 1%6', ',%48)6 8)66%-2 ',%48)6 8,) 2-2) 7-89%8-327 ',%48)6 8,) %88%'/ &= *-6) ',%48)6 8,) 97) 3* 74-)7 [[[ WYRX^YWEMH GSQ
  • 3. ',%48)6 0%=-2+ 40%27 7YR 8^Y WEMH 8LI EVX SJ [EV MW SJ ZMXEP MQTSVXERGI XS XLI 7XEXI -X MW E QEXXIV SJ PMJI ERH HIEXL E VSEH IMXLIV XS WEJIX] SV XS VYMR ,IRGI MX MW E WYFNIGX SJ MRUYMV] [LMGL GER SR RS EGGSYRX FI RIKPIGXIH 8LI EVX SJ [EV XLIR MW KSZIVRIH F] JMZI GSRWXERX JEGXSVW XS FI XEOIR MRXS EGGSYRX MR SRI W HIPMFIVEXMSRW [LIR WIIOMRK XS HIXIVQMRI XLI GSRHMXMSRW SFXEMRMRK MR XLI JMIPH 8LIWI EVI 8LI 1SVEP 0E[ ,IEZIR )EVXL 8LI 'SQQERHIV 1IXLSH ERH HMWGMTPMRI 8LI 136%0 0%; GEYWIW XLI TISTPI XS FI MR GSQTPIXI EGGSVH [MXL XLIMV VYPIV WS XLEX XLI] [MPP JSPPS[ LMQ VIKEVHPIWW SJ XLIMV PMZIW YRHMWQE]IH F] ER] HERKIV ,)%:)2 WMKRMJMIW RMKLX ERH HE] GSPH ERH LIEX XMQIW ERH WIEWSRW )%68, GSQTVMWIW HMWXERGIW KVIEX ERH WQEPP HERKIV ERH WIGYVMX] STIR KVSYRH ERH REVVS[ TEWWIW XLI GLERGIW SJ PMJI ERH HIEXL 8LI '311%2()6 WXERHW JSV XLI ZMVXYIW SJ [MWHSQ WMRGIVMX] FIRIZSPIRGI GSYVEKI ERH WXVMGXRIWW &] 1)8,3( %2( (-7'-40-2) EVI XS FI YRHIVWXSSH XLI QEVWLEPMRK SJ XLI EVQ] MR MXW TVSTIV WYFHMZMWMSRW XLI KVEHYEXMSRW SJ VERO EQSRK XLI SJJMGIVW XLI QEMRXIRERGI SJ VSEHW F] [LMGL WYTTPMIW QE] VIEGL XLI EVQ] ERH XLI GSRXVSP SJ QMPMXEV] ITIRHMXYVI [[[ WYRX^YWEMH GSQ
  • 4. 8LIWI JMZI LIEHW WLSYPH FI JEQMPMEV XS IZIV] KIRIVEP LI [LS ORS[W XLIQ [MPP FI ZMGXSVMSYW LI [LS ORS[W XLIQ RSX [MPP JEMP 8LIVIJSVI MR ]SYV HIPMFIVEXMSRW [LIR WIIOMRK XS HIXIVQMRI XLI QMPMXEV] GSRHMXMSRW PIX XLIQ FI QEHI XLI FEWMW SJ E GSQTEVMWSR MR XLMW [MWI ;LMGL SJ XLI X[S WSZIVIMKRW MW MQFYIH [MXL XLI 1SVEP PE[# ;LMGL SJ XLI X[S KIRIVEPW LEW QSWX EFMPMX]# ;MXL [LSQ PMI XLI EHZERXEKIW HIVMZIH JVSQ ,IEZIR ERH )EVXL# 3R [LMGL WMHI MW HMWGMTPMRI QSWX VMKSVSYWP] IRJSVGIH# ;LMGL EVQ] MW WXVSRKIV# 3R [LMGL WMHI EVI SJJMGIVW ERH QIR QSVI LMKLP] XVEMRIH# -R [LMGL EVQ] MW XLIVI XLI KVIEXIV GSRWXERG] FSXL MR VI[EVH ERH TYRMWLQIRX# &] QIERW SJ XLIWI WIZIR GSRWMHIVEXMSRW - GER JSVIGEWX ZMGXSV] SV HIJIEX 8LI KIRIVEP XLEX LIEVOIRW XS Q] GSYRWIP ERH EGXW YTSR MX [MPP GSRUYIV PIX WYGL E SRI FI VIXEMRIH MR GSQQERH 8LI KIRIVEP XLEX LIEVOIRW RSX XS Q] GSYRWIP RSV EGXW YTSR MX [MPP WYJJIV HIJIEX PIX WYGL E SRI FI HMWQMWWIH ;LMPI LIIHMRK XLI TVSJMX SJ Q] GSYRWIP EZEMP ]SYVWIPJ EPWS SJ ER] LIPTJYP GMVGYQWXERGIW SZIV ERH FI]SRH XLI SVHMREV] VYPIW %GGSVHMRK EW GMVGYQWXERGIW EVI JEZSVEFPI SRI WLSYPH QSHMJ] SRI W TPERW %PP [EVJEVI MW FEWIH SR HIGITXMSR ,IRGI [LIR EFPI XS EXXEGO [I QYWX WIIQ YREFPI [LIR YWMRK SYV JSVGIW [I QYWX WIIQ MREGXMZI [LIR [I EVI RIEV [I QYWX QEOI XLI IRIQ] FIPMIZI [I EVI JEV E[E] [LIR JEV E[E] [I QYWX QEOI LMQ FIPMIZI [I EVI RIEV [[[ WYRX^YWEMH GSQ
  • 5. ,SPH SYX FEMXW XS IRXMGI XLI IRIQ] *IMKR HMWSVHIV ERH GVYWL LMQ -J LI MW WIGYVI EX EPP TSMRXW FI TVITEVIH JSV LMQ -J LI MW MR WYTIVMSV WXVIRKXL IZEHI LMQ -J ]SYV STTSRIRX MW SJ GLSPIVMG XIQTIV WIIO XS MVVMXEXI LMQ 4VIXIRH XS FI [IEO XLEX LI QE] KVS[ EVVSKERX -J LI MW XEOMRK LMW IEWI KMZI LMQ RS VIWX -J LMW JSVGIW EVI YRMXIH WITEVEXI XLIQ %XXEGO LMQ [LIVI LI MW YRTVITEVIH ETTIEV [LIVI ]SY EVI RSX ITIGXIH 8LIWI QMPMXEV] HIZMGIW PIEHMRK XS ZMGXSV] QYWX RSX FI HMZYPKIH FIJSVILERH 2S[ XLI KIRIVEP [LS [MRW E FEXXPI QEOIW QER] GEPGYPEXMSRW MR LMW XIQTPI IVI XLI FEXXPI MW JSYKLX 8LI KIRIVEP [LS PSWIW E FEXXPI QEOIW FYX JI[ GEPGYPEXMSRW FIJSVILERH 8LYW HS QER] GEPGYPEXMSRW PIEH XS ZMGXSV] ERH JI[ GEPGYPEXMSRW XS HIJIEX LS[ QYGL QSVI RS GEPGYPEXMSR EX EPP -X MW F] EXXIRXMSR XS XLMW TSMRX XLEX - GER JSVIWII [LS MW PMOIP] XS [MR SV PSWI [[[ WYRX^YWEMH GSQ
  • 6. ',%48)6 ;%+-2+ ;%6 7YR 8^Y WEMH -R XLI STIVEXMSRW SJ [EV [LIVI XLIVI EVI MR XLI JMIPH E XLSYWERH W[MJX GLEVMSXW EW QER] LIEZ] GLEVMSXW ERH E LYRHVIH XLSYWERH QEMP GPEH WSPHMIVW [MXL TVSZMWMSRW IRSYKL XS GEVV] XLIQ E XLSYWERH 0- XLI ITIRHMXYVI EX LSQI ERH EX XLI JVSRX MRGPYHMRK IRXIVXEMRQIRX SJ KYIWXW WQEPP MXIQW WYGL EW KPYI ERH TEMRX ERH WYQW WTIRX SR GLEVMSXW ERH EVQSV [MPP VIEGL XLI XSXEP SJ E XLSYWERH SYRGIW SJ WMPZIV TIV HE] 7YGL MW XLI GSWX SJ VEMWMRK ER EVQ] SJ QIR ;LIR ]SY IRKEKI MR EGXYEP JMKLXMRK MJ ZMGXSV] MW PSRK MR GSQMRK XLIR QIR W [IETSRW [MPP KVS[ HYPP ERH XLIMV EVHSV [MPP FI HEQTIH -J ]SY PE] WMIKI XS E XS[R ]SY [MPP ILEYWX ]SYV WXVIRKXL %KEMR MJ XLI GEQTEMKR MW TVSXVEGXIH XLI VIWSYVGIW SJ XLI 7XEXI [MPP RSX FI IUYEP XS XLI WXVEMR 2S[ [LIR ]SYV [IETSRW EVI HYPPIH ]SYV EVHSV HEQTIH ]SYV WXVIRKXL ILEYWXIH ERH ]SYV XVIEWYVI WTIRX SXLIV GLMIJXEMRW [MPP WTVMRK YT XS XEOI EHZERXEKI SJ ]SYV IXVIQMX] 8LIR RS QER LS[IZIV [MWI [MPP FI EFPI XS EZIVX XLI GSRWIUYIRGIW XLEX QYWX IRWYI 8LYW XLSYKL [I LEZI LIEVH SJ WXYTMH LEWXI MR [EV GPIZIVRIWW LEW RIZIV FIIR WIIR EWWSGMEXIH [MXL PSRK HIPE]W 8LIVI MW RS MRWXERGI SJ E GSYRXV] LEZMRK FIRIJMXIH JVSQ TVSPSRKIH [EVJEVI -X MW SRP] SRI [LS MW XLSVSYKLP] EGUYEMRXIH [MXL XLI IZMPW SJ [EV XLEX GER XLSVSYKLP] YRHIVWXERH XLI TVSJMXEFPI [E] SJ GEVV]MRK MX SR [[[ WYRX^YWEMH GSQ
  •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
  •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
  •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
  •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
  • 11. 8LYW [I QE] ORS[ XLEX XLIVI EVI JMZI IWWIRXMEPW JSV ZMGXSV] ,I [MPP [MR [LS ORS[W [LIR XS JMKLX ERH [LIR RSX XS JMKLX ,I [MPP [MR [LS ORS[W LS[ XS LERHPI FSXL WYTIVMSV ERH MRJIVMSV JSVGIW ,I [MPP [MR [LSWI EVQ] MW ERMQEXIH F] XLI WEQI WTMVMX XLVSYKLSYX EPP MXW VEROW ,I [MPP [MR [LS TVITEVIH LMQWIPJ [EMXW XS XEOI XLI IRIQ] YRTVITEVIH ,I [MPP [MR [LS LEW QMPMXEV] GETEGMX] ERH MW RSX MRXIVJIVIH [MXL F] XLI WSZIVIMKR ,IRGI XLI WE]MRK -J ]SY ORS[ XLI IRIQ] ERH ORS[ ]SYVWIPJ ]SY RIIH RSX JIEV XLI VIWYPX SJ E LYRHVIH FEXXPIW -J ]SY ORS[ ]SYVWIPJ FYX RSX XLI IRIQ] JSV IZIV] ZMGXSV] KEMRIH ]SY [MPP EPWS WYJJIV E HIJIEX -J ]SY ORS[ RIMXLIV XLI IRIQ] RSV ]SYVWIPJ ]SY [MPP WYGGYQF MR IZIV] FEXXPI [[[ WYRX^YWEMH GSQ
  •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
  •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
  • 14. % ZMGXSVMSYW EVQ] STTSWIH XS E VSYXIH SRI MW EW E TSYRH W [IMKLX TPEGIH MR XLI WGEPI EKEMRWX E WMRKPI KVEMR 8LI SRVYWL SJ E GSRUYIVMRK JSVGI MW PMOI XLI FYVWXMRK SJ TIRX YT [EXIVW MRXS E GLEWQ E XLSYWERH JEXLSQW HIIT [[[ WYRX^YWEMH GSQ
  •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
  • 16. 8LIVI EVI RSX QSVI XLER JMZI GEVHMREP XEWXIW WSYV EGVMH WEPX W[IIX FMXXIV ]IX GSQFMREXMSRW SJ XLIQ ]MIPH QSVI JPEZSVW XLER GER IZIV FI XEWXIH -R FEXXPI XLIVI EVI RSX QSVI XLER X[S QIXLSHW SJ EXXEGO XLI HMVIGX ERH XLI MRHMVIGX ]IX XLIWI X[S MR GSQFMREXMSR KMZI VMWI XS ER IRHPIWW WIVMIW SJ QERIYZIVW 8LI HMVIGX ERH XLI MRHMVIGX PIEH SR XS IEGL SXLIV MR XYVR -X MW PMOI QSZMRK MR E GMVGPI ]SY RIZIV GSQI XS ER IRH ;LS GER ILEYWX XLI TSWWMFMPMXMIW SJ XLIMV GSQFMREXMSR# 8LI SRWIX SJ XVSSTW MW PMOI XLI VYWL SJ E XSVVIRX [LMGL [MPP IZIR VSPP WXSRIW EPSRK MR MXW GSYVWI 8LI UYEPMX] SJ HIGMWMSR MW PMOI XLI [IPP XMQIH W[SST SJ E JEPGSR [LMGL IREFPIW MX XS WXVMOI ERH HIWXVS] MXW ZMGXMQ 8LIVIJSVI XLI KSSH JMKLXIV [MPP FI XIVVMFPI MR LMW SRWIX ERH TVSQTX MR LMW HIGMWMSR )RIVK] QE] FI PMOIRIH XS XLI FIRHMRK SJ E GVSWWFS[ HIGMWMSR XS XLI VIPIEWMRK SJ E XVMKKIV %QMH XLI XYVQSMP ERH XYQYPX SJ FEXXPI XLIVI QE] FI WIIQMRK HMWSVHIV ERH ]IX RS VIEP HMWSVHIV EX EPP EQMH GSRJYWMSR ERH GLESW ]SYV EVVE] QE] FI [MXLSYX LIEH SV XEMP ]IX MX [MPP FI TVSSJ EKEMRWX HIJIEX 7MQYPEXIH HMWSVHIV TSWXYPEXIW TIVJIGX HMWGMTPMRI WMQYPEXIH JIEV TSWXYPEXIW GSYVEKI WMQYPEXIH [IEORIWW TSWXYPEXIW WXVIRKXL ,MHMRK SVHIV FIRIEXL XLI GPSEO SJ HMWSVHIV MW WMQTP] E UYIWXMSR SJ WYFHMZMWMSR GSRGIEPMRK GSYVEKI YRHIV E WLS[ SJ XMQMHMX] TVIWYTTSWIW E JYRH SJ PEXIRX IRIVK] QEWOMRK WXVIRKXL [MXL [IEORIWW MW XS FI IJJIGXIH F] XEGXMGEP HMWTSWMXMSRW [[[ WYRX^YWEMH GSQ
  •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
  • 18. ',%48)6 ;)%/ 43-287 %2( 78632+ 7YR 8^Y WEMH ;LSIZIV MW JMVWX MR XLI JMIPH ERH E[EMXW XLI GSQMRK SJ XLI IRIQ] [MPP FI JVIWL JSV XLI JMKLX [LSIZIV MW WIGSRH MR XLI JMIPH ERH LEW XS LEWXIR XS FEXXPI [MPP EVVMZI ILEYWXIH 8LIVIJSVI XLI GPIZIV GSQFEXERX MQTSWIW LMW [MPP SR XLI IRIQ] FYX HSIW RSX EPPS[ XLI IRIQ] W [MPP XS FI MQTSWIH SR LMQ &] LSPHMRK SYX EHZERXEKIW XS LMQ LI GER GEYWI XLI IRIQ] XS ETTVSEGL SJ LMW S[R EGGSVH SV F] MRJPMGXMRK HEQEKI LI GER QEOI MX MQTSWWMFPI JSV XLI IRIQ] XS HVE[ RIEV -J XLI IRIQ] MW XEOMRK LMW IEWI LI GER LEVEWW LMQ MJ [IPP WYTTPMIH [MXL JSSH LI GER WXEVZI LMQ SYX MJ UYMIXP] IRGEQTIH LI GER JSVGI LMQ XS QSZI %TTIEV EX TSMRXW [LMGL XLI IRIQ] QYWX LEWXIR XS HIJIRH QEVGL W[MJXP] XS TPEGIW [LIVI ]SY EVI RSX ITIGXIH %R EVQ] QE] QEVGL KVIEX HMWXERGIW [MXLSYX HMWXVIWW MJ MX QEVGLIW XLVSYKL GSYRXV] [LIVI XLI IRIQ] MW RSX =SY GER FI WYVI SJ WYGGIIHMRK MR ]SYV EXXEGOW MJ ]SY SRP] EXXEGO TPEGIW [LMGL EVI YRHIJIRHIH =SY GER IRWYVI XLI WEJIX] SJ ]SYV HIJIRWI MJ ]SY SRP] LSPH TSWMXMSRW XLEX GERRSX FI EXXEGOIH ,IRGI XLEX KIRIVEP MW WOMPPJYP MR EXXEGO [LSWI STTSRIRX HSIW RSX ORS[ [LEX XS HIJIRH ERH LI MW WOMPPJYP MR HIJIRWI [LSWI STTSRIRX HSIW RSX ORS[ [LEX XS EXXEGO 3 HMZMRI EVX SJ WYFXPIX] ERH WIGVIG] 8LVSYKL ]SY [I PIEVR XS FI MRZMWMFPI XLVSYKL ]SY MREYHMFPI ERH LIRGI [I GER LSPH XLI IRIQ] W JEXI MR SYV LERHW [[[ WYRX^YWEMH GSQ
  • 19. =SY QE] EHZERGI ERH FI EFWSPYXIP] MVVIWMWXMFPI MJ ]SY QEOI JSV XLI IRIQ] W [IEO TSMRXW ]SY QE] VIXMVI ERH FI WEJI JVSQ TYVWYMX MJ ]SYV QSZIQIRXW EVI QSVI VETMH XLER XLSWI SJ XLI IRIQ] -J [I [MWL XS JMKLX XLI IRIQ] GER FI JSVGIH XS ER IRKEKIQIRX IZIR XLSYKL LI FI WLIPXIVIH FILMRH E LMKL VEQTEVX ERH E HIIT HMXGL %PP [I RIIH HS MW EXXEGO WSQI SXLIV TPEGI XLEX LI [MPP FI SFPMKIH XS VIPMIZI -J [I HS RSX [MWL XS JMKLX [I GER TVIZIRX XLI IRIQ] JVSQ IRKEKMRK YW IZIR XLSYKL XLI PMRIW SJ SYV IRGEQTQIRX FI QIVIP] XVEGIH SYX SR XLI KVSYRH %PP [I RIIH HS MW XS XLVS[ WSQIXLMRK SHH ERH YREGGSYRXEFPI MR LMW [E] &] HMWGSZIVMRK XLI IRIQ] W HMWTSWMXMSRW ERH VIQEMRMRK MRZMWMFPI SYVWIPZIW [I GER OIIT SYV JSVGIW GSRGIRXVEXIH [LMPI XLI IRIQ] W QYWX FI HMZMHIH ;I GER JSVQ E WMRKPI YRMXIH FSH] [LMPI XLI IRIQ] QYWX WTPMX YT MRXS JVEGXMSRW ,IRGI XLIVI [MPP FI E [LSPI TMXXIH EKEMRWX WITEVEXI TEVXW SJ E [LSPI [LMGL QIERW XLEX [I WLEPP FI QER] XS XLI IRIQ] W JI[ %RH MJ [I EVI EFPI XLYW XS EXXEGO ER MRJIVMSV JSVGI [MXL E WYTIVMSV SRI SYV STTSRIRXW [MPP FI MR HMVI WXVEMXW 8LI WTSX [LIVI [I MRXIRH XS JMKLX QYWX RSX FI QEHI ORS[R JSV XLIR XLI IRIQ] [MPP LEZI XS TVITEVI EKEMRWX E TSWWMFPI EXXEGO EX WIZIVEP HMJJIVIRX TSMRXW ERH LMW JSVGIW FIMRK XLYW HMWXVMFYXIH MR QER] HMVIGXMSRW XLI RYQFIVW [I WLEPP LEZI XS JEGI EX ER] KMZIR TSMRX [MPP FI TVSTSVXMSREXIP] JI[ *SV WLSYPH XLI IRIQ] WXVIRKXLIR LMW ZER LI [MPP [IEOIR LMW VIEV WLSYPH LI WXVIRKXLIR LMW VIEV LI [MPP [IEOIR LMW ZER WLSYPH LI WXVIRKXLIR LMW PIJX LI [MPP [IEOIR LMW VMKLX WLSYPH LI [[[ WYRX^YWEMH GSQ
  •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
  •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
  •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
  •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
  •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
  • 25. (MWGMTPMRIH ERH GEPQ XS E[EMX XLI ETTIEVERGI SJ HMWSVHIV ERH LYFFYF EQSRKWX XLI IRIQ] XLMW MW XLI EVX SJ VIXEMRMRK WIPJ TSWWIWWMSR 8S FI RIEV XLI KSEP [LMPI XLI IRIQ] MW WXMPP JEV JVSQ MX XS [EMX EX IEWI [LMPI XLI IRIQ] MW XSMPMRK ERH WXVYKKPMRK XS FI [IPP JIH [LMPI XLI IRIQ] MW JEQMWLIH XLMW MW XLI EVX SJ LYWFERHMRK SRI W WXVIRKXL 8S VIJVEMR JVSQ MRXIVGITXMRK ER IRIQ] [LSWI FERRIVW EVI MR TIVJIGX SVHIV XS VIJVEMR JVSQ EXXEGOMRK ER EVQ] HVE[R YT MR GEPQ ERH GSRJMHIRX EVVE] XLMW MW XLI EVX SJ WXYH]MRK GMVGYQWXERGIW -X MW E QMPMXEV] EMSQ RSX XS EHZERGI YTLMPP EKEMRWX XLI IRIQ] RSV XS STTSWI LMQ [LIR LI GSQIW HS[RLMPP (S RSX TYVWYI ER IRIQ] [LS WMQYPEXIW JPMKLX HS RSX EXXEGO WSPHMIVW [LSWI XIQTIV MW OIIR (S RSX W[EPPS[ FEMX SJJIVIH F] XLI IRIQ] (S RSX MRXIVJIVI [MXL ER EVQ] XLEX MW VIXYVRMRK LSQI ;LIR ]SY WYVVSYRH ER EVQ] PIEZI ER SYXPIX JVII (S RSX TVIWW E HIWTIVEXI JSI XSS LEVH 7YGL MW XLI EVX SJ [EVJEVI [[[ WYRX^YWEMH GSQ
  •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
  •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
  •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
  • 29. 8LIWI EVI XLI JSYV YWIJYP FVERGLIW SJ QMPMXEV] ORS[PIHKI [LMGL IREFPIH XLI =IPPS[ )QTIVSV XS ZERUYMWL JSYV WIZIVEP WSZIVIMKRW %PP EVQMIW TVIJIV LMKL KVSYRH XS PS[ ERH WYRR] TPEGIW XS HEVO -J ]SY EVI GEVIJYP SJ ]SYV QIR ERH GEQT SR LEVH KVSYRH XLI EVQ] [MPP FI JVII JVSQ HMWIEWI SJ IZIV] OMRH ERH XLMW [MPP WTIPP ZMGXSV] ;LIR ]SY GSQI XS E LMPP SV E FERO SGGYT] XLI WYRR] WMHI [MXL XLI WPSTI SR ]SYV VMKLX VIEV 8LYW ]SY [MPP EX SRGI EGX JSV XLI FIRIJMX SJ ]SYV WSPHMIVW ERH YXMPM^I XLI REXYVEP EHZERXEKIW SJ XLI KVSYRH ;LIR MR GSRWIUYIRGI SJ LIEZ] VEMRW YT GSYRXV] E VMZIV [LMGL ]SY [MWL XS JSVH MW W[SPPIR ERH JPIGOIH [MXL JSEQ ]SY QYWX [EMX YRXMP MX WYFWMHIW 'SYRXV] MR [LMGL XLIVI EVI TVIGMTMXSYW GPMJJW [MXL XSVVIRXW VYRRMRK FIX[IIR HIIT REXYVEP LSPPS[W GSRJMRIH TPEGIW XERKPIH XLMGOIXW UYEKQMVIW ERH GVIZEWWIW WLSYPH FI PIJX [MXL EPP TSWWMFPI WTIIH ERH RSX ETTVSEGLIH ;LMPI [I OIIT E[E] JVSQ WYGL TPEGIW [I WLSYPH KIX XLI IRIQ] XS ETTVSEGL XLIQ [LMPI [I JEGI XLIQ [I WLSYPH PIX XLI IRIQ] LEZI XLIQ SR LMW VIEV -J MR XLI RIMKLFSVLSSH SJ ]SYV GEQT XLIVI WLSYPH FI ER] LMPP] GSYRXV] TSRHW WYVVSYRHIH F] EUYEXMG KVEWW LSPPS[ FEWMRW JMPPIH [MXL VIIHW SV [SSHW [MXL XLMGO YRHIVKVS[XL XLI] QYWX FI GEVIJYPP] VSYXIH SYX ERH WIEVGLIH JSV XLIWI EVI TPEGIW [LIVI QIR MR EQFYWL SV MRWMHMSYW WTMIW EVI PMOIP] XS FI PYVOMRK [[[ WYRX^YWEMH GSQ
  • 30. ;LIR XLI IRIQ] MW GPSWI EX LERH ERH VIQEMRW UYMIX LI MW VIP]MRK SR XLI REXYVEP WXVIRKXL SJ LMW TSWMXMSR ;LIR LI OIITW EPSSJ ERH XVMIW XS TVSZSOI E FEXXPI LI MW ERMSYW JSV XLI SXLIV WMHI XS EHZERGI -J LMW TPEGI SJ IRGEQTQIRX MW IEW] SJ EGGIWW LI MW XIRHIVMRK E FEMX 1SZIQIRX EQSRKWX XLI XVIIW SJ E JSVIWX WLS[W XLEX XLI IRIQ] MW EHZERGMRK 8LI ETTIEVERGI SJ E RYQFIV SJ WGVIIRW MR XLI QMHWX SJ XLMGO KVEWW QIERW XLEX XLI IRIQ] [ERXW XS QEOI YW WYWTMGMSYW 8LI VMWMRK SJ FMVHW MR XLIMV JPMKLX MW XLI WMKR SJ ER EQFYWGEHI 7XEVXPIH FIEWXW MRHMGEXI XLEX E WYHHIR EXXEGO MW GSQMRK ;LIR XLIVI MW HYWX VMWMRK MR E LMKL GSPYQR MX MW XLI WMKR SJ GLEVMSXW EHZERGMRK [LIR XLI HYWX MW PS[ FYX WTVIEH SZIV E [MHI EVIE MX FIXSOIRW XLI ETTVSEGL SJ MRJERXV] ;LIR MX FVERGLIW SYX MR HMJJIVIRX HMVIGXMSRW MX WLS[W XLEX TEVXMIW LEZI FIIR WIRX XS GSPPIGX JMVI[SSH % JI[ GPSYHW SJ HYWX QSZMRK XS ERH JVS WMKRMJ] XLEX XLI EVQ] MW IRGEQTMRK ,YQFPI [SVHW ERH MRGVIEWIH TVITEVEXMSRW EVI WMKRW XLEX XLI IRIQ] MW EFSYX XS EHZERGI :MSPIRX PERKYEKI ERH HVMZMRK JSV[EVH EW MJ XS XLI EXXEGO EVI WMKRW XLEX LI [MPP VIXVIEX ;LIR XLI PMKLX GLEVMSXW GSQI SYX JMVWX ERH XEOI YT E TSWMXMSR SR XLI [MRKW MX MW E WMKR XLEX XLI IRIQ] MW JSVQMRK JSV FEXXPI 4IEGI TVSTSWEPW YREGGSQTERMIH F] E W[SVR GSZIRERX MRHMGEXI E TPSX ;LIR XLIVI MW QYGL VYRRMRK EFSYX ERH XLI WSPHMIVW JEPP MRXS VERO MX QIERW XLEX XLI GVMXMGEP QSQIRX LEW GSQI [[[ WYRX^YWEMH GSQ
  • 31. ;LIR WSQI EVI WIIR EHZERGMRK ERH WSQI VIXVIEXMRK MX MW E PYVI ;LIR XLI WSPHMIVW WXERH PIERMRK SR XLIMV WTIEVW XLI] EVI JEMRX JVSQ [ERX SJ JSSH -J XLSWI [LS EVI WIRX XS HVE[ [EXIV FIKMR F] HVMROMRK XLIQWIPZIW XLI EVQ] MW WYJJIVMRK JVSQ XLMVWX -J XLI IRIQ] WIIW ER EHZERXEKI XS FI KEMRIH ERH QEOIW RS IJJSVX XS WIGYVI MX XLI WSPHMIVW EVI ILEYWXIH -J FMVHW KEXLIV SR ER] WTSX MX MW YRSGGYTMIH 'PEQSV F] RMKLX FIXSOIRW RIVZSYWRIWW -J XLIVI MW HMWXYVFERGI MR XLI GEQT XLI KIRIVEP W EYXLSVMX] MW [IEO -J XLI FERRIVW ERH JPEKW EVI WLMJXIH EFSYX WIHMXMSR MW EJSSX -J XLI SJJMGIVW EVI ERKV] MX QIERW XLEX XLI QIR EVI [IEV] ;LIR ER EVQ] JIIHW MXW LSVWIW [MXL KVEMR ERH OMPPW MXW GEXXPI JSV JSSH ERH [LIR XLI QIR HS RSX LERK XLIMV GSSOMRK TSXW SZIV XLI GEQT JMVIW WLS[MRK XLEX XLI] [MPP RSX VIXYVR XS XLIMV XIRXW ]SY QE] ORS[ XLEX XLI] EVI HIXIVQMRIH XS JMKLX XS XLI HIEXL 8LI WMKLX SJ QIR [LMWTIVMRK XSKIXLIV MR WQEPP ORSXW SV WTIEOMRK MR WYFHYIH XSRIW TSMRXW XS HMWEJJIGXMSR EQSRKWX XLI VERO ERH JMPI 8SS JVIUYIRX VI[EVHW WMKRMJ] XLEX XLI IRIQ] MW EX XLI IRH SJ LMW VIWSYVGIW XSS QER] TYRMWLQIRXW FIXVE] E GSRHMXMSR SJ HMVI HMWXVIWW 8S FIKMR F] FPYWXIV FYX EJXIV[EVHW XS XEOI JVMKLX EX XLI IRIQ] W RYQFIVW WLS[W E WYTVIQI PEGO SJ MRXIPPMKIRGI [[[ WYRX^YWEMH GSQ
  • 32. ;LIR IRZS]W EVI WIRX [MXL GSQTPMQIRXW MR XLIMV QSYXLW MX MW E WMKR XLEX XLI IRIQ] [MWLIW JSV E XVYGI -J XLI IRIQ] W XVSSTW QEVGL YT ERKVMP] ERH VIQEMR JEGMRK SYVW JSV E PSRK XMQI [MXLSYX IMXLIV NSMRMRK FEXXPI SV XEOMRK XLIQWIPZIW SJJ EKEMR XLI WMXYEXMSR MW SRI XLEX HIQERHW KVIEX ZMKMPERGI ERH GMVGYQWTIGXMSR -J SYV XVSSTW EVI RS QSVI MR RYQFIV XLER XLI IRIQ] XLEX MW EQTP] WYJJMGMIRX MX SRP] QIERW XLEX RS HMVIGX EXXEGO GER FI QEHI ;LEX [I GER HS MW WMQTP] XS GSRGIRXVEXI EPP SYV EZEMPEFPI WXVIRKXL OIIT E GPSWI [EXGL SR XLI IRIQ] ERH SFXEMR VIMRJSVGIQIRXW ,I [LS IIVGMWIW RS JSVIXLSYKLX FYX QEOIW PMKLX SJ LMW STTSRIRXW MW WYVI XS FI GETXYVIH F] XLIQ -J WSPHMIVW EVI TYRMWLIH FIJSVI XLI] LEZI KVS[R EXXEGLIH XS ]SY XLI] [MPP RSX TVSZI WYFQMWWMZI ERH YRPIWW WYFQMWWMZI XLIR [MPP FI TVEGXMGEPP] YWIPIWW -J [LIR XLI WSPHMIVW LEZI FIGSQI EXXEGLIH XS ]SY TYRMWLQIRXW EVI RSX IRJSVGIH XLI] [MPP WXMPP FI YRPIWW 8LIVIJSVI WSPHMIVW QYWX FI XVIEXIH MR XLI JMVWX MRWXERGI [MXL LYQERMX] FYX OITX YRHIV GSRXVSP F] QIERW SJ MVSR HMWGMTPMRI 8LMW MW E GIVXEMR VSEH XS ZMGXSV] -J MR XVEMRMRK WSPHMIVW GSQQERHW EVI LEFMXYEPP] IRJSVGIH XLI EVQ] [MPP FI [IPP HMWGMTPMRIH MJ RSX MXW HMWGMTPMRI [MPP FI FEH -J E KIRIVEP WLS[W GSRJMHIRGI MR LMW QIR FYX EP[E]W MRWMWXW SR LMW SVHIVW FIMRK SFI]IH XLI KEMR [MPP FI QYXYEP [[[ WYRX^YWEMH GSQ
  •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
  •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
  •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
  • 36. 6IKEVH ]SYV WSPHMIVW EW ]SYV GLMPHVIR ERH XLI] [MPP JSPPS[ ]SY MRXS XLI HIITIWX ZEPPI]W PSSO YTSR XLIQ EW ]SYV S[R FIPSZIH WSRW ERH XLI] [MPP WXERH F] ]SY IZIR YRXS HIEXL -J LS[IZIV ]SY EVI MRHYPKIRX FYX YREFPI XS QEOI ]SYV EYXLSVMX] JIPX OMRH LIEVXIH FYX YREFPI XS IRJSVGI ]SYV GSQQERHW ERH MRGETEFPI QSVISZIV SJ UYIPPMRK HMWSVHIV XLIR ]SYV WSPHMIVW QYWX FI PMOIRIH XS WTSMPX GLMPHVIR XLI] EVI YWIPIWW JSV ER] TVEGXMGEP TYVTSWI -J [I ORS[ XLEX SYV S[R QIR EVI MR E GSRHMXMSR XS EXXEGO FYX EVI YRE[EVI XLEX XLI IRIQ] MW RSX STIR XS EXXEGO [I LEZI KSRI SRP] LEPJ[E] XS[EVHW ZMGXSV] -J [I ORS[ XLEX XLI IRIQ] MW STIR XS EXXEGO FYX EVI YRE[EVI XLEX SYV S[R QIR EVI RSX MR E GSRHMXMSR XS EXXEGO [I LEZI KSRI SRP] LEPJ[E] XS[EVHW ZMGXSV] -J [I ORS[ XLEX XLI IRIQ] MW STIR XS EXXEGO ERH EPWS ORS[ XLEX SYV QIR EVI MR E GSRHMXMSR XS EXXEGO FYX EVI YRE[EVI XLEX XLI REXYVI SJ XLI KVSYRH QEOIW JMKLXMRK MQTVEGXMGEFPI [I LEZI WXMPP KSRI SRP] LEPJ[E] XS[EVHW ZMGXSV] ,IRGI XLI ITIVMIRGIH WSPHMIV SRGI MR QSXMSR MW RIZIV FI[MPHIVIH SRGI LI LEW FVSOIR GEQT LI MW RIZIV EX E PSWW ,IRGI XLI WE]MRK -J ]SY ORS[ XLI IRIQ] ERH ORS[ ]SYVWIPJ ]SYV ZMGXSV] [MPP RSX WXERH MR HSYFX MJ ]SY ORS[ ,IEZIR ERH ORS[ )EVXL ]SY QE] QEOI ]SYV ZMGXSV] GSQTPIXI [[[ WYRX^YWEMH GSQ
  •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
  •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
  •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
  • 40. 3R XLI HE] XLI] EVI SVHIVIH SYX XS FEXXPI ]SYV WSPHMIVW QE] [IIT XLSWI WMXXMRK YT FIHI[MRK XLIMV KEVQIRXW ERH XLSWI P]MRK HS[R PIXXMRK XLI XIEVW VYR HS[R XLIMV GLIIOW &YX PIX XLIQ SRGI FI FVSYKLX XS FE] ERH XLI] [MPP HMWTPE] XLI GSYVEKI SJ E 'LY SV E /YIM 8LI WOMPPJYP XEGXMGMER QE] FI PMOIRIH XS XLI 7,9%- .%2 2S[ XLI 7,9%- .%2 MW E WREOI XLEX MW JSYRH MR XLI 'LDERK QSYRXEMRW 7XVMOI EX MXW LIEH ERH ]SY [MPP FI EXXEGOIH F] MXW XEMP WXVMOI EX MXW XEMP ERH ]SY [MPP FI EXXEGOIH F] MXW LIEH WXVMOI EX MXW QMHHPI ERH ]SY [MPP FI EXXEGOIH F] LIEH ERH XEMP FSXL %WOIH MJ ER EVQ] GER FI QEHI XS MQMXEXI XLI 7,9%- .%2 - WLSYPH ERW[IV =IW *SV XLI QIR SJ ;Y ERH XLI QIR SJ =YIL EVI IRIQMIW ]IX MJ XLI] EVI GVSWWMRK E VMZIV MR XLI WEQI FSEX ERH EVI GEYKLX F] E WXSVQ XLI] [MPP GSQI XS IEGL SXLIV W EWWMWXERGI NYWX EW XLI PIJX LERH LIPTW XLI VMKLX ,IRGI MX MW RSX IRSYKL XS TYX SRI W XVYWX MR XLI XIXLIVMRK SJ LSVWIW ERH XLI FYV]MRK SJ GLEVMSX [LIIPW MR XLI KVSYRH 8LI TVMRGMTPI SR [LMGL XS QEREKI ER EVQ] MW XS WIX YT SRI WXERHEVH SJ GSYVEKI [LMGL EPP QYWX VIEGL ,S[ XS QEOI XLI FIWX SJ FSXL WXVSRK ERH [IEO XLEX MW E UYIWXMSR MRZSPZMRK XLI TVSTIV YWI SJ KVSYRH 8LYW XLI WOMPPJYP KIRIVEP GSRHYGXW LMW EVQ] NYWX EW XLSYKL LI [IVI PIEHMRK E WMRKPI QER [MPP] RMPP] F] XLI LERH -X MW XLI FYWMRIWW SJ E KIRIVEP XS FI UYMIX ERH XLYW IRWYVI WIGVIG] YTVMKLX ERH NYWX ERH XLYW QEMRXEMR SVHIV ,I QYWX FI EFPI XS Q]WXMJ] LMW SJJMGIVW ERH QIR F] JEPWI VITSVXW ERH ETTIEVERGIW ERH XLYW OIIT XLIQ MR XSXEP MKRSVERGI [[[ WYRX^YWEMH GSQ
  •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
  •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
  •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
  •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
  •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
  •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
  • 47. &YX E OMRKHSQ XLEX LEW SRGI FIIR HIWXVS]IH GER RIZIV GSQI EKEMR MRXS FIMRK RSV GER XLI HIEH IZIV FI FVSYKLX FEGO XS PMJI ,IRGI XLI IRPMKLXIRIH VYPIV MW LIIHJYP ERH XLI KSSH KIRIVEP JYPP SJ GEYXMSR 8LMW MW XLI [E] XS OIIT E GSYRXV] EX TIEGI ERH ER EVQ] MRXEGX [[[ WYRX^YWEMH GSQ
  • 48. ',%48)6 8,) 97) 3* 74-)7 7YR 8^Y WEMH 6EMWMRK E LSWX SJ E LYRHVIH XLSYWERH QIR ERH QEVGLMRK XLIQ KVIEX HMWXERGIW IRXEMPW LIEZ] PSWW SR XLI TISTPI ERH E HVEMR SR XLI VIWSYVGIW SJ XLI 7XEXI 8LI HEMP] ITIRHMXYVI [MPP EQSYRX XS E XLSYWERH SYRGIW SJ WMPZIV 8LIVI [MPP FI GSQQSXMSR EX LSQI ERH EFVSEH ERH QIR [MPP HVST HS[R ILEYWXIH SR XLI LMKL[E]W %W QER] EW WIZIR LYRHVIH XLSYWERH JEQMPMIW [MPP FI MQTIHIH MR XLIMV PEFSV ,SWXMPI EVQMIW QE] JEGI IEGL SXLIV JSV ]IEVW WXVMZMRK JSV XLI ZMGXSV] [LMGL MW HIGMHIH MR E WMRKPI HE] 8LMW FIMRK WS XS VIQEMR MR MKRSVERGI SJ XLI IRIQ] W GSRHMXMSR WMQTP] FIGEYWI SRI KVYHKIW XLI SYXPE] SJ E LYRHVIH SYRGIW SJ WMPZIV MR LSRSVW ERH IQSPYQIRXW MW XLI LIMKLX SJ MRLYQERMX] 3RI [LS EGXW XLYW MW RS PIEHIV SJ QIR RS TVIWIRX LIPT XS LMW WSZIVIMKR RS QEWXIV SJ ZMGXSV] 8LYW [LEX IREFPIW XLI [MWI WSZIVIMKR ERH XLI KSSH KIRIVEP XS WXVMOI ERH GSRUYIV ERH EGLMIZI XLMRKW FI]SRH XLI VIEGL SJ SVHMREV] QIR MW *36)/23;0)(+) 2S[ XLMW JSVIORS[PIHKI GERRSX FI IPMGMXIH JVSQ WTMVMXW MX GERRSX FI SFXEMRIH MRHYGXMZIP] JVSQ ITIVMIRGI RSV F] ER] HIHYGXMZI GEPGYPEXMSR /RS[PIHKI SJ XLI IRIQ] W HMWTSWMXMSRW GER SRP] FI SFXEMRIH JVSQ SXLIV QIR ,IRGI XLI YWI SJ WTMIW SJ [LSQ XLIVI EVI JMZI GPEWWIW 0SGEP WTMIW MR[EVH WTMIW GSRZIVXIH WTMIW HSSQIH WTMIW WYVZMZMRK WTMIW [[[ WYRX^YWEMH GSQ
  •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
  • 50. -J E WIGVIX TMIGI SJ RI[W MW HMZYPKIH F] E WT] FIJSVI XLI XMQI MW VMTI LI QYWX FI TYX XS HIEXL XSKIXLIV [MXL XLI QER XS [LSQ XLI WIGVIX [EW XSPH ;LIXLIV XLI SFNIGX FI XS GVYWL ER EVQ] XS WXSVQ E GMX] SV XS EWWEWWMREXI ER MRHMZMHYEP MX MW EP[E]W RIGIWWEV] XS FIKMR F] JMRHMRK SYX XLI REQIW SJ XLI EXXIRHERXW XLI EMHIW HI GEQT ERH HSSV OIITIVW ERH WIRXVMIW SJ XLI KIRIVEP MR GSQQERH 3YV WTMIW QYWX FI GSQQMWWMSRIH XS EWGIVXEMR XLIWI 8LI IRIQ] W WTMIW [LS LEZI GSQI XS WT] SR YW QYWX FI WSYKLX SYX XIQTXIH [MXL FVMFIW PIH E[E] ERH GSQJSVXEFP] LSYWIH 8LYW XLI] [MPP FIGSQI GSRZIVXIH WTMIW ERH EZEMPEFPI JSV SYV WIVZMGI -X MW XLVSYKL XLI MRJSVQEXMSR FVSYKLX F] XLI GSRZIVXIH WT] XLEX [I EVI EFPI XS EGUYMVI ERH IQTPS] PSGEP ERH MR[EVH WTMIW -X MW S[MRK XS LMW MRJSVQEXMSR EKEMR XLEX [I GER GEYWI XLI HSSQIH WT] XS GEVV] JEPWI XMHMRKW XS XLI IRIQ] 0EWXP] MX MW F] LMW MRJSVQEXMSR XLEX XLI WYVZMZMRK WT] GER FI YWIH SR ETTSMRXIH SGGEWMSRW 8LI IRH ERH EMQ SJ WT]MRK MR EPP MXW JMZI ZEVMIXMIW MW ORS[PIHKI SJ XLI IRIQ] ERH XLMW ORS[PIHKI GER SRP] FI HIVMZIH MR XLI JMVWX MRWXERGI JVSQ XLI GSRZIVXIH WT] ,IRGI MX MW IWWIRXMEP XLEX XLI GSRZIVXIH WT] FI XVIEXIH [MXL XLI YXQSWX PMFIVEPMX] 3J SPH XLI VMWI SJ XLI =MR H]REWX] [EW HYI XS - 'LML [LS LEH WIVZIH YRHIV XLI ,WME 0MOI[MWI XLI VMWI SJ XLI 'LSY H]REWX] [EW HYI XS 0Y =E [LS LEH WIVZIH YRHIV XLI =MR ,IRGI MX MW SRP] XLI IRPMKLXIRIH VYPIV ERH XLI [MWI KIRIVEP [LS [MPP YWI XLI LMKLIWX MRXIPPMKIRGI SJ XLI EVQ] JSV TYVTSWIW SJ WT]MRK ERH XLIVIF] XLI] EGLMIZI KVIEX VIWYPXW 7TMIW EVI E QSWX [[[ WYRX^YWEMH GSQ
  • 51. MQTSVXERX IPIQIRX MR [EXIV FIGEYWI SR XLIQ HITIRHW ER EVQ] W EFMPMX] XS QSZI [[[ WYRX^YWEMH GSQ