Word: algerism
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...David Alger...
...David Alger ’66, whose approach to investing in stocks brought the mutual funds he managed to the top of the 1990s bull market, died in the collapse of the World Trade Center...
...manager since 1995 of Fred Alger Management, Inc., he rejected the practice of value investing and its emphasis on underlying corporate values, instead relying on his own intricate analyses of future earnings potential. Under his leadership, the company went from managing $3 billion to $15 billion in assets and grew from 82 to 220 employees...
...with other writers? songs. Mann and Weil had written "Only in America" as a scathing denunciation of civil inequity: "Only in America/ Land of opportunity/ Do they save a seat in the back of the bus just for me." Leiber and Stoller rewrote the lyric as a straightforward, Horatio Alger anthem. The meaning was lost; worse, it was twisted...
...consensus among drug analysts is that Pfizer will report the highest profit growth for the quarter, up 24% over the same period a year ago. "It's the best of all the drug companies," says portfolio manager David Alger, who owns about $300 million worth of Pfizer in his funds. Merrill Lynch analyst Steve Tighe is high on the new products coming from Pharmacia, which has partnered with Pfizer to launch a new anti-arthritis drug. And he says Elan is attractive since it trades at a discount to large cap and specialty-drug stocks...