Word: assets
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...fact, in most asset classes during FY02, Harvard met or outperformed its benchmarks...
...abandon MobilCom, which will likely throw the German cellular company into bankruptcy. But that was probably the easiest step in a restructuring that may need to reverse FT's entire strategy and hive off even the most prized possessions to cut debt. "I think they only have one material asset to sell outside the domestic business, and that's Orange," says Nomura analyst Mark James. The very idea of selling or completely de-merging the telecom crown jewel whose acquisition pushed FT's share price to all-time highs once looked like heresy. And the prospect isn't happier...
...Another asset to the team this year is Wheaton’s acknowledgement of its depth and the realization that the gap between his usual starters and the bench players was never large. There should be more substitutions than there were during last year’s regular season...
...next? How can you discourage a suicide bomber who is looking forward to being dead after killing you? Irrationality holds a treasured place in game theory, the branch of economics dedicated to strategic questions of this sort. Game theory's great insight is that irrationality can be an asset. If you can convince the world that you're nuts--and the surest way to do that is to be nuts--your behavior becomes impossible to predict or control. You become, in a way, invulnerable...
...bears the least surprising title in memory, but this authorized biography by the group's longtime publicist isn't all cheerful cliche. It's rife with little-known facts: McNally reports that roughly half the band experimented with Scientology. Yet McNally's greatest asset is not his inside gossip but his encyclopedic knowledge of the '60s counterculture. The book loses some charm halfway through, when constant touring takes over, making this 684-page tome much like a Dead show. Only fans will sit through the whole thing, but moments of drama and virtuosity abound. --By Benjamin Nugent