Word: beardstown
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Call them the Beardstown Ladies with a Harvard flair...
...Beardstown Ladies beware--the Harvard Investment Association (HIA) wants to help you make money...
...capital firm Draper Fisher Jurvetson who has invested in FastParts, an electronics trading exchange, and Sonnet Financial, an online foreign exchange, calls B2B "the iceberg waiting to emerge." "Most people," Jurvetson says, "understand the business-to-consumer market because they are consumers themselves. It's kind of like the Beardstown Ladies' investment protocol: use a product, come to understand it and then invest in it. With business-to-business, though, unless you are entrenched in that industry and really understand that market segment, you are not going to appreciate how it's revolutionizing that business...
What do corporate chiefs know about the market? Individually, very little. Star honchos like Jack Welch at General Electric and Bill Gates at Microsoft can't time the Dow any better than the Beardstown Ladies. But they clearly know more about their own companies than anyone on Wall Street. So their actions as a group say something about the market as a whole. That's why analysts monitor things like insider stock transactions, new stock offerings and corporate stock buybacks. Even for wealthy CEOs, the object is to buy low and sell high, whether in managing the company's coffers...
...BEARDSTOWN LADIES Oops! Grandmotherly investors' return is 9.1%, not 23.4%. Thank heaven for Social Security...