Word: bernsteins
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...will we believe the next offering that Wall Street will be retailing this week? "It's a buying opportunity!" "It's a short term blip!" A new report by Bernstein Global Wealth management notes that booms and busts often result in "unduly pronounced security mispricing," meaning, we tend to overdo things. Take banks, which were crushed in 1990 by real estate losses. (Sound familiar?) Ultimately, the game reset and bank stocks zoomed 199% through 1996, outpacing...
...Created in 1997 by Harvard Student Agencies, the conference aims to teach students about the private sector through exposure to faculty members and various professionals from the business world. Upon arrival last Sunday, participants were immersed in a crash course on accounting, courtesy of management doctoral student Ethan S. Bernstein. “We want to prove that undergrads are prepared to sit in the seats of an HBS classroom,” Bernstein told participants. “You’re used to hearing teachers who have complete control. That’s about to change...
...separated, Wall Street buzz naturally revolves around their merging with or buying other companies or being sold themselves, especially in the wake of the Mars-Wrigley deal. "We believe [the spin-off] makes Cadbury a more attractive potential acquisition target, especially for Kraft," says Andrew Wood, a Sanford C. Bernstein & Co. analyst...
DIED. Alan Jay Lerner, 67, composer, playwright and lyricist of Broadway hit musicals, including Brigadoon, My Fair Lady, Camelot, Paint Your Wagon and Gigi, and author of the screenplay for An American in Paris; of lung cancer; in New York City. Lerner worked with Kurt Weill and Leonard Bernstein, but his greatest successes were produced during a tempestuous, 20-year collaboration with Frederick Loewe (Lerner wrote the book and lyrics, Loewe the music). The partnership broke up in the early 1960s, but last year, at the Kennedy Center in Washington, the two were jointly honored for their contributions to American...
...Bernstein was stunned that, as much as the Marathon is such an iconic part of Boston culture, Harvard “doesn’t allow students to take advantage...