Word: buying
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...much a part of school success as native ability. He called parents together in meeting after meeting prescribed homework and more homework, sparked them to want to boost their children's grades. If parents were too uneducated to help with studies, he said frankly, they could at least buy dictionaries and give children a place to work. "Integration didn't put us in too good a light," he told the parents over and over. "School is important business. We have been low man on the totem pole, and too satisfied with...
...settling a suit charging a trustee with negligence in investing in common stocks, the judge held that a trustee for someone else's money need only "conduct himself faithfully and exercise the sound discretion" in investments that a prudent man would. This meant that Boston trustees could prudently buy into common stocks, fear no suits from clients even if they lost every penny...
...specific number of their own shares that were traded in the open market, concentrated on quick profits. M.I.T. shunned the lure of the fast profit, concentrated on long-term gains. More important, it threw out the closed-end idea by continually selling shares to anyone who wanted to buy, redeeming them when anyone wanted out at the net asset value per share on the day they sold (for M.I.T.: $14 per share last week...
...ahead, and M.I.T. began switching out of defensive stocks and into railroads, automobiles, mining and steel. With a poker player's eye, Robinson could look at a company's present and guess its future. He personally researched the Texas Co. (now Texaco, Inc.), persuaded the trustees to buy 15,000 shares. The trust kept on buying until it had put $9,400,000 in Texas Co.; today the shares are still in M.I.T.'s portfolio-at a market value of $44 million...
...commission, usually 71% to 81% (compared with the 1% commission for round-lot purchases on the New York Stock Exchange). Many a customer howls when told of it. But the funds have a quick rejoinder: they argue that the charge includes the cost of selling out as well as buying, is the price of broad diversification and professional management. If an investor with $4,200 (the average size of a mutual fund holding) tried to buy a diversified portfolio of stocks on the New York Stock Exchange, claim the funds, he would easily have...