Word: commoner
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Dates: during 1950-1959
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Albania is the tiniest (pop. 1,500,000), the poorest, and most backward of all Communist satellites in Europe, and the only one that has no common border with another state in the U.S.S.R.'s empire. It is thus the one part of the empire that...
...Cooperators. All this seemed to justify skepticism about Europe's biggest step toward unity-the six-nation Common Market born last New Year's Day. Cynics called the Common Market a compromise between people who wanted to unite Europe without appearing to do so, and those who wanted to give the appearance of working toward European unity without actually achieving it. And when Charles de Gaulle came to power in France last June with his mystical ideas of national grandeur, doomsayers were quick to compose their epitaphs on European unity...
...Investors Management Co., of Elizabeth, N.J., runs one balanced and two common stock funds with total assets of $711 million. The shares of all three are sold by Hugh W. Long & Co., which did such a fine job that Hugh Long is now president of all the funds. ¶ Continental Research Corp., of Kansas City, Mo., manages four U.S. funds (including an income and a science fund) and participates in the management of a Canadian fund; it has 145,000 shareholders and total assets of $634 million. Founded in 1950 to take over management of the United Fund series...
Huge Appetite. M.I.T.'s aggressive leadership spawned a whole line of imitators and variations: ¶ The unrestricted common stock funds such as M.I.T., which like to keep a balance between dividend and growth stocks. ¶ The growth funds, which are concerned not with dividends but with long-term capital gains (M.I.T.'s own growth fund). ¶ The balanced funds (Philadelphia's Wellington Fund), which keep their money in both stocks and bonds and shift the balance as the market changes. ¶ The income funds, liked by elderly or retired investors, which concentrate on high-yielding stocks (Manhattan...
Nevertheless, some critics insist that buying a mutual fund is just buying a piece of the Dow-Jones industrial average, point out that the top five common stock funds just kept pace with the averages in the seven-year bull market. But Broker Arthur Weisenberger, the Boswell of the industry, whose brokerage house puts out the definitive yearbook of the funds, argues that an investor could pick a slow mover even in the stocks in the blue-chip Dow-Jones averages. Only 14 of the 30 stocks have done as well as the 229% gain in the averages...