Word: coupon
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...because he likes his Explorer and sees his local dealer moving lots of iron. Then he sees Ford stock pull back hugely on Monday, and his mouth waters. But did he consider that Ford's business plan could be derailed by a weakened yen, which amounts to a giant coupon for discounts on Japanese cars? Or did he not think about it and just hope to get lucky...
...opening tip-off begins Saturday night at 7 p.m. Students gain free admission with their coupon book...
Tickets: Coupon...
Bring your student I.D. and coupon No. 5 to the Harvard ticket office (495-2211) which is located in the basement of Harvard Hall to get tickets for tonight's home game...
...that brings me to O'Higgins' new strategy: beating the Dow with bonds. O'Higgins sold all his stocks in 1993--missing some great years. For most of that time, though, he was invested in 30-year zero-coupon Treasury bonds, which also did well. This year, for example, zeros are up 23.4%. You know zero about zeros? They are basically bonds whose accrued principal and interest are paid at the end of the term. The bonds are safe if held to maturity, but their trading price whipsaws depending on interest-rate trends. For example, Treasury bonds now yield about...