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...Hedge funds restrict themselves to extremely wealthy investors who understand the risks involved and who can hypothetically absorb occasional big losses. In return, the industry has largely been exempted from the regulatory and disclosure requirements imposed on more common mutual funds. But hedge funds haven't just been the domain of the ultra-rich. Other pools of wealth, including university endowments and public pension funds, have put their money in so-called funds of hedge funds, which spread risk by investing in a portfolio of hedge funds and hence are considered safer. But since hedge funds are doing badly...

Author: /time Magazine | Title: Pruning Season | 11/13/2008 | See Source »

...shining moments of a dearly loved star—in the case of “Soul Men,” comedy king Bernie Mac. The death of the lead actor threatens to overtake much of the film’s content, unintentionally confining it to the rose-colored domain of a tribute; a funeral with popcorn and sticky floors. This is not to say that movies with recently departed stars are only well-received for this reason. “Dark Knight,” for example, is a film of such magnitude that it would have been...

Author: By Jessica O. Matthews, CRIMSON STAFF WRITER | Title: "Soul Men" | 11/7/2008 | See Source »

...diversity. The advocacy period is so long because a sponsor must first familiarize herself with the unique tenure process of each of the College’s 44 departments and those departments affiliated with our 13 other schools. Since Harvard faculty and administrators are very protective of their own domains, the sponsor must make sure that the proposal takes existing resources into account, such as those available through Human Resources or the Association of Black Faculty, Administrators, and Fellows. Next, a sponsor needs to solicit advice from numerous associate, provisional, and otherwise-affiliated deans. Such consultations serve the dual purpose...

Author: By Matthew L. Sundquist | Title: University Hall Rock | 10/29/2008 | See Source »

...second. Sociologists call the movement "e-Palestine": a feeling of nationhood cultivated online by young members of the fractured diaspora, some living in the confines of the occupied territories; others born and raised in exile and connected to Palestine at a remove of several generations. With the internet domain suffix ".ps," this young online community has acquired a kind of international recognition that the physical Palestine can only aspire...

Author: /time Magazine | Title: E-Palestine: Palestinian Youth Bring Their Politics Online | 10/29/2008 | See Source »

...saying, basically, he's got a point. What I've done is made a very nice map of what it is that we understand and what it is that we don't understand. I've also made a decision-making protocol based on these two. There is a domain in which we can measure the unknown, provided the large deviation doesn't play a big role. What we have at this crisis is a conjunction of what I've feared the most - namely, a very large deviation, very large exposure and very high measurement error. We're talking about someone...

Author: /time Magazine | Title: Nassim Nicholas Taleb | 10/24/2008 | See Source »

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