Word: esotericism
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There are even more esoteric branches of the options market, such as "covered calls." Here, through distortions in the market, an investor can occasionally own the rights to buy a security at one price and sell it at a higher one--a guaranteed profit which Cabot calls "premium stripping." Harvard...
Fiddling with the door lock on the Tudor-style mansion, Funk says it will rain today. The countryside hums with farm machinery and insects. Inside, the house smells, the way old houses tend to, moist and rich, as if someone had enclosed a creek bottom. Late summer motes settle gently...
The fighting last week was not simply the result of sectarian rivalries. It was a show of force, designed to win a larger share of power in Lebanon's political patchwork, by the Druze, a small and esoteric sect with roots in Islam. Last month Walid Jumblatt, Druze chieftain...
Thomas Hicks has abandoned his commercial photography business in Portland, Ore., to devote himself to trading them. Webb Williams, Exxon Corp.'s trust fund manager, spends an increasing portion of his time investing in them for his company. So does Charles Stevenson, who operates his own New York-based...
Despite their esoteric quality, such experiments can have an immediate practical value: some infants suffer from eye ailments, such as cataracts, severe astigmatism and strabismus, which benefit from treatment much earlier than would once have been possible. No less important, the new research has demonstrated that an impairment of infant...