Word: exoticism
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There are staggering profits to be made selling Russia's precious metals, especially those mined or produced by MINATOM. These include internationally restricted materials like boron 10, which is used in reactor control rods, and osmium 187, a nonradioactive isotope that can sell for more than $100,000 a gram...
Derivatives, which are based on such real assets as stocks and bonds, work like most professional betting games. They have a zero-sum outcome, always producing a winner and a loser. The bettors put up their money, and the people who run the casino -- a bank, a brokerage house or...
With banks and brokerages striving to create ever more exotic derivative products, it is hardly surprising that the markets have begun to show signs of overheating. "Some of the dynamics are too fast for the fastest players," says Doerrer. Concurs Bruce Hauptman, a Fairfield, Iowa, money manager who handles $800...
"I wanted something exotic for my girlfriend," said Rapaport.
As my personal culture hero Argus Aardvark recently commented, "Chicks. They're always giving you the wrong signals." Day 2. Girls, shmirls. Who needs 'em? I decided my next encounter with the Other should be wholesome and asexual. The Unofficial Guide to Life at Harvard describes the Outing Club as...