Word: fellow
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...another, more insidious, flaw. As the industry has grown, it has become harder to tell good investment managers from lucky ones - and lucky ones from outright frauds. In a recent paper, Dean Foster, a professor at the University of Pennsylvania's Wharton School, and H. Peyton Young, a senior fellow in economics at the Brookings Institution, argued that the lack of industry regulation makes bad managers nearly impossible to detect. By making bets that have a relatively low probability of failing - say, 10% - an unskilled manager has a 90% chance of making good. But if the bet does go south...
...Butler, Managing Director of Corporates for Crisis (CforC), calls his London consultancy a "boots and suits" operation. Not only are he and his fellow directors--Sahar Hashemi and Hugo Slim--willing to don heavy-duty footwear and head to some of the world's toughest regions, but so are the teams of experts they assemble to implement projects on behalf of multinational clients. Says Slim: "Most other consultants don't go into the field...
...early slate for the Crimson. These include two matchups in the Women of Troy Basketball Classic, where Harvard will face UC Santa Barbara and tournament host USC. As always, this year’s schedule is highlighted by the competitiveness of the Ivy League, with two games apiece against fellow Ivy League co-champions Dartmouth and Cornell and rival Yale...
...first-year instead committed to play with senior sensation Stephen Curry at Davidson, last year’s NCAA Tournnament Cinderella team. It’s not all bad for the Crimson, but the team will most definitely miss Van Nest this year. Combined with a minor injury to fellow freshman forward Peter Boehm, Amaker will need to fill some holes in this class. “We don’t have them all healthy, a couple of the freshmen kids are out—Boehm and Van Nest, those two in particular,” Amaker said...
...Crist and his fellow Republican governors really can instill or revive a less-dogmatic culture inside the GOP, then an equally important question is whether that will in turn influence a now dominant Democratic Party in Washington. Central to Obama's cross-party appeal was his clarion call to end America's corrosive red-blue polarization. Republican pols like Crist may take that ideal even more seriously than the hyperpartisan likes of Democratic Speaker of the House Nancy Pelosi. It's a long shot, but a more centrist-minded GOP could be the country's best guarantor against the Democrats...