Word: gets
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Dates: during 1970-1979
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...their time making specific decisions on which account, Harvard's $1.4 billion endowment. They don't spend much time on internal administration because the company is so small, and they don't spend any time on attracting more business or customers because the Corporation won't permit it. "They get to spend 90 or more per cent of their time on the fun part of it," Putnam says. In other investment firms, "as you move up in this field, you normally end up doing more administration and marketing and less day-to-day investing," he adds...
...risks, and today--though it remains prudent compared to most private investors--Harvard is buying more stocks. "We think stocks got over-valued from 1950 to 1972, and now there's a pendulum swing the other way," Putnam says. "We're taking this as a long-term opportunity to get some damn good stocks cheap," Cabot says...
...keeps its lines to other universities open, too, mostly through Cambridge Associates, which pools information from 20 schools. "You get into trouble in this business if you just talk to yourself all the time," Cabot says. Stanford for example, has a successful record investing in real estate development, and Harvard has begun to experiment with venture capital. Cabot says there's no reason for colleges to keep their experiences to themselves...
Paolillo said yesterday that police had known about the club, which had advertised a job offering $40-75 earnings per day for women with no prior experience, for about five weeks, adding that "we just had to get the whole thing together...
Cambridge Mayor Thomas W. Danehy yesterday praised the police, saying, "we should get rid of all those types of places in Cambridge...