Word: happening
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...does this happen? Why is a hedge fund like Global Alpha affected by events in markets far removed from its bread-and-butter exposure? The root of the problem is high leverage. For example, when this debacle hit, one of Goldman's funds was leveraged 6 to 1, so every dollar of investor capital claimed six dollars of positions. This is the dry kindling for a market firestorm. When things go bad for a highly leveraged hedge fund, it gets a margin call and has to sell assets to reduce its exposure. Naturally, as it sells, prices drop. The falling...
...lesson this time around with Global Alpha is the same as it was with LTCM. But we seem to be slow on the uptake. These funds hired the best and the brightest, yet they became embroiled in crises largely of their own making. If it could happen to them, it will happen again. And we'll all share in the consequences. Again...
...possible answers: a) it would require nearly every single policeman and soldier on duty in Israel today; b) zero, because it simply won't happen. Despite pressure by the Bush Administration and the rest of the international community for Israel to withdraw many of its Jewish citizens from 220 hilltop settlements and outposts in the disputed West Bank, such a move could be so divisive in Israel that no Prime Minister, especially one as embattled as Ehud Olmert, would risk it. Olmert won the March 2006 election in part by vowing to remove large numbers of settlements. But public opinion...
...Musical, driving the plot of Mike Myers' So I Married an Axe Murderer and appearing as a sly joke in Men in Black, when alien hunter Tommy Lee Jones cited it for delivering the "best damn investigative reporting on the planet." It presented a world so big anything could happen, not if we released too much carbon dioxide but if we made the more base error of cross-mating...
...hours. Soon those delays spread to airports nationwide, and flights that weren't even bound for Dallas could be canceled. By that point, tens of thousands of passengers might be affected and millions in revenue lost by the airlines. And when the next storm hits, it will happen all over again...