Word: indexers
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...kidding. Hong Kong's economy has been on a tear lately: bolstered by a booming mainland and the Hong Kong dollar's peg to a weakening U.S. currency, the Hang Seng Index gained 39% in 2007. A recent survey by TNS and Gallup International showed that Hong Kong people are the most optimistic in the world on the general outlook for 2008, with 71% expecting the coming year to be better than the last. All that prosperity is causing headaches for Hong Kong's pro-democracy camp, who are finding it harder to make their cause relevant. In November...
...predisposition to become tense or have a physical reaction, like nausea or hyperventilation, to stressful situations. Even after accounting for other mood problems, like depression or anger, and for a whole host of physiological and demographic indicators - including age, body mass index, education, blood pressure, cholesterol levels and smoking and drinking habits - the effect of chronic anxiety was clear. It was also a stronger risk factor for heart attack than any of the other psychological problems in the study...
...percent growth was the highest Harvard had seen since 2000 and one of the five best returns ever when compared to internal benchmarks. The gains came amid a strong bull market: the Wilshire 5000, a broad index of stocks, gained 19.6 percent over the same period...
...stakes in several of China's biggest state-run banks and brokerages, and will reportedly plunk an additional $66 billion into the Agricultural Bank of China. To the extent that CIC looks for investments abroad, its chairman, Lou Jiwei, said in a late-November speech, it will stick to index funds--equities linked to the performance of entire markets, not individual companies...
...percent growth was the highest Harvard had seen since 2000 and one of the five best returns ever when compared to internal benchmarks. The gains came amid a strong bull market: the Wilshire 5000, a broad index of stocks, gained 19.6 percent over the same period...