Word: insightfulness
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Fidelity relies on its workaholic culture to ferret out true investment warriors. "Not all the fund companies are that competitive," says Eric Kobren, the publisher of the newsletter Fidelity Insight. "People watch what time the lights go on and off in the office. How often do you get voice mail from your boss at 2 a.m.? It's a very common occurrence at Fidelity. They have a higher degree of competitiveness and a higher degree of obnoxiousness...
...long as returns were good, it was easy enough to ignore these anomalies. "Yes, Fidelity got too far out and needed to tighten up," says Fidelity Insight's Kobren. "When everything is working, no one focuses on this. Who cares about volatility if you're on the upside? Who cares if the Contra Fund is not contrarian; if Capital Appreciation is not really a capital-appreciation fund...
Starzl acknowledges that this insight had also occurred to other researchers. Scientists, going back as far as 1960 Nobel prizewinner Peter Medawar, had come to recognize that tolerance was possible. If bone marrow, for instance, would only accept an interloping cell, the larger system would follow suit. The trouble was, the only way to achieve that was to kill off the body's entire current bone-marrow supply and replace it with another--a technique oncologists use as a last-ditch weapon to try to cleanse patients of such systemic cancers as leukemia and breast cancer...
Gardiner said this diverse group of fellows, who are expected to attend the IOP's political extravaganza HYPE '96 next weekend, will provide valuable insight in analyzing the election season...
...historical sense; it's dramatic sense. Nice turns by John Turturro (as a remix of producers Phil Spector and Don Kirshner), Bridget Fonda (as a teen-star lesbian) and Douglas are lost in Anders' reductive message: in the '60s guys were creeps or psychos. Shirelles songs had more insight than that...