Word: investers
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Harvard was hurt this year by its inability to go all-out for venture capital funds. These funds invest in start-ups and had what HMC President Jack R. Meyer called "a great year...
...recently, the managers of some top venture capital funds have started capping the amount any one investor can sink into them in order to diversify their investor base. So HMC was unable to invest enough of the endowment in venture capital to fully capitalize on the bull market...
...Ferranti-Dege, the Mass. Ave. camera store, employee training is so lengthy and detailed that it's just not worth it to invest in employees who aren't going to utilize it for more than a couple of months, says Manager Tina Tietz...
...Nobody has reported any adverse effects from irradiation," says TIME science writer Frederic Golden. And given the abandon with which America has embraced its microwave ovens, one could be forgiven for underestimating the public outcry that greeted the idea of irradiation several years ago. The meat industry, which will invest huge sums creating the infrastructure necessary for irradiation, is hoping Americans have gotten over their fear of treated meat. "Unlike the so-called Frankenfoods, which involve genetic alterations, irradiation is pretty standard stuff," says Golden. And, he adds, zapping meat is, ostensibly, a public health measure. Issues of safety aside...
Meanwhile, cash has been piling up in money-market funds--$37 billion in October, the most since the Asian contagion--and flows into stock funds have been tepid. Y2K worrywarts, it seems, are hoarding more than bottled water and canned food. How should you invest? If Cleland is right, pent-up demand will lift everything, and popular tech stocks will get more popular. The traditional approach is through beaten-up small stocks, which may be coming into favor anyway. Salomon Smith Barney likes beaten-up big stocks, including Fluor, H&R Block and Hasbro. You've got choices. The first...