Word: investive
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Last night's Undergraduate Council meeting saw an ideological debate unfold between the council's conservative and liberal contingents over a bill designed to encourage Harvard to invest its money in environmentally friendly countries...
...less interested in what right-wingers like him think than I am in what we think, and frankly, I don't understand why so many of us continue to pour so much more energy into attacking the alleged biases of standardized tests than we invest in improving our children's scores. I suspect it's because we're afraid that the racists are right when they claim that our kids can't cut it intellectually, so why bother trying. That's nonsense, of course--an echo of the sense of inferiority that afflicted blacks during the bad old days...
Myth number one: Now is not a good time to invest. We're not in a recession, but if everyone is acting as if we are, that opens up great opportunities in the stockmarket. With the NASDAQ trading at just over 2000 right now, bargains abound. In fact, buying growth stocks at the bottom of an economic cycle is one of the best time-tested methods for beating the market. The legendary investor Warren Buffett, speaking to Fortune magazine during the deep recession of 1974, told stunned interviewers that he was buying every solid company in sight. "I feel like...
Well, Buffett was proven right to the tune of billions of dollars. Even if you've got just a few hundred dollars to invest, now is by all means the time to emulate him. Whether you want to buy individual stocks or park your money in a mutual fund, so much of the stock market (especially technology companies) has been beaten down so much that there's only upside left, at least in the long term. When the market overreacts by punishing great companies like Cisco or Yahoo as much as it has hurt companies that should never have existed...
...less interested in what right-wingers like him think than I am in what we think, and frankly, I don't understand why so many of us continue to pour so much more energy into attacking the alleged biases of standardized tests than we invest in improving our children's scores. I suspect it's because we're afraid that the racists are right when they claim that our kids can't cut it intellectually, so why bother trying. That's nonsense, of course - an echo of the sense of inferiority that afflicted blacks during the bad old days...