Word: investive
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...problem is now 50 years old. Baseball's precipitous decline is more recent. It is the result of two baleful new developments. First, star players don't stay with their teams. With free agency, the great players move around, making it impossible--indeed, almost foolish--for a fan to invest hopes and dreams and even interest in zillionaires who carpetbag at the drop of $20 million...
...drug companies. The hope is that these data will lay bare the road to many powerful new medicines. And I have little doubt that someday they will. Until then, though, we're still dealing with promises. If you're convinced that promises will become profits, by all means invest. But be smart about it. Buy a basket of biotechs, and limit your exposure to 5% of your total portfolio. Don't get me wrong, I'm rooting hard for this important industry--almost as hard as I'm rooting for my money. See time.com/personal for more on biotech stocks...
...fasten your jacket buttons? Invest in a new jacket...
Lowry also discussed the emotions children's writers invest in their characters...
...students--there were no such classrooms a decade ago--and venture capitalists from Wall Street to Silicon Valley are eagerly pumping funds into educational start-ups. "We originally set out to raise $100 million," says financier Jeffrey Leeds, founder of one such fund. "But the demand [to invest] was so great that we raised our target to $250 million, and we intend to cap it at $300 million...