Word: investments
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...What's surprising about Trung is not his profit projections-just about everyone is giddy about Vietnamese investments these days-but where he's making his money. While the nation's fledgling official bourses in Hanoi and Ho Chi Minh City are surging, Trung and many other local punters prefer to invest where the action is even headier: he typically trades in an unsanctioned market composed of websites and Internet chat rooms frequented by thousands of investors who swap unlisted shares of partially privatized Vietnamese companies. Participants call this the over-the-counter (OTC) market, a reference to exchanges abroad...
Princeton, on the other hand, decided to divest from both types of holdings. The school announced last June—well before divestment campaigns were focused on indirect holdings—that it would no longer invest “directly or indirectly [in companies] sponsoring, committing or allowing genocide” in Darfur...
...task forces’ $50 million proposal were tutoring centers and summer research programs for female and male undergraduates interested in the hard sciences. When Summers’ ill-considered remarks created the opportunity for task force members to advance their own prerogatives, Faust shrewdly seized the moment to invest heavily in undergrad education for both sexes...
...This past year, however, showed that even veteran investors can struggle in changing markets. Meyer, who headed HMC from 1990 until September 2005, is credited with growing Harvard’s $4.7 billion endowment to $25.9 billion before his departure. His success at Harvard led the University to initially invest $500 million with Meyer’s new fund—Convexity Capital Management. But so far, Meyer’s new fund has failed to live up to the hype surrounding his record-breaking start. All of its various investment strategy options fell short of their benchmark indices...
...Whole Foods in Manhattan’s Union Square. Despite the dubious glances from the cashier, whose excessively painted eyes seemed to anticipate the impending stomach cramps and the ogling from assorted overweight New Yorkers who licked their lips in jealousy, I proudly did my part to invest in Snickers’ future success. Still, it might surprise you to know that I am patronizing Snickers despite being...