Word: investor
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Dates: during 1960-1969
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...affairs Harvard might take a good example from M.I.T. The new Technology Square development, covering about eight acres, represents a joint effort by MIT, an investment company (Cabot, Cabot, and Forbes) and Lever Brothers to develop an area primarily for industrial purposes. MIT went into the project as an investor, not as an academic institution...
Traditionally, he noted, the country has considered education as a consumption good, perhaps more valuable than tobacco, but still to be treated with Puritan restraint. Recently, the tendency to approach education with the attitude of an investor has become more prevalent, he claimed...
With this new approach, according to Galbraith, a difficult problem of evaluation arises: how good an investment is education to a given investor. Obviously, the individual receiving the education at the elementary level is unable to decide. In addition, Galbraith maintained that the corporation, often heralded as a potential source of funds, represents an "entirely false hope...
...peaks coincide. "Basically, the stock market is always three to eight months ahead of business," says Jacques Coe of Jacques Coe & Co. Coe is an odd-lot specialist who keeps track of all odd-lot buying and selling, an indicator of what the small investor is doing. The market has been broadened, says Coe, because in the last two weeks the public has begun to buy again. "Now there is a general feeling of confidence that business conditions will be better. The stock market is in a basic upswing...
...central marketplace such as that of the New York Stock Exchange, permits no margin buying (although stocks can be pledged for bank loans much as they are pledged for margin). Over-the-counter stocks were long considered a risky no-man's-land for the amateur investor. But many investors have decided that the rewards are worth the risks...