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...this year, China and Hong Kong bought $167 billion of American securities (primarily U.S. treasuries and corporate bonds), while Japan bought $336 billion worth, according to the Asian Development Bank. Greenspan isn't the only one doing a double take. Last week Bill Gross, America's most influential bond investor, warned that the dollar could plunge by 20% if China and Japan stop supporting it by buying U.S. bonds. "Japan and China will change their stance," Gross told the Financial Times. "We don't know when, but we know they will." By investing in American assets on such a massive...

Author: /time Magazine | Title: Asia's Burden | 6/21/2004 | See Source »

...blues singer, and this Texas oilman has made plenty of executives cry. The hostile-takeover artist, 76, was targeting CEOs 20 years ago for caring more about their salaries than about their shareholders. (Sound familiar?) TIME's Julie Rawe and Jyoti Thottam talked to the hugely successful hydrocarbon investor about our latest oil troubles...

Author: /time Magazine | Title: 10 Questions for T. Boone Pickens | 6/14/2004 | See Source »

Michael Housewert isn't your typical IRA investor. Four years ago, the real estate agent at Charde Group Inc. used $195,000 of the funds in his individual retirement account to purchase a piece of undeveloped land along a sun-washed canal on Marco Island, Fla. He sold the property two months ago for more than three times that amount, tucking a $500,000 profit back into...

Author: /time Magazine | Title: Money: Juicing Up Your IRA | 6/14/2004 | See Source »

These managers, often former investors at HMC, operate independent funds endowed with Harvard money. Jeff Larson, a top investor at the management company, will become the fifth fund manager in six years to spin off his own fund from the company when he departs on June...

Author: By Zachary M. Seward, CRIMSON STAFF WRITER | Title: Harvard Reconsiders Endowment Managers | 6/10/2004 | See Source »

Across the street from Fidelity, at Putnam Investments, he found another Harvard connection—and investor. There he met with star fullback James L. Callinan ’82, whose exploits he had written about in his Athletics Department job at Harvard. Recalling statistics from the football player’s undergraduate career, Ledecky convinced Callinan to match Danoff’s investment...

Author: By Stephen M. Marks, CRIMSON STAFF WRITER | Title: Philanthropist Makes Fortune on ‘Rollup’ Concept | 6/9/2004 | See Source »

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