Word: investors
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Dates: during 1990-1999
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...partner doing municipal finance at the manhattan investment house lazard freres. when the travel for that job became too much for a man with a young family, he accepted an offer to become vice chairman of the federal national mortgage association, known as fannie mae, the nation's largest investor in home mortgages. his family's rocky beginnings, he says, "have a way of focusing your attention on making sure that you'll be economically successful, because you remember when you weren't." yet economic security has never insulated raines from the realities of race he has downplayed so skillfully...
...public pumped an estimated $223 billion into stock funds last year, nearly all of it into actively managed funds. It has been amply rewarded. "Measured against where all the money was 10 years ago--in banks--they've done great," says Robert Schmidt, president of Individual Investor Group, a financial-magazine publisher. He's right. Even bottom-tier funds in the '80s and '90s have been good enough to embarrass bank CDs, the likely repository for savings that aren't in stocks. Still, people left CDs for a reason. Having correctly made that tough decision years ago, they should...
...together," Axworthy said after a three hour tete-a-tete with Fidel Castro. The trip has raised concerns in Washington, which shuns any contact with Havana and criticized Canada for rewarding the dictator. Yet Canada has long had a special relationship with Cuba. It is the biggest foreign investor on the island, trading to the tune of $500 million last year. Axworthy has not minced words in criticizing the Helms-Burton act, which threatens to retaliate against foreign companies doing business in Cuba. Prime Minister Jean Chretien seconded his foreign minister, maintaining that Washington's policy of isolation gives Castro...
Warren Buffett, the Omaha, Nebraska, investor whom Gates demoted to being merely the second richest American, seems an unlikely person to be among his closest pals. A jovial, outgoing 66-year-old grandfather, Buffett only recently learned to use a computer. But as multibillionaires go, both are unpretentious, and they enjoy taking vacations together. Buffett's secretary apologetically explains that Buffett isn't giving interviews these days and at the moment is traveling, but she promises to pass along the request. Less than three hours later, Buffett calls to say he happens to be in the Time & Life Building with...
...What are their plans?" The group admits that their intelligence on Navio is poor. Gates rocks harder. "You have to pick someone in your group," he tells Mundy, "whose task it is to track Navio full time. They're the ones I worry about. Sega is an investor. They may be willing to feed us info." Then he moves on to other competitors. "What about the Planet TV guys?" Mundy explains that they are focusing on video games, "a platform we haven't prioritized." Gates counters: "We can work with them now, but they have other ambitions...