Word: learnedness
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Naïve optimism, it turned out. CNOOC tried to buy UNOCAL, the American oil company, and learned about how xenophobic Congressional leaders in Washington could be. Then Beijing's sovereign wealth fund got suckered by Wall Street sharpies. It poured $3 billion into Blackstone in return for a 10...
Today, almost alone in the world, China's state-owned companies are still cash flush. Crucially, though, they have learned a basic - and expensive - lesson about investing abroad. As a result, the 'Go Out' strategy has been tweaked. It might now be better called the 'Buy Low' campaign, and in...
"We're trying to create outreach to investors to be on the lookout for this kind of fraud, to call us," Obie said. "The lessons we've learned from Madoff are twofold. First, no matter how reputable the firm or individual is - and Madoff was highly reputable - you have to...
And what he's learned, he puts into practice himself. Eichinger is hands on, erasing the boundaries between producer, director and screenwriter - in 30 years of moviemaking, he's attached his name to more than 70 films. As he did for Baader Meinhof, he often writes the screenplays for the...
The Crimson women’s water polo team launched the 2009 season at home in the Harvard Invitational this past weekend. The Crimson (1-1) opened the invite with a win against the New York Athletic Club (NYAC) and followed with a loss to No. 8 Michigan on Saturday...