Word: lynch
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With their core-investor market aging rapidly, firms such as Merrill Lynch and Smith Barney know they have to expand into online trading to find new blood. And fast. The typical client at a full-service brokerage is 63 years old. Online investors are mostly affluent, computer-savvy males whose average age is 41. The big brokerages claim they aren't worried about the upstarts and like to point out that their traditional business is still growing. But the movement to the Internet has tremendous momentum, and Wall Street knows better than to swim against the tide...
...managers are a study in contrasting philosophies. Whereas Vinik made sweeping bets on entire sectors of the economy, like technology, Stansky methodically studies individual companies and favors blue-chip stocks over the small- and medium-size companies that Vinik preferred, in the manner of his mentor Peter Lynch. "Stansky will be a good fit," says Don Phillips, president of Morningstar, which tracks mutual funds. "What was always a little difficult for Vinik was that he was trying to run Magellan as if it were a smaller, more flexible fund." Stansky's approach promises less volatility in the performance...
...that more students would have to deal with two or even three exams on a single day (known in registrar parlance as doubles and triples). Any students knows that having three finals in one day can be seriously hazardous to one's grade point average. Supervisor of Examinations Thomas Lynch is aware of this problem, and believes that computer optimization can minimize the number of additional doubles and triples necessary. He also mentioned that conflicts could be avoided by designating more classes as having tentative exam dates...
...Lynch cautioned that the computer simulation did not take into account those classes which are assigned to more than one exam group...
...believe the number of doubles and triples would have been significantly lower if we had optimized and chosen the optimal exam groups" for classes assigned to more than one exam group, Lynch said. "We believe an eight-day schedule is possible...