Word: magellan
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...knew there was so much fight in those dusty books? When Google announced plans in 2004 to scan millions of tomes tucked into library stacks across the country, admirers embraced the ambitious project as a digital undertaking as visionary as Magellan's setting sail around the world. The project would throw open musty archives everywhere, putting hidden works on the Internet...
...favorites, like the U.S. Declaration of Independence and Bill of Rights as well the constitutions of numerous countries. There are also gems like the first printed edition of the 16th-century Japanese novel The Tale of Genji, and a journal kept by a Venetian scholar who accompanied Ferdinand Magellan on his voyage around the world. If English is more your speed, try the translation of a French voyager's tour of the Indian Ocean - maybe a safer trip than it is today...
...number of historically prominent mutual funds that long ago shut their doors to new investors are reopening. It's been years since anyone without an existing account could put money into some of the best-known names in the business, like Sequoia Fund, Dodge & Cox Stock, Longleaf Partners, Fidelity Magellan, Artisan Mid Cap Value, Oakmark Equityand Income, Vanguard International Explorer and Third Avenue Small-Cap Value...
...funds have fared relatively well compared with the overall market. The average hedge fund was down 10.3% through the end of September, according to Hennesse. That compares with a drop of 21% for the S&P 500 in the same time period. Many large mutual funds like Fidelity's Magellan are off even more...
...down three reasons why you’re buying stock,” he said. “The fact that it’s going up doesn’t count.” Lynch gained prominence in his years as the head of Fidelity Investments’ Magellan Fund. In his 13 years managing the fund, its assets grew from $20 million to $14 billion—approximately a 29 percent annual return. Anthony J. Genello ’08, the president of the Harvard Financial Analysts Club (HFAC), described Lynch as an inspiration to students learning about...