Word: making
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Dates: during 2000-2009
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...chief investment strategist of Legg Mason Capital Management, Michael Mauboussin's job is to understand the world and then make money off of it. What he's found over the years is that investors, like any other group of people, are prone to make mistakes that stem from faulty approaches to decision-making. In Think Twice: Harnessing the Power of Counterintuition, Mauboussin - also an adjunct professor of finance at Columbia Business School - pulls from fields such as psychology, statistics and complexity science to explain how we might do better. TIME's Barbara Kiviat spoke with...
What a difference a few months can make...
...critical unknown is whether the escalating pressures will lead the theocracy to compromise or make it even more obstinate once it reaches the negotiating table...
...Sunday was to flex its military muscle. To shouts of "Allahu akbar," the Revolutionary Guards test-fired short-range missiles to demonstrate that Iran has the necessary arsenal to defend itself. "We are going to respond to any military action in a crushing manner, and it doesn't make any difference which country or regime has launched the aggression," said General Hossein Salami, head of the Revolutionary Guard Air Force, according to Iran's state media. The tests were successful, with the short-range missiles hitting their targets, he said. (Read "Iran Standoff: Is a Nuclear-Free Middle East...
...fine line to tread. China's army of retail investors - its citizens are said to have opened more than 100 million stock brokerage accounts - is driven by sentiment rather than fundamentals. They expect to make hefty gains from IPOs as a matter of course, and so capping price rises even temporarily may turn off many of them...