Word: managerized
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Let's also keep in mind that if Reserve Management were a big, multi-faceted money manager instead of a focused, privately held company, there's a good chance it would have averted having to mark down its fund. We can say that because that's what big, multi-faceted...
Are you asking because the Federal Government took over AIG? We thought so. First things first: AIG's insurance subsidiaries are solvent and continuing to pay claims. If--and this is a big if--individual insurance subsidiaries run into trouble, a state regulator will step in. That regulator might try...
Obama's case against panic goes like this: Bush is the least popular President in modern history, and McCain was on TV bragging during the Republican primary that he voted with Bush over 90% of the time. The economy is tanking, and McCain is still insisting that the fundamentals remain...
I didn’t go to Italy to work in a 100-degree kitchen because I wanted to be a chef. I didn’t dream of creating cakes intricate enough to be mistaken for architectural models. I could live without learning how to infuse foam with grapefruit...
“Trying to mimic a portfolio we can’t actually follow is a bad idea,” wrote portfolio manager Roger Nusbaum on TheStreet.com, “but learning from people who are smarter than us is a good idea.”