Word: markets
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Dates: during 2000-2009
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...investors, didn't know we were in feeder funds. We were in funds, be it pension funds or partnerships, that pooled monies to be invested in a primary investment fund that was managed by people we trusted, smart people that really had an angle on beating the market. Or so we thought. Had we known our life savings were being shunted over to another party that actually did the real work, we may have invested elsewhere. After all, why would we pay such piggy fees to people that did nothing...
...Israel, would take over the investment business, which by my estimates handled between $500 million and $1 billion. Some were smart enough to pull out then, others, like my wife and I, continued to trust. If we pulled out, where would we put the money? In the caving stock market? In sinking real estate? In the bank? This seemed like a much safer bet, a bet that returned for over 30 years...
...article in the Boston Globe published last month, Drake Bennett calls this last tenet into question. Bennett offers up examples of companies whose goal-driven business models led them to fail, from GM’s ill-fated drive to capture 29 percent of the automobile market to Ford’s disregard for warnings about the combustibility-prone Pinto in its disastrous determination to win back market share. What goes for business goes for life—Bennett quotes Adam Galinsky, a professor at Northwestern University’s Kellogg School of Management, who warns that goal-setting...
...vast land mass means there are probably still plenty of valuable and legitimate fossils out there, China's fossil rush might already be a thing of the past. In 2002, the government tightened its cultural-relics law to ban private fossil-trading, drying up both legal and black-market trade...
...Zheng declines to give an estimate for what percentage of Tianyu's collection could be fakes, but says he and his staff have started to label - but not remove - those that have proven not to be the real deal. To cope with the drastically shrinking market, Zheng says the museum will gradually shift its focus to scientific research, cooperating with the Chinese Academy of Sciences (CAS) to study dinosaurs and early birds. After all, Zheng says, it was never about the money. "I don't care for Mercedes," he says when asked why he drives a battered VW Santana...