Word: morgans
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Dates: during 2000-2009
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...India been? Foreign institutional investors poured $30 billion into the Indian market in three years--double the amount they had invested in the previous decade. Firms like JP Morgan and Fidelity raced to set up India-focused mutual funds. An Indian student at Harvard Business School told TIME that one of the U.S.'s best-known hedge funds had given him $5 million to invest in Indian stocks--never mind that he hadn't yet graduated. "The joke going around was that if you had an Indian girlfriend when you were at college in Boston," says Manish Chokhani, director...
India also has a younger population than any other major country. According to Ridham Desai, Morgan Stanley's head of Indian equities research, about 125 million Indians will join the workforce in the next decade, and they will be key to the country's growth. Foreign firms will hire legions of them to drive down costs, and their prosperity will fuel demand for stylish clothes, cars and other baubles. Thanks to this demographic advantage, "India will grow faster than the rest of the world," says Desai...
...question for investors is how richly to pay today for a stake in companies that will profit from these trends in the future. The Indian market trades at a 20% premium over other emerging markets, making it too pricey to jump into now, says Adrian Mowat, JP Morgan's chief Asian equities strategist. Jon Thorn, a portfolio manager at India Capital Fund, disagrees. "The long-term case for investing there is without question the best in the world. I'm going around to all my investors saying, Now is the time," Thorn says. "You need to buy when there...
...along with it, the Harvard baseball team looked to repeat as league champion in 2006. Though it was younger players like sophomore ace Shawn Haviland (above) who provided the Crimson with the spark, it was the steady play of Harvard’s seniors like All-Ivy captain shortstop Morgan Brown that allowed the Crimson to capture its second consecutive Red Rolfe division title...
...Brown made a surge of its own at the last possible moment to spoil what would have been Harvard’s 25th straight victory. “Losing is never fun, no matter what the streak or the history,” captain four-seat Morgan Henderson said at the time. “We’re using this to build on.” The team, however, ultimately proved unable to build on the loss, as the disappointment of ending a five-year winning streak would be dwarfed by the events of the following week, when Harvard...