Word: mutually
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Dates: during 1990-1999
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Richard Y. Chang '94 says OCS should make moreof an effort to broaden its focus into differentfields. "There is an immense diversity of peopleand not everyone is interested in investmentbanking or managing mutual funds," Chang says. "Myview of OCS is like Harvard itself, you have totake the initiative...
...Duke Ellington. The semimodern dress and judicious pruning of the most convoluted language makes the text accessible, and its cynicism about the rich is timeless. But the play's rage depends in large part on the context of classical notions about the sacred nature of hospitality. These ideas of mutual obligation, almost unto ruin, were antique in Shakespeare's day, and are alien to our own. Thus Bedford wisely plays the extravagant Timon as a bit of a buffoon, easily gulled, while his fair-weather friends are made more foul by licentious excess...
...robust as investments in mutual funds based in U.S. stocks have been, their growth seems anemic compared with the boom in overseas funds. On average, foreign mutuals have soared nearly 30% so far this year. A distinct scent of euphoria surrounds "emerging markets" in Asia and Latin America, as U.S. money cascades in and pushes them to new heights. As this speculative bandwagon gathers speed, more investors clamber aboard. Americans plowed a record $7 billion into overseas funds in 1992, plus $21.7 billion more in the first nine months of this year. It's hard to argue with double-digit...
INVESTMENT: The Risky Allure of Mutual Funds...
...Mutual funds are not the only red-hot investments these days. Initial public offerings have been equally incendiary. Like mutual funds, IPOs have been an attractive market for investors -- if they can avoid getting burned. For instance, weeks before MathSoft sold its stock to the public for the first time, eager investors lined up to get a piece of the action. Lured by brokers' pitches and a prospectus that touted the computer-software producer's growth potential, customers quickly snapped up the company's 2.5 million shares at $13 each when the issue began trading in February. After a brief...