Word: mutually
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Dates: during 1990-1999
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...need to take a hard look at the logic behind the theory of nuclear deterrence, questioning the premise that the fear of mutual mass destruction will discourage the use of nuclear weapons. The hateful leaders of India and Pakistan have shown us that no nation, including the U.S., should be allowed the privilege of destroying the world in the name of its own survival and beliefs--Hinduism, Islam, democracy or whatever. Nuclear disarmament for all is the most urgent agenda. Otherwise, the year 2000 will surely have a black dawn. RUJAYA ABHAKORN Passau, Germany...
Imagine that you run a mutual fund where the only investors are 98 rich people (minimum net worth: $5 million). You get paid a percentage of the gains and make nothing if the fund loses money. The risks are large, but if you're good, so are the rewards. You've just imagined my job. I'm a hedge-fund manager, a term that conjures up swashbuckling billionaires like George Soros, whose trades can drive down entire foreign economies. I'm a much smaller fish: my partner and I manage about $360 million, investing almost...
...future some merchandise I don't own, because I think I can buy it later at a cheaper price. (This trading of options on the future prices of stocks originated as a way to "hedge" risks, and it's one of the things hedge funds do that a mutual fund...
...know the drill: uggy fauna must be confronted, nasty flora must be cut through. And then there's the not entirely plausible pirate attack to be beaten off. All this, naturally, provides the occasion first for bickering, then for dawning mutual respect, finally for bonding. All in all, one cannot say that originality is screenwriter Michael Browning's strong suit. You always feel that you're ahead of this movie's curve...
...Mutual funds are billed as an easy way to play the stock market, but the prospectuses are packed with confusing jargon. Starting this month, funds are allowed to send potential investors a simplified "profile" that lays out their fees, risks and performance in plain English. Look for Vanguard and Fidelity to offer profiles within the next year...