Word: mutuals
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Dates: during 1960-1969
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...managers of mutual funds have been performing poorly lately. During this year's first half, the composite in dex of shares listed on the New York Stock Exchange dropped an average 8%. The decline for mutual funds was close to 12%. Of the 369 funds ranked by Manhattan's Arthur Lipper Corp., only six managed to post any gains...
...contrast, the larger, older funds, which tend to balance their investments between growth stocks and blue chips, stood up fairly well in the declining mar ket. Investors Mutual, the largest of all, fell only 4.1% and rose in the standings from 245th place to 33rd. Massachusetts Investors Trust fell 4.5% and moved up from 228th to 38th. Normally, any losses at all would be nothing to crow about, but so far this year only 95 funds have managed to out perform the Dow Jones average, which dropped...
...Mutual frank evaluation of points of view by various sects is very much better than silent indiscriminate toleration by each of anything and everything that another calls religion...
...1860s, some 6,000 Shakers were living in 18 communities scattered from New England to Indiana. Today the sect is virtually extinct, since Mother Ann regarded sex as a device of the devil and Shaker "brothers" and "sisters" lived in separate dormitories. Their only mutual recreation was prayer meetings, at which they sang hymns and "shook" together in frenzied dances that must have looked like Saturday night at the Electric Circus...
...Rumanian minister in London, was encouraged, probably by a Tory foreign affairs expert, to believe that his country was next on Hitler's list. This fear, passed on to Lord Halifax, the Foreign Secretary, stirred the somnolent British Cabinet to diplomatic action, which took the form of a mutual-defense pact with Poland...