Word: mutuals
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Dates: during 1960-1969
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Tidy and appealing as such hypotheses may seem, enormous obstacles stand in the way of their becoming reality. For example, even on the point of a mutual moratorium on further MIRV testing there is disagreement within the Nixon Administration itself: the Pentagon strongly wants to press ahead with MIRV, while Gerard Smith, who has been designated the chief U.S. SALT negotiator, made it known last week that he thinks a MIRV test ban should be the first item of business with the Soviet Union. Secretary of State William Rogers put it mildly last week when he said: "There...
...costs plus dwindling odd-lot trading, which now amounts to less than 10.7% of the Big Board's volume. Other merger plans have undoubtedly been hastened by the tendency of small investors in a declining market to with draw from direct trading and turn their business over to mutual funds and other professional investment management services (see following story). A great deal of Wall Street's retrenching involves firms that rely on retail brokerage for much of their revenue. So far this year, Manhattan-based H. Hentz & Co. has closed five of its 38 branches. Blair...
...many years, U.S. Trust had a staid image because its investments rose less rapidly than those of small mutual funds, whose young managers hopped from fad to fad, making quick gains on chicken franchises or computer-leasing companies. These smaller investment funds, which rose rapidly in the highly speculative markets of 1967 and 1968, have fallen sharply in the recent market slide. This year, U.S. Trust has done much better than most of the newer, smaller investment institutions. It has-as it usually does-outperformed the market averages by about...
...BENEATH THE mutual sneering across the generation gap, which is all part of the fun, is there anything more to the petulant plaint of the younger generation? Why is it so difficult to open up and trust somebody "over thirty"? What happens to people when they get to be thirty, anyway...
...outside world, even if they did not share his views about how to preserve (or restore) this vision. He himself always had the generosity to acknowledge that men who were on opposite sides over some issues could nevertheless have common aims, serve the same values, and practice mutual respect...