Word: outperformance
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...gainers of 1968 managed to climb at all in this year's first half. Their showing confirmed Wall Street's axiom that"go-go" funds can seldom put together two good years in a row because it is almost impossible consistently to pick stocks that will spectacularly outperform the mar ket. Last year's rich winners were those fund managers who correctly foresaw that the market would rally after President Johnson's renunciation. This year those managers failed to anticipate that the market would tumble after bankers raised the prime rate to 81/2...
Unfortunately, that record is more than a little misleading. The 69 funds that failed to outperform the Big Board's index account for some $21 billion-or more than 38%-of all the money in funds. Investors Mutual Fund, the industry's biggest (assets: $3 billion), grew a disappointing 8.45%. A sister fund, Investors Stock ($2.3 billion), gained 8.3%, while Wellington Fund ($1.8 billion) rose only 8%. Fidelity Trend ($1.4 billion), which registered a 34% increase in 1967, achieved no more than a 1.76% rise last year...
...prudent motorist respectfully pulls into the right lane when he sees a blue and white me dallion on a weasel-like grille barreling down upon him. And with good reason, for it is the emblem of the sleek five-seater produced by the Bayerische Motoren Werke. The BMW can outperform and overtake almost any standard German car on the autobahn. This year it proved that it could outdo its competitors in the market place as well: amidst a general economic slowdown and dwindling car sales in Germany, peppery little BMW is forging steadily ahead...
...automobile accident in Las Vegas that cost him his left eye. Then, after a frantic new beginning, there were the years when he became one of the most notorious members of the Sinatra Rat Pack, his eyepatch fixed rakishly, like a pirate's, eager to outdrink, outgamble and outperform any other Clansman. Finally there were the unkindest cuts of all-from the Negro press, resentful of Davis' growing reputation for all-night all-white parties. "Howcum we never see Sammy Davis hangin' on the corner up here?" ran the cartoon in a Harlem paper. "You crazy...
Dean K. Whitla, director of the Office of Tests, said that "we expect the public school group to outperform, and they do. If academic standing were the only criterion, we should take more public school students. But it isn't: we wouldn't want to admit nothing but "summa" candidates...