Word: pickerings
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Also in July, Jonathon S. Jacobson departedfrom HMC after eight years during which he becamethe company's top picker--personally managing $1.6billion in equities and a $450 million emergingmarket fund...
...that to work, though, you need a home-run-hitting stock picker--and that creature is as rare as the Mark McGwires of the world. The Sequoia Fund, for example, has beaten both the average stock fund and the S&P 500 for the past one, three and five years. But it does not accept new investors. Some solid big-bet funds that do welcome new money include Davis Growth, Clipper, Janus Twenty, Lexington Corporate Leaders, Yacktman and Enterprise Growth...
...going to work in the deep ocean?" Fourteen years later, his answer had produced a 2 1/2 ton submersible "that eventually would grow to six tons, with nine mechanical arms, some having as many as 11 segments," along with video and still cameras, strobes, thrusters, suction picker and collections drawers, all controllable through 8,000 ft. of complex cable. Thompson's driving intellect pushed the technology, and his flatfooted, no-blarney confidence persuaded a consortium of Columbus businessmen to put up very large chunks of money. By the summer of 1987, the submersible was diving in deep water...
...trading side is a different story. I run that portfolio more like a retailer than a stock picker. I need to have the merchandise that people want on hand when they want it, and if things turn bleak the next day, I want as little inventory as possible. Sometimes I even agree to deliver in the 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...
...just don't even think about it." Perhaps active nightlife is rare, ("Come on, it is the Quad after all," says the Currier spy) but there's almost always something to see. "I get really interested in just watching people sit at their desks," she comments. "The occasional nose-picker, you know. And then there're also the people who wander around their rooms, when they think they're studying. There's a whole lot of action that you can't really explain--and everything looks different when you're only seeing part of the room and the action. Everyone...