Word: portfolios
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Dates: during 1990-1999
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...version of a frat-jock house. Its swaggering, foul-mouthed and lavishly rewarded traders epitomized the masters-of-the-universe Wall Street culture of the 1980s. That swagger was staggered by a government bond-trading scandal in 1991 from which the firm never really recovered. Needing to broaden its portfolio beyond bonds to stay competitive, Salomon CEO Deryck Maughan approached Weill in August with a proposal. When Weill got the blessing of Warren Buffett, the billionaire investor who controls an 18.5% stake in Salomon that has yielded un-Buffett-like returns, the union...
Just because it's getting easier to globe-trot with your stock portfolio doesn't mean you have to do it. But as long as you don't concentrate too much in any one region, it can't hurt much, and it might just help...
...IRSA's American connection is gold plated: much of the firm's capital comes from U.S. hedge-fund billionaire and philanthropist George Soros. IRSA's president and CEO, Eduardo Elsztain, 37, met Soros in 1990 in New York City, where the younger man, who was tending a $10 million portfolio of Argentine-owned properties, had moved for a year...
With such a broad neurological portfolio, it is no wonder these mood-changing brain chemicals have been implicated in so many mental disorders. And it is not surprising that serotonin appears to be especially important--the first among equals, in a sense. The nerve cells that specialize in serotonin production originate in the raphe nuclei, in a region right atop the spine that nimh's Hyman calls "the deep basement of the brain." From there, these neurons extend vinelike projections called axons up through the brain and down into the spinal column. The axons form a sort of neurological interstate...
...stocks are doing O.K., but my gene portfolio took a big hit recently. Doctors at Johns Hopkins announced that they have discovered a genetic mutation in Ashkenazi Jews that doubles the risk of colon cancer. Ashkenazi Jews are those with roots in Central and Eastern Europe. That covers most Jewish Americans, including me. Only 6% of Ashkenazi Jews are thought to carry the defective gene, but that's enough to make it, according to the New York Times, "the most common known cancer gene in a particular population." And colon cancer is just one disease for which Ashkenazi Jews seem...