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...fund doesn't own a single Indian stock. "People are paying ridiculous prices on promises of the future," he says. Nobody can reliably predict which way the stock market will move or what a company's earnings will be, he argues, so the key is to focus on the present. That means appraising a company's existing assets and buying the stock only if those assets are grossly undervalued. Typically, he holds the stock for years until it comes right, refusing to sell unless it gets "egregiously overvalued." He explains, "Most people want action now. We don't care. Trading...

Author: /time Magazine | Title: Investing: Betting Against The Crowd | 9/18/2005 | See Source »

KATSUAKI WATANABE Everyone should be dissatisfied with the present situation and should constantly try to improve or change things. It's important to realize that there is always something more we need to aim at. That's what needs to be recognized by every individual. When you're growing, you're satisfied with the status quo, and that's no good...

Author: /time Magazine | Title: CEO Talks: Katsuaki Watanabe: Toyota's Tough Boss | 9/18/2005 | See Source »

...present concern at our plants around the world is the quality and cost of production. We're concerned with what level each factory is at so we can assess its capability. If there's any gap, we have to fill...

Author: /time Magazine | Title: CEO Talks: Katsuaki Watanabe: Toyota's Tough Boss | 9/18/2005 | See Source »

Berman said she does not expect the dual job searches to present a challenge for Harvard officials, given her expectation that Meyer’s position will be filled “quite quickly” and her plans to remain in her role through April...

Author: By Nicholas M. Ciarelli, CRIMSON STAFF WRITER | Title: Finance Chief To Step Down | 9/16/2005 | See Source »

...senators present at the hearing also questioned Roberts about his views on issues such as civil rights, the separation and balance of powers, civil liberties in wartime, gender discrimination, and the role of the federal government in state and local matters...

Author: By Daniel J. T. Schuker, CRIMSON STAFF WRITER | Title: Senate Committee Questions Roberts | 9/14/2005 | See Source »

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