Word: professors
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Dates: during 2000-2009
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DIED As a Stanford University computer-science professor specializing in data-mining, Rajeev Motwani, 47, guided Google founders Sergey Brin and Larry Page through their early research in the 1990s. He was found dead in his pool June 5, in an apparent drowning...
...politeness fool you," says Elizabeth Warren. The Harvard Law professor and head of the congressional panel monitoring the bank bailout had just finished a hearing in New York City and was nibbling at a dish of pasta with zucchini. "I can't think of anyone I'm afraid of," she adds. "Certainly not someone who may have had a hand in bringing this country to the brink of disaster...
There was more to Fisher than those infamous words. The longtime Yale professor was a successful entrepreneur (he devised and marketed a precursor to the Rolodex), the author of a best-selling textbook on personal hygiene, one of the most prominent backers of Prohibition and a leading eugenicist (that is, he believed the human race could be improved through the weeding out of "degenerates...
Their evidence? Mutual-fund managers failed as a group to outsmart the market, and studies showed that new information was quickly incorporated into prices. Eugene Fama, a young professor at Chicago's business school, tied all this together in 1969 into what he dubbed the efficient-market hypothesis. "A market in which prices always 'fully reflect' available information is called 'efficient,'" he wrote--and the evidence that such conditions prevailed in the U.S. stock market was "extensive, and (somewhat uniquely in economics) contradictory evidence is sparse...
...could shout loudest. The book elevates itself with original reporting, some witty asides (a Mitch Albom best seller is slammed as "what Dante would have written had he grown up next door to the Cleavers") and judicious use of examples from American history. With a law professor in the White House, Pierce's thesis and gleeful bashing of the previous Administration ("we have lived through an unprecedented decade of richly empowered hooey") seem a bit dated. But his high-octane ranting and sophisticated prose (he is a contributing writer for Esquire) may well appeal to the already converted...