Word: profitted
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Dates: during 1950-1959
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...judgement of the community is that business has been wrong and more interested in profit than people, and dollars than ends," he said, citing business protestations over increasing graduation of the income tax, againt the social security program, and against expanded public housing programs...
Success Story. In Miami, the Herald ran a classified ad: "Gold mine, get rich quick and retire early, 100% profit, very lucrative business. Reason for selling: business bankrupt...
Last week some 4,000 investors a day, with a similar desire to see their money grow, were plunking $10 million daily into mutual funds, which offer an almost irresistible lure: the chance to make a profit with a minimum of risk and worry. The investor entrusts his money to an organization that invests it in dozens-sometimes hundreds-of U.S. companies, spreading his risk as wide as the economy. Even more important, he also buys savvy in the stock market, letting the fund managers do his buying and selling for him. Says a St. Louis businessman who gave...
...industry. When M.I.T. was founded in 1924, it startled the financial world with a brand new idea. Until then, the investment field had been dominated by "closed-end" investment companies; they sold a specific number of their own shares that were traded in the open market, concentrated on quick profits. M.I.T. shunned the lure of the fast profit, concentrated on long-term gains. More important, it threw out the closed-end idea by continually selling shares to anyone who wanted to buy, redeeming them when anyone wanted out at the net asset value per share on the day they sold...
...collapse the market. But Robinson cites the record to show that just the opposite has always occurred: more fund investors turn in their shares in a rising market, fewer in a falling market, thus making the funds a balancing force. This may be the shareholder's form of profit-taking, but it is more likely a sign of his confidence in the funds; when the market is uncertain, he feels safer with his money in mutual funds, but when he thinks it is heading for the sky, he succumbs to the temptation to take his money and get into...