Word: prudently
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...risk strategies. But he insists that the Management Company's array of unconventional investments will always represent only a minor portion of the endowment. Harvard's search for new fiduciary outlets is done, he says, in the hope that one or two will develop into lucrative but prudent resources. This appears to be the case with real estate, venture capital, and to an extent, the options program. Other ventures, like stock lending, have bottomed out, and Harvard has ignored some areas--oil rights, foreign stocks, commodities--altogether...
...overwhelming margin, the general congregation of the Society of Jesus last week chose its new superior general: the Rev. Peter-Hans Kolvenbach, 54, a Dutch priest highly respected within the church's largest religious order of men (26,000 members) for his piety, scholarship and skills as a prudent diplomat...
...villages have become ghost towns. Gardens are overgrown, grape arbors drop their fruit into rotting piles. The newer four-and five-story apartment buildings are dotted with jagged black holes, evidence of frequent artillery exchanges. Virtually all the windows in both towns have been shattered by explosions, and prudent homeowners have replaced them with double layers of sandbags...
Although the staff viewed the mismanagement of the diaries affair as a reason to claim greater control of the magazine's content, the Stern management installed a more conservative and prudent editor, Peter Scholl-Latour, a former television commentator. Says he: "We have readers who are not as far left as is sometimes thought. I do not want to bore them with too much ideology." Scholl-Latour describes the antimissile movement as "a fashionable tendency," and his view is having an impact. Though the magazine continues to report on the movement enthusiastically, an Aug. 4 cover showed a hand...
These are the extremes of adventuring, but people who consider themselves ordinary are doing things that would have been thought outlandish ten years ago. Rafting the Colorado River now seems almost sedentary, and trekking in the Himalayas is no more than an extended outing. Sane and prudent citizens sign up for ice-climbing lessons and for bicycle tours across China. Your neighbor's teen-ager hang-glides. It is hardly worth mentioning when a 50-year-old man or woman runs a marathon, although the triathlon, which may consist of a long swim, a bike race and a complete...