Word: risked
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Dates: during 1960-1969
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...Biafrans have also prevented another invasion force dug into the port town of Calabar from crossing a channel and taking the town of Oron. Federal MIG fighters, flown mostly by Egyptian and other mercenary pilots, rarely hit much of strategic value with their bombs; since they do not risk flying low enough to ensure accuracy, stray bombs at times land on hospitals and schools...
Companies that once refused to risk their pension funds in common stocks have changed their policies with a vengeance; they now spread their funds among the trust departments of several banks, setting up a competition to see which can "perform" the most profitably. Instead of managing those portfolios through large and cautious investment committees, banks now tend to put them under a single manager. And instead of channeling their funds into several hundred stocks, the managers tend to concentrate them in several dozen issues on which they can keep a close watch...
Contrary to common belief, the market is not enthusiastic about inflation because it tends to erode real profits and bring tight money and Government controls. The market hates the thought of controls on credit, wages and prices. More than anything else, the market abhors uncertainty, even though it is risk, speculation and uncertainty that make markets...
...Wisconsin, Illinois and Minnesota, M.G.I.C. lost $64,000 in its first year. In 1959, Karl shrewdly tied his fortunes to those of S & Ls, which had just won authority to make loans up to 90% of the cost of a house but were often hesitant to take such a risk. To make sure that S & Ls got the message, Karl soon persuaded eight elder statesmen of the industry to join his board of directors. M.G.I.C.'s profits have climbed steadily ever since, reaching $4,200,000 last year even though M.G.I.C. sets aside half its income from premiums...
...risk of the spleen transplant operation is minimal--the same risk that there is in a regular spleen removal, from zero to one per cent...