Word: saws
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How/why is this situation different from investors simply losing their money because of bad judgment about what to invest in? Can I get bailed out when my portfolio tanks? It's a variant on the old saw (often attributed to J. Paul Getty, although I'm sure somebody must have said something like it before him): "If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem." Leveraged financial institutions (banks, investment banks, hedge funds) make investments with lots of borrowed money, so when their portfolios tank they...
...reaction was not as bad as I had feared," says Dariusz Kowalcyzk, chief investment strategist of CFC Seymour, a boutique investment bank in Hong Kong. In London, David Buik, a partner with BGC Partners, sees it similarly: "After the horrendous response we saw on Wall Street and elsewhere, I think coming in around even in Europe represents a wonderful...
...would have been so bummed. Like, imagine the waves swelling really high, but you just broke your board yesterday on some crunchy rocks. Bro, that bummed.But last weekend was different. Maybe it was the weather, or maybe it was the debate hangover, but Saturday was ugly. The top-25 saw upsets galore: Georgia, Florida, Wisconsin, Wake Forest, all going down.But for me, only three games mattered. Let’s approach from a communitarian perspective (big-ups to my man Michael Sandel, I know you’re reading this column, and I just want to say, you?...
...Harvard sailing team encountered both highs and lows in two regattas on a weekend that saw frequent rain and erratic wind. The dismal conditions caused the cancellation of the Boston University Invitational Regatta, as well as a disappointing ninth-place finish in the Hood Trophy at Tufts. The weekend was not without its successes, however, as women’s captain Megan Watson earner a fifth-place finish in the New England Women’s Singlehanded Championship in New London, Conn., qualifying for the National Championship. NEW ENGLAND WOMEN’S SINGLEHANDED CHAMPIONSHIP With a knee injury...
...Freedom Party, meanwhile, saw its support jump by more than half to 18%, and was the outright winner among young Austrians under the age of 30. Haider, who broke with the Freedom Party to form his own Alliance for the Future of Austria in 2005, doubled his support in the few weeks immediately preceding the polls to garner an unexpected 11%. Within the 183-seat parliament, the Freedom Party is projected to take 35 seats, up from 21, while Haider's party is expected to get 21, up from just...