Word: skiffs
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Take Robert Skiff, co-founder of the Vermont Commons School, where he is an admissions counselor and the social sciences chair. In his downtime - if the climate's right - he is an avid currency trader. "I'm not very active right now," says Skiff from his home in northern Vermont. "You have to be willing to walk away if your models aren't going to fit," and he now feels the environment is too unstable...
...Skiff considers himself a "quantitative trader," which is someone who uses "rigorous computer modeling and data schemes to find advantages." He calls the other type of investors "trend followers" or "qualitative traders," those who "look at charts and 30-day moving averages" to try to beat the market...
Because the foreign exchange market is so complicated, now might be the worst time to experiment with currency trading. But both Zandi and Skiff offer investors some sensible advice on how to make the most of the recent dollar drubbing. "I think the best way for individual investors to participate in Forex is to be sure to have a significant share of assets allocated to overseas stock and bond investments, particularly in Asia," says Zandi. "For the average investor wanting to play on the dollar falling, it would make more sense to invest in an index fund in [an overseas...
...final bit of age-old wisdom holds up for all kinds of investments, the Forex included. Says Skiff: "When someone says it's impossible for an asset to go down, run for the hills...
...chokes with laughter. "The Indore royal family that owns the small fort were very avant-garde. They had an amazing art collection by the '30s, and they were the first family to build an air-conditioned palace," he says, going on to describe the Labradors that jump in the skiff ferrying guests to nearby islands and temples, and host Prince Richard Holkar, son of the late Maharajah of Indore, who has written a cookbook and serves "marvelous gingerbread cakes...