Word: smartness
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...downs of the Dow are making Wall Street's so-called smart money look dopey. Hedge funds lost nearly $300 billion due to bad investments in the first nine months of the year, according to an analysis of return data by TIME.com. If the losses stand, it would be by far the worst year for these funds - which are unregulated and open only to high-net-worth investors - since their returns began being tracked in the mid-1970s. "It's not going to be a good year," says Peter Laurelli, vice president at HedgeFund.net. "We can be pretty sure...
...opportunity to make history in November. Mack, who reflected on his memories of being Obama’s classmate at HLS 20 years ago, spoke to Obama’s assets as a candidate. “We finally have the opportunity to elect a president who is very smart, who wants to know the truth,” he said. Mack contrasted Obama with the Republicans, who he said are “running an anti-intellectual campaign masquerading as a populist campaign.” Harvard College Republicans President Colin J. Motley ’10 said that...
...what type of temperament matters, especially in a time like this? The idea that anyone can grow up to be President is an American gospel, but that's about honoring equality not excellence. It's good to be smart, but that's no guarantee of success; Woodrow Wilson, the only President with a Ph.D., never won over a majority of voters. More important is the confidence that lets you welcome smart people around you - and hope they disagree. Hence Lincoln's famous "team of rivals," says biographer Doris Kearns Goodwin. "How can you do this?" people asked him when...
...youthful. I hardly ever do complain [about my age] because I think that's one of the things you should not do. But when I let down my guard and say that I do want to do something, he'll say, "But where do you need it?" I'm smart enough not to point out the exact area. (See pictures of the twentieth century's greatest romances...
...into failure. "One of the individuals in the caucus today talked about a major insurance company - a major insurance company, one with a name that everyone knows - that's on the verge of going bankrupt," Reid said. The senator stopped short of identifying the company, which might have been smart - except that panicky investors proceeded to dump the stocks of virtually all of the household names in the insurance business. Shares of Prudential, Hartford Financial Services and Metlife tanked in the following days and have struggled to recover...