Word: smarts
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Dates: during 2000-2009
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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...
...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...
...That's just smart storytelling, courtesy of screenwriter Stanley Weiser, who worked with Stone on Wall Street, the 1987 "Greed is good" film that speaks more eloquently to our current morass than W. does. The larger tale the movie tells is of a slow-witted alcoholic, the wastrel son of a powerful family who found Jesus - and Karl Rove (Toby Jones) - and, with these two guiding him, a purpose and propulsion to his life...
...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...
...sell-off will end eventually, one way or another. Governments could follow the nerve-racked Russians and suspend trading altogether, in a bid, as Touati says, to stop "markets from sawing off the branch they're sitting on." The more likely solution, Touati predicts, will soon come as "smart and steely investors realize selling now is a sure way to lose, while buying now will determine who the big winners tomorrow will...