Word: staking
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Dates: during 1990-1999
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...able to perform well enough to help his party hang on to crucial Congressional seats in California. Trailing by a sizeable margin in a number of key states including California, Dole is nevertheless spending a large amount of his dwindling and scarce resources campaigning in the state. At stake for both parties here is more than just the Presidency. GOP gains in Congressional seats in California were a large component of the Republican landslide of 1994. This year, a backlash has a number of seats up for grabs, and Democrats think if they take enough, it could be sufficient...
...make their own travel arrangements. And commercial flights cannot keep up with Hillary's pace. Nor does the First Lady often make the national-TV news. Last Thursday she told some 300 Generation Xers at a Rock the Vote rally in Los Angeles that they have a bigger stake in the election than older folk "because we're going to be electing people who will set the course for what happens in the 21st century." No sound bite there...
...could take a year for their man to become a real contender for the presidency. He does have lots of money, however, thanks to his continuing connection with Gazprom, the giant oil-and-gas company that he once headed and in which he reportedly has a substantial stake...
Asked what the difference is between running $300 million--the Contrafund's initial stake--and its present billions, Danoff, a rumpled 36-year-old, smiles and says, "I'm working harder." At this size, just buying or selling a meaningful amount of stock can be difficult. "I won't take a half-million-share stake in a day," he says. "I'll buy 50,000 shares a day for months to build up a position." Danoff is candid about the downside of running a fund so large: "You're racing a Mack truck against a speedster [i.e., a smaller, competing...
...that the daily contact with the other managers and analysts is what really helps his thinking. He cautions new analysts against relying too much on technology. "I tell them, 'Don't let it become a crutch to eliminate face-to-face contact.' I want them to feel an emotional stake in this process." Like all the managers, Posner faxes his orders to his trader each morning and usually doesn't trade again all day. Eighty percent of his workday is spent on the phone to companies or meeting with executives. True to his metier, he relies heavily on corporate financial...