Word: successer
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...hedge funds had to regularly liquidate assets, we would not see the spectacular returns reported in the past. One factor of the supposed success of hedge funds is their ability to report unrealized gains and to be flexible in liquidation, since investors who believe they are getting high returns are unlikely to withdraw their money. That was how Madoff was able to maintain his charade for so long...
Although they have not offered exact figures, Caballero’s spokespeople have reported that increased crime rates have helped business significantly. Caballero’s success speaks to a disturbing trend among the Mexican elite. Bulletproof clothing is emblematic of a greater divide between Mexican problems and Mexican money; as a BBC report revealed in October, the Mexican wealth gap is the largest in the Organization of Economic Cooperation and Development (OECD), with “some parts [comparable] to Spanish or German cities, but other parts…more like the poorest parts of Africa...
Still, Israel's next step remains unclear: its armored units, poised to drive into Gaza, have not yet been ordered to advance, and the Israeli offensive remains confined to air strikes. U.S. Defense officials have told TIME that the chances of a successful ground assault would have been higher if it had been launched earlier in the bombing campaign, not several days into it. But Israel is well aware that a ground assault is precisely what Hamas wants. There is little the militants can do against Israeli air power, but they believe they can bloody Israel's armored columns...
...great teacher and investor with a gentle and loving disposition, Sir John Templeton, who died on July 8 at 95, pioneered value investing beyond U.S. shores long before global investing became commonplace, and that made him a financial legend. His success lay in patiently waiting for prices to reach "points of maximum pessimism." In addition to leading me into global emerging markets by asking me to manage the first Templeton emerging-markets fund, he taught me and others how to become investors by pursuing long-term goals and undervalued securities. He taught us that in order to find the best...
That perceived early success is benefiting two of the leading candidates for the premiership in the upcoming Israeli election scheduled for early February. Israeli Foreign Minister Tzipi Livni and Defense Minister Ehud Barak were trailing in the polls behind their hawkish Likud rival, Benjamin Netanyahu. But the aerial assault against Hamas has given a lift to Barak and Livni, at Netanyahu's expense...