Word: superior
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...unusual for us to consider works of the past far superior to works of the present. In the 19th century, an American education was only rounded out by study in Europe, an older civilization than the colonies. In the 1600s, scholars in Europe, to become part of the educated elite, had to study the ancient classics in Greek and Latin. Even before that, when the Romans had conquered the Greeks, who had an older and more established culture, they hired Greek tutors to educate their young aristocrats. Harvard only continues this tradition with Shakespeare, Rome of Augustus, "Greek Heroes...
...club tennis pro and the hairdresser. But women like Lorna are often the difference between the guy who is stuck as vice president of human resources and the president. It's hard to feel sympathy for someone asked to scrape by on a mere $10 mil, but given her superior performance, shouldn't she share the spoils of reaching the top slot...
However, Cheng maintained that Hong Kong's financial institutions are superior to China's and reassured investors that Hong Kong will remain a center of trade...
...behavior tends to drive up the indexes and leaves fund managers reluctant to sell their big stocks, which are rising. The end result is that large stocks take off, and the lesser-known stocks in most funds--the ones being counted on to provide the most kick and produce superior results-- instead hold the funds down...
...indexes have been trouncing the typical stock fund for a long time. Even if this era of big-stock bias fades soon, the fee fest that comes with actively managed funds is a lot to overcome. Your odds are good in a fund with a steady manager and a superior record. But if you find yourself paying fund managers who can't find the ocean from the beach, index funds are a solid alternative...