Word: thorpeness
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...mutual funds traveled this trail of tears, Southern California math professor Ed Thorp was delivering positive, usually double-digit, returns every year to investors in the fund he launched in 1969. Thorp, probably best known for figuring out how to beat the house at blackjack, did this by programming computers to identify small price discrepancies between securities that should have been trading in tandem. Then he borrowed tons of money to bet that these discrepancies would disappear. Such strategies were off-limits to mutual funds, but Thorp's Princeton Newport Partners was a hedge fund--an unregulated investment partnership catering...
...Today Thorp's progeny are everywhere, catering not just to rich people but also to pension funds and college endowments--and to not-so-rich people through listed hedge-fund stocks and hedgelike mutual funds. Thorp's was not the first hedge fund, and the term now covers all manner of investment beasts. But the approach he pioneered accounts for the bulk of the $1.43 trillion that Chicago-based Hedge Fund Research says hedge funds had under management at the end of the year. That's still puny compared with the $20 trillion in mutual funds worldwide. But because most...
...fails to fully portray her character’s deeper psychiatric struggles, and the audience is left perplexed as to some of the character’s decisions and motives. Co-stars Jackson and Garcia play their parts well, but are crippled by the poor dialogue of screenwriter Sarah Thorp, whose script traps the characters in awkward, clichéd language. Even the redemptive Kaufman (The Unbearable Lightness of Being, The Right Stuff) can’t allow the film to recover from its overused dialogue...
...fails to fully portray her character’s deeper psychiatric struggles, and the audience is left perplexed as to some of the character’s decisions and motives. Co-stars Jackson and Garcia play their parts well, but are crippled by the poor dialogue of screenwriter Sarah Thorp, whose script traps the characters in awkward, clichéd language. Even the redemptive Kaufman (The Unbearable Lightness of Being, The Right Stuff) can’t allow the film to recover from its overused dialogue...
Tisch insists that "this company will not be shopped. This deal will not be shopped. We are not selling. We are simply merging two companies, and it's a genuine merger." But many on Wall Street do not believe him. "CBS is clearly in play," says Bruce Thorp, an analyst for PNC Bank. "This deal implies that it's open to all comers." Some analysts insist that CBS is worth $6.4 billion, or $400 a share -- nearly $100 more than last week's closing price. CBS must look mighty fetching to companies (like Disney and other studios) with an itch...