Word: vanguardism
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...people die each year from smoking--5,000 from secondhand smoke--but 20% of the population still lights up. The ban will probably be carried out by decree so that legislators won't have to take a public position on it. But they'll be in the anti-smoking vanguard anyway: the National Assembly's tobacco shop shuts for good...
Quants have been on Wall Street since the 1970s and have been popular with institutional investors like pension funds since the tech bubble burst in 2000. In the past few years, the run-of-the-mill investing public has started to catch on while fund companies like Vanguard, Janus and Charles Schwab have beefed up quant offerings...
...hard to spot quant funds by name alone. You may have to call the fund company or dig through prospectuses. Morningstar, a firm that rates investments, recommends Vanguard U.S. Value, Bridgeway Large-Cap Growth and Janus Adviser Intech Risk-Managed Growth...
...that's just fine by quants. "What we're really trying to do is deliver a consistent value added," says Joel Dickson, who runs quant investing at Vanguard. Translation: Slow and steady--and a little nerdy--wins the race...
...didn't feel part of a vanguard, or more adult for "getting" Lenny. I just thought the guy was funny. Similarly, I found the breadth and pungency of his stuff startling but not really shocking. So far as I recall, it didn't upset other members of my middle-class Catholic family, since the only record player was in the dining room, where anyone could hear or overhear the LPs, and nobody gave me an angry shout to turn that junk off. So, by applying contemporary community standards (our house), I'd rule that Lenny Bruce was not obscene...