Word: vanguardism
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...easier to find out in prospectuses what he's allowed to do. Even that may not be enough to satisfy critics (like the former Putnam fund counsel who complained to the SEC last week) who say lax codes let managers profit at your expense via personal trades. Vanguard and Fidelity restrict managers' trading of stocks just before or after their fund makes a trade; Janus prohibits all trading in individual stocks...
...seemed hesitant to let him into the country--his visa application was approved and then unapproved. A few days later, without explanation, it was approved again. So now Jesus is in--but he's running late. At 11 p.m. the man checking names at the door of the Village Vanguard, the New York City jazz club where Miles played, where Monk played, says Jesus hasn't arrived but his plane "is touching down even as we speak." As a result, Jesus' set has been pushed back from 11:30 to 'round midnight. The club is half empty. Only the true...
...fund as early as Fidelity, it's not too hard to find a fund at any firm that's watched over by some very innocent eyes--a trend that raises some skeptical industry eyebrows. "It's an interesting concept," cracks Jeffrey Molitor, principal at fund giant Vanguard, a Fidelity competitor, "giving somebody someone else's money to train with...
Mutual funds are billed as an easy way to play the stock market, but the prospectuses are packed with confusing jargon. Starting this month, funds are allowed to send potential investors a simplified "profile" that lays out their fees, risks and performance in plain English. Look for Vanguard and Fidelity to offer profiles within the next year...
...that the mandate to set forth social meaning, to articulate myth and generate widely memorable images has been so largely transferred from painting and sculpture to other media: photography, movies, television. Though Marcel Duchamp, that cunning old fox of conceptual irony, has certainly had more influence on nominally vanguard art over the past 30 years than Picasso, the Spaniard was the last great beneficiary of the belief that the language of painting and sculpture really mattered to people other than their devotees. And he was the first artist to enjoy the obsessive attention of mass media. He stood...