Word: investment
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Dates: during 1990-1999
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Matel Dawson has worked and sweated as a forklift driver in Dearborn, Mich., for nearly 60 years, often clocking 84 hours a week. He has spent scarcely anything on himself, preferring to invest heavily in the stock of his employer, Ford Motor Co. He could have been one of those millionaires next door you read so much about, living frugally while piling up money for a lavish retirement...
Dawson insists that "anybody could do what I'm doing if they put their mind to it." His advice: work hard, spend sparingly and invest in solid stocks. Dawson once bought a three-bedroom house with a 30-year mortgage--and paid it off in six years. He also once owned a pair of shiny Lincoln Continentals. But he gave up those things 23 years ago when he and his wife were divorced. Today he lives in a one-bedroom apartment in Highland Park, a gritty Detroit suburb. He drives a red 1985 Ford Escort that runs just fine, thank...
...lived fever, Japan suffers from a slow, wasting disease, the result not of the nation's vices but of its virtues. While there are many things wrong with Japan, the immediate problem is excessive thrift: Japanese households simply save more than the country's businesses can be persuaded to invest, even at a zero interest rate...
Call them what you will. The name game simply underscores the up-and-down nature of funds that invest in developing regions. Risk has rewards: emerging-markets funds are up an average of 32% this year, beating the Standard & Poor's 500 by a factor of three. No broad area of stock investing has paid off bigger in the first half...
...staff informed me that those of you who in recent years have been paying Harvard tuition or have contributed to the endowment fund, must by now have little left to invest," he quipped...