Word: prudently
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Dates: during 1950-1959
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...cover on A.T. & T., and the rise of American Motors' George Romney and the compact car. The result of the team work between Gart and Jamieson, and the story of the financial world's fastest-growing phenomenon, you can read in the BUSINESS cover story on The Prudent...
...mutual funds and the one that set the pattern for all the rest. M.I.T is a child of Boston, which has raised the handling of O.P.M. (other people's money) to the status of a fine art. The art was born of an 1830 court decision, the "Prudent Man Rule." In settling a suit charging a trustee with negligence in investing in common stocks, the judge held that a trustee for someone else's money need only "conduct himself faithfully and exercise the sound discretion" in investments that a prudent man would. This meant that Boston trustees could...
...Massachusetts Investment Trust the prudent man is Chairman Dwight Parker Robinson, 59, a prow-chinned, rock-ribbed New Englander whose family roots go far back into Massachusetts history. Tall (5 ft. 11½ in.) and lean, he guides the $1.5 billion investment of M.I.T.'s 203,000 shareholders (plus the $219 million of 67,000 investors in M.I.T.'s Growth Stock Fund) with such calm and confidence that he sleeps as soundly as he invests. As the boss of the world's biggest fund, he is the first to admit that there are no exact rules...
DETROIT NEWS: Mrs. Luce is perhaps too much a compulsive wit to be the ideal diplomat. She has trouble keeping separate the many things she is and dimming her own radiance enough to see the prudent course. Yet she is certainly among the better noncareer diplomats we've had, a woman of the world, who in no sense but the Pickwickian is an "ugly American...
...these slings Johnson bore in tight-lipped silence. Then, with little advance warning, he showed up last week as the only congressional leader at the A.F.L.-C.I.O. unemployment rally in Washington's armory (see The Economy), drew roars by roasting the Administration for rejecting "prudent proposals to expand the economy of our country." Back he went to the Senate to show what a man of action could do. He introduced a bill setting up an eleven-member, legislative-executive unemployment fact-finding commission. Scarcely three hours after the bill was hoppered. 68 Senators had stepped forward to cosponsor...