Word: core
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...boom--and vindicated as he avoided the bust--is being scrutinized once more. The buy-and-hold billionaire is up to his ears in exotic investments known as derivatives, which are used to bet on things like the weather and the direction of interest rates. Derivatives were at the core of the 1994 bankruptcy of California's Orange County and the 1998 demise of hedge fund Long-Term Capital Management. Buffett once called derivatives "financial weapons of mass destruction," so you'd think he would steer clear. But his company, Berkshire Hathaway, has acknowledged a $307 million pretax loss...
...came to Britain with thoughts of the Core far from my mind, thinking instead about research in making big molecules, going to as many music festivals as possible, and how best to gain an appreciation for the River Cam. But unexpectedly, my encounters have got me thinking about my education and that perhaps the real value of a liberal arts education lies somewhere beyond the traditional claim that its value is in having a broad field of knowledge...
...Democracy in America – not because of what was said, but because I had it with a math student. It became clear to me that the students of Cambridge are well-educated and well-read with a broad field of knowledge, even without the guidance of the Core. This should be no surprise – students as driven and ambitious as the ones at Cambridge or Harvard are often curious about fields other than their...
...convinced that writing papers and doing problem sets are neither bad habits to be dropped at 16 nor something fatal to one’s academic career. Perhaps the Core doesn’t provide a broad field of knowledge, but what it does is force us to overcome certain trepidations about our academic weaknesses. We lose that focus, perhaps, but we also shed that element of fear that my friends on this side of the pond can’t seem to shake...
...Patricia Li ’07, a chemistry concentrator in Lowell House, is an arts editor of The Harvard Crimson. She a, longs for Glastonbury and b, didn’t take any Core classes this year...