The public is sitting in passive index ETFs now, no need to trade or to have a broker or mutual fund manager buying and selling things on their behalf.
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Lame brands were allowed to fester on shelves, and each country manager was buying his own size bottle of ketchup.
It might be that the manager is buying illiquid assets.
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"I'm just not buying it, " says Barnstable Town Manager Thomas Lynch, who worries about public-safety costs to the town if there were a problem at the wind farm.
Stadium manager Paul Sergeant also warned against buying tickets from touts or over the web.
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When you hire a manager, you'll be buying into one particular investment style, whether that's large-cap growth, small-cap value or some other discipline.
Indeed, at a family practice in Sherman, Tex. before buying a Piccolo, the nurse and office manager often stayed until 8 p.m. calling patients with such information.
That entailed investing staff time, buying new glasses and changing menus, executive general manager Ayman Kamel said.
First, it directly measures the impact of a manager's decisions: did his buying and selling add value to the portfolio, or subtract from it?
This morning was a prime example as Bloomberg reported that Andy Dolich, a former executive vice president of the Oakland Athletics, and former Dodgers General Manager Fred Claire confirmed their interest in buying the team yesterday.
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She has her headset on and is in the middle of trying to sell an indifferent manager at a big insurance company on the idea of buying a very expensive database software package.
One veteran bond-fund manager says that many U.S. institutions are buying Treasurys "only because they are betting they'll be able to liquidate them at an even higher price" as the Fed keeps squashing interest rates lower.
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If Apple doubles in price, the manager of a capitalization-weighted fund can take the day off, neither buying nor selling.
Arne Alsin, portfolio manager of the Turnaround Fund, has held the stock for two years and is buying more.
Shop manager Eric Grabowski and owner Kevin Nugent told CNN Tuesday that surveillance video of Page buying the gun and using it in the range two days later has been turned over to investigators.
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