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Nor was it heavily exposed to AIG, an insurance giant that got into trouble.This was not because it saw disaster coming, says Bill Winters, former co-head of the firm's investment bank, but because it stuck by two basic principles: don't hold too much of anything, and only keep what you are sure will generate a decent risk-adjusted return.
Pumps operate by two basic principles: rotodynamic and positive displacement, but there are a few pump designs outside this categorization.
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PRINCIPLES FOR PROGRESS The U.S. and the IMF could save themselves — and the world — considerable headache by applying four basic principles to economic policy: n Sound money.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com