And the companies need to be nurtured for longer than a typical buy-out, which can depress annual returns even if profits are greater in the end.The biggest risk, says Chip Kaye, who alongside Joe Landy has led the firm since 2000, is that either the investment thesis ends up being wrong, or that it is right, but hard to act on.
Some years ago, a Princeton University senior's thesis ended up becoming a national program called "Teach For America".
A potential downside, says Bowen, is that a candidate can end up pursuing many different projects so that the thesis can end up looking like a "patchwork quilt".
Personally, I care about getting good marks, particularly in my bachelor thesis, and ending up with a well-paid job.
As a graduate student in the department of biology, I did very well my first 2 years and passed my qualifiers, but my dissertation project was a dead end and my thesis advisor and I ended up not getting along.
While the End of History thus was essentially an argument about modernisation, some people have linked my thesis about the end of history to the foreign policy of President George Bush and American strategic hegemony.
As supervisor, this must become not my research and not my thesis at the end point.
His thesis at the end of the day Monday remained the same as in the morning, that stocks have further to fall.
Because the original article appeared the year the Berlin Wall came down, and because the book appeared right after the formal demise of the Soviet Union, Fukuyama's thesis about the "end of history" was taken to be a kind of celebratory meta-historical frosting on America's victory in the Cold War.
In that sense, this is a distinctly anti-Huntingtonian book in that it recognises the need to engage with civilisations rather than asserting the inevitability of their clashing; it also diverges from Francis Fukuyama's famous thesis about the "end of history" by arguing strongly that history and identity are central to societies' perceptions of themselves today.
Hegel was influenced in particular by Winckelmann, Kant and Schiller, and his own thesis of the "end of art" (or what has been taken to be that thesis) has itself been the focus of close attention by Heidegger and Adorno.
