Exact(7)
In essence, the club acquired all of Mr Singleton's upside without taking on any of his downside risk.
Because fund managers reap large rewards on the upside without a correspondingly punitive downside, they have a much greater incentive to take big risks than ordinary investors do.
As raw material prices rebound, however, "they're not going to put up this kind of upside without some acceleration in top-line growth going forward," he said.
And as calls came in on Wednesday from some of the donors who had poured more than $300 million into the pair of big-spending outside groups founded in part by Karl Rove — perhaps the leading political entrepreneur of the super PAC era — he offered them a grim upside: without us, the race would not have been as close as it was.
They're sharing the upside, without any risk if things go south.
These stocks aren't pure plays on emerging markets, but you can indirectly participate in the upside without taking on a huge amount of risk.
Similar(53)
The ancients were fully aware of this upside-without-downside asymmetry, and they built simple rules in response.
They have the upsides without the costs.
It's like a coin offering, without the upside, and without any legal ramifications, because there's actually nothing of value that acquirers are buying.
Yet the same culture remains in place, whereby the players gain upside benefit without bearing downside loss.
By investing directly in Bridgewater, the Teacher Retirement System of Texas can share in the upside return without paying the high costs.
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