THE REAL LESSON OF HONG KONG - MARKETS RULE Milton Friedman demonstrated the power of markets in his tribute to George J. Stigler.

STOCKS VS. BONDS: HIGH REWARDS WITHOUT HIGH RISKS? Nick Barberis shows that long-term, stocks may be less risky than bonds.

LETTER FROM THE DEAN ALUMNI UPDATE The Office of Alumni Relations has implemented an exciting and innovative career management partnership with the Part-time M.B.A. Program.   GSB HAPPENINGS Dennis Keller urges graduates to play to their strengths at convocation. Coming to campus soon? Need lodging, directions, or tickets to a show? Ask Information Plus. One of the most hotly recruited new faculty members of 1996 also turned out to be the best teacher.

CHINA IS the most potentially explosive emerging market in the world, and Jack Wadsworth is in prime position to take advantage of it. John S. Wadsworth, ’63, is chairman of Morgan Stanley Asia Limited. He oversees the bank’s business in all of Asia outside of Japan and India. “China is critical to [investment] in non-Japan Asia because of its dominant impact on capital flow,” Wadsworth told students in May when he visited campus. “We’ve been telling people for 10 years, ‘China is going to be important to you, whether you are in or out.’” The key to Morgan Stanley’s Asian strategy, he says, is “getting China right.” more>>

IN THIS EDITION... - Rick Stewart, Accidental CEO - Venture Capitalist Gould Enjoys Momentum of    Business-Building - Click here to browse fall class notes by year...

Dell'Oro Finds Niche in Networking

GSB turns 100 years old in 1998!

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