Month: September 2002

Vanguard introducing some new index funds

Intrigue, of Sorts, Stirs the Quiet Land of Index Funds

Consider MSCI’s large-cap index, which will include the 300 American companies with the largest market capitalizations. Without a buffer zone, the index would have to sell a stock as soon as its market-cap ranking dropped to 301st, and buy it back if it rose back to 300th. But MSCI will have a buffer zone of 225 to 400 — meaning that a stock won’t be sold until it falls to 401st, or repurchased until it rises back to 225th.

While the zones will reduce turnover, their impact on fund returns is likely to be small. That is because, when buying or selling stocks, most fund companies that offer index funds just transfer shares from one fund to another. Mr. Tint estimates that this practice, known as crossing, already eliminates as much as 80 percent of the transaction costs that index funds would otherwise have to pay.

Gerhard & Renuka

We went into Seattle (again) yesterday and over to the Eastside. Went to Crate & Barrel and bought a couple sets of glasses and then to Staples for (free) office supplies. Then to Gerhard & Tracy’s housewarming party at their new house in Lakemont. Then we went to dinner at Brasa with Renuka Abayanayaka — he quit and is leaving for Sri Lanka on Monday!


I just checked in a new httpd that speeds up browsing. It does this simply by not doing 2 joins that are unnecessary when just getting the list of categories and their counts for the browse hierarchy. In tests on dublin, the query went from 1.12 seconds to 0.21 seconds (81% faster). Note that this only affects the “simple” browsing case; not when browsing My Cookbook, another user’s recipes, search results, etc. Test it today so I can push it to the live site.

Send my friend a pie?


I want to send the friend a chocolate pie, my friend in Canada in
city Toronto
I from Azerbaijan. The order for the house. It is possible?

You can send me a photo of your pies?
I am sorry me for mine English, I communicate with you with help of the
program of the interpreter
thanks 🙂


–from the Recipezaar mailbox