December 10, 2008
Tim Smeeding knows something about horses, and about success. He strides to his office chalkboard, and in an animated style, picks up a piece of chalk and starts scribbling away. An equation comes into view: “Success = an idea, the money, and the horses to get it done.” Smeeding, the new director of the Institute for Research on Poverty, has lived out that equation many times.