Word: buying
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Dates: during 1970-1979
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...Mount Royal come back and feed them" and "Will whoever borrowed the keys of the police wagon please return them." Three boatloads of tourists, including a group off a Soviet cruise ship, scarcely noticed that anything was going on, though a few were annoyed that they could not buy stamps at the tightly shuttered post office...
Counsels Cummings: "If the investor goes to a good dealer, doesn't look for bargains, buys good pictures and pays a proper price, I don't think he can lose." Cummings also buys stocks of companies but pays more attention to the quality of their managers than the size of their immediate profits. In both the stock market and the art market, he has a philosophy of buy and hold. Once he acquires shares, he hangs on because he believes that sound management will overcome the vicissitudes of the economy...
Reggie Jackson, 32, outfielder, New York Yankees. The baseball millionaire chooses to invest in "tangibles," including a Volkswagen dealership in Canoga Park, Calif., a condominium project in Reno, a twin-engine Beechcraft plane, and five antique cars. Jackson advises friends: "Start building a cash reserve. And then buy things, things you can touch...
...they could increase by 50% this year. The chains have thus been forced to charge more; McDonald's raised its prices last year by about 14%. But higher costs are causing people to order down−to pass up the $1.05 Big Mac for a 500 regular hamburger, buy smaller portions of French fries and cut out dessert...
Anybody who can flip a TV dial knows what the public wants. But the art of broadcasting, writes William Paley, "is to know what the public is seeking before the public even knows it is looking for something else." As a guide, that advice is about as useful as buy low, sell high. Yet, as the author demonstrates in this often charming memoir, he has been able to follow his own prescription for almost half a century...