Word: cheaping
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...after the crash, most of those preferred shares seemed so cheap that Graham couldn't bear to part with them, he wrote in his memoirs. They kept falling, and his profit soon turned to a loss. His fund (equivalent to a modern hedge fund) ended the year down 20%. In 1930 it dropped 50.5%; in 1931 16%; in 1932 3%. "The stock market," as Graham resignedly put it in the first edition of his book with David Dodd, Security Analysis (1934), "is a voting machine rather than weighing machine...
...films as a director, including the Oscar-winning Million Dollar Baby and a feature-length documentary, Piano Blues. On Christmas Day there'll be another movie, Gran Torino, which he stars in as well as directing. He couldn't do this if he didn't work fast (and relatively cheap). Screenwriters love him; if he likes a script, he shoots it without demanding a million rewrites. Actors love him too; if he likes Take One, he prints it and goes on to the next scene. Decisiveness is fine, but it raises the question: What does it take to satisfy Clint...
...least as good a chance of stumbling upon success in the States as you do of mispronouncing her name. That shouldn’t stop you from dropping it, though. This Swedish indie star is already selling out venues across the U.S. See her while she’s cheap, so you can say you knew her back when. Thursday, Oct. 23 at 9:00 p.m. , Paradise Rock Club, $15 3) Easy to Remember Harvard-Radcliffe Dramatic Club is celebrating its 100th Anniversary with the play Mnemonic. It’s been described as “multi-medial?...
...alternative-energy economy. His rationale for doing so includes some hard truths about the current economic mess: "The engine of economic growth for the past 20 years is not going to be there for the next 20. That was consumer spending. Basically, we turbocharged this economy based on cheap credit." But the days of easy credit are over, Obama said, "because there is too much deleveraging taking place, too much debt." A new economic turbocharger is going to have to be found, and "there is no better potential driver that pervades all aspects of our economy than a new energy...
...political analyst at Bangkok's Chulalongkorn University - or the current divisions over him that have Thailand's people on the edge of violence. Sometimes said to be the most divisive political figure in Thailand's history, Thaksin remains enormously popular with the rural poor for his populist policies like cheap health care and easy credit. But the billionaire businessman is also still reviled by the urban middle class and conservatives, who view him as a corrupt authoritarian whose power and wealth posed a threat to the nation's revered monarchy...