Word: cheaping
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...contrarians like Wadhwaney, 51, investing is a matter of avoiding manias and searching instead for bedraggled castoffs that are cheap precisely because the in-crowd won't touch them. "I don't buy prime merchandise," he says. "I buy stuff that's fraught with discomfort. I buy some terrible things." Yet these terrible things produce terrific returns. Wadhwaney's $1.26 billion mutual fund has racked up annualized gains of 22.5% since its birth three-and-a-half years ago?double the rise of a comparable index of non-U.S. stocks. (I've entrusted his firm, Third Avenue Management, with...
SENATOR JOHN MCCAIN: Senator, asking a question is a cheap shot...
...West Point, with the idea that Pae would study business and build his management and leadership skills. "After growing up in a Korean family, West Point is a breeze," says Pae's roommate, Steve Kim. Stripped of their civilian lives, cadets cherish what they have, polishing cheap shoes to perfection and meticulously caring for each of the five items of civilian clothing that Firsties--as seniors are called at West Point--are allowed to own. In Pae's case, those are immigrant values as well. It may be an imagined past or an idealized vision of the immigrant present...
...deeply involving story. In the biographical first third, for example, character development never goes beyond stereotype, as if giving Golovinski more than one dimension would confuse us. One scene depicts a young Golovinski stealing his mother's necklace for no apparent purpose. Presumably fabricated, it reads like scene of cheap melodrama designed to incontrovertibly establish the nefarious nature of an antagonist...
Friedman’s rejoinder is that, from an American perspective, one can legitimately perceive outsourcing as exploitation of cheap foreign labor but that the flat world may require trading one person’s unemployment for another’s economic liberation. But, confined so closely to his economic mode of analysis, Friedman has replied to a vastly different trade-off than the one Sandel posited. The critical issue is not merely to whom economic benefit is allocated at whose expense, but also to what extent it should be pursued at all in the face of competing claims...