Word: cna
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...assets of $94 million and achieved 90% growth. In 1967 -a year in which it was hard to do badly-Neuwirth grew 300%. But 1968, as 36-year-old Manager Henry Neuwirth says, "was more on the selective side." Neuwirth selected a number of long-depressed insurance stocks (CNA Financial, Safeco) early in the year, then rode them up as insurance companies became sought-after merger candidates...
...label Hayek's "reasoning wrong, terminology distorted, outlook antiquated, planning false, and arguments fallacious and puerile. The whole thing is so ridiculous," adds Finer, "because of Hayek's illogical progression of ideas. He distrusts the people politically, but he has confidence in any one of those same people who cna be successful in economics; he believes in economic freedom, but not in political freedom...