Word: contrarians
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...Whoever is sworn in on Jan. 3, 2003, will have a tough time living up to Wellstone's contrarian act. No other member of the Senate was on the losing side of so many 99-to-1 or 98-to-2 votes, and none voted more consistently against the Bush Administration, according to the Congressional Quarterly. But Wellstone was not merely obstreperous. Born to Russian-Jewish immigrants, he was encouraged by his father, a frustrated playwright and essayist who spoke 10 languages and worked for the U.S. Information Agency under Edward R. Murrow, to live a life that merged intellectual...
...Back when my book came out, I scribbled a bit in this electronic space about it. My friends here at Time.com thought it might be interesting to resurrect that piece. Here it is: a small bit from the contrarian side to the latest hot theory...
...they have failed seems particularly contrarian when so much attention on bin Laden and his followers in the past year has finally granted them the stature they crave. And their failure was by no means a given. Not so long ago, the jihadists appeared to be moving from one success to another: first the Iranian revolution in 1979, then the successful guerrilla war that forced the Soviet army from Afghanistan in 1989. But in Saudi Arabia following the Gulf War, for example, a rupture appeared between moderate Islamists--those of the pious middle classes imbued with conservatism--and the more...
...thirds of their value in the past year. But ever since the Continental deal--which brought Bonderman and his partners 10 times their original investment--Texas Pacific has made a profitable habit of picking up airlines so far down on their luck that nobody wants them. "We're contrarian by nature," says co-founder Jim Coulter. "On many of our best deals, friends in the business call to say, 'If it wasn't you guys, we'd think it was crazy...
...mildly, Malone's European strategy is a contrarian play. But that's what he has always sought. Now that many cable companies have exhausted themselves and the patience of their bankers by trying to string copper wire and coaxial cable from the North Sea to the Baltic to the Mediterranean, he can come in and scoop up the fruits of their labors for pennies on the euro. "What seems to be cheap seems to get cheaper as one waits," he quipped, with his typically dry sense of humor, at the recent shareholder meeting of Liberty Media, the onetime TCI programming...