Word: credos
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Dates: during 1980-1989
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Like all other investors, contrarians follow the obvious credo of buy low, sell high. But they avoid buying or selling at obvious times. They also avoid securities heavily favored by analysts, the ones that most investors buy, because contrarians believe that mob psychology has already made the stocks too expensive. Says Fraser: "We seek unloved situations before they become attractive to others." A former New York City banker and Wall...
Last week's march of resistance was one of a number of signs of unrest in Argentina. In recent weeks an estimated 2 million wage earners (out of a total of less than 10 million) have gone on strike. In part at least, all of them share the credo expressed by the Mothers of Plaza de Mayo four years ago to the Inter-American Commission on Human Rights: "We have to understand the truth, otherwise a shadow of sadness will forever hang over the descendants of this shattered generation...
...into test flights, Yeager, with his peers, established the exacting, unspoken standards (and style) of test flight in the late '40s. The second book is about the men who came afterward, whose success would be judged by their ability to discern and live up to the credo of the right stuff. Among them were the Mercury astronauts. Goldman saw no dramatically convincing way to contrast the experience and outlook of the two groups, and left the test-flight veterans out of his screenplay...
...exceptional tenacity. Sometime in a young man's evolving life--perhaps when sitting around listening to his parents rehash the good old days of labor unionism, perhaps when receiving his first summer job through his union head dad welding iron ore--a bell rings in his head and a credo resounds loud and clear: the only two loyalties in life that count are union and family, and so long as those two pillars of institutionalism remain intact, life will breed security, happiness, and the American dream. So long as no one bucks the system, the blood flows smoothly...
...that's not all, Sound body, sound mind was the credo of ancient Athens and after finishing his book Thernstrom laid academia aside to spend several weeks climbing mountain peaks in the White Mountain chain and on Mt. Desert Island. Tackling the largest mountain east of the Mississippi, Mt. Washington, was, Thernstrom says, one of the most difficult ascents. Though they left at dawn, he notes, the climb took all day. "At the top it was incredibly foggy and wet and there were no views at all," he says, "but the getting up and down were very exciting...