Word: dreyfusism
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...growth companies, you need people with vision and organization." The new growth and glamour stocks, selling at up to 100 times earnings (blue chips average a mere 16 times earnings), are of such dubious value by older stand ards that Wall Street has its own jokes about them. Jack Dreyfus, head of the $109 million Dreyfus Fund, recently satirized the glamour business: "Take a nice little company that's been making shoe laces for 40 years and sells at a respectable six times earnings ratio. Change the name from Shoelaces, Inc. to Electronics & Silicon Furth-burners. In today...
Therefore, we have six times earnings for the shoelace business and 15 times earnings for electronic and silicon, or a total of 21 times earnings. Multiply this by two for furth-burners, and we now have a score of 42 times earnings for the new company." Concluded Dreyfus dryly: "In today's market, studying securities can be fatal. While you're studying them, they're apt to double, and by the time you find you wouldn't have bought them in the first place they will probably have tripled...
...Howard faction of liberals crystallizes, so does an anti-Howard clique of conservatives, and the short-fused passions of left v. right detonate. Playing Zola to Howard's Dreyfus is a man of good will and strong character, Lewis Eliot, the upper-echelon bureaucrat and first-person narrator who either dominates or "I" witnesses most of the Snow novels. What Eliot gradually collects is not so much the evidence to clear Howard as the ambiguous human motives-sly, cynical, stoic, self-serving, occasionally selfless-that convict all would-be judges...
...Dreyfus Case spread the infamous name of Devil's Island all over the world, but the prisoners, often shrunken to 70 or 80 lbs., worked and died as before. At night, a "bar of justice" would hold the incos manacled to plank beds, and on execution days the prisoners would be forced to kneel around the guillotine to watch...
...Twentieth Century (CBS, 6:30-7 p.m.). The program takes a retrospective look at The Turn of the Century, shows (for the first time outside an Amsterdam film archive) a sequence in which Mrs. Alfred Dreyfus leaves the Paris military prison where her husband was held. Right behind her is Emile Zola. Other strips of film show Pierre Renoir, Claude Monet, Auguste Rodin, George Bernard Shaw, Sarah Bernhardt, Pavlova, Sacha Guitry, Edward VII, Czar Nicholas, Kaiser Wilhelm, Emperor Franz Josef, British Suffragette Mrs. Emmeline Pankhurst, Leo Tolstoy, James M. Barrie...