Word: fashion
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Dates: during 1990-1999
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Perhaps history could repeat itself in similar fashion...next year...
...process, Buffett has rebalanced Berkshire in startling fashion. The company's vaunted stock portfolio accounts for just 33% of Berkshire's total assets. As recently as 1995, the stocks accounted for a whopping 76% of assets. "To keep thinking of Berkshire as a big stock fund is absurd," asserts Alice Schroeder, an insurance analyst at PaineWebber. She began covering the company this year, underscoring Berkshire's insurance bent...
...shiver. But I'm not. I took an intentional walk. We sold a hefty amount of stock going into the month, raising cash to 50%, an abnormally high level for my hedge fund. As stocks have come down, I have reapplied that money to the market in a gingerly fashion. But the bulk of our spare cash is quietly benched in the bond market, waiting patiently for another 500-point sell-off to be put back on the stock field. Long-termers: Strictly sit tight. October too shall pass...
...follow this spirited skeptic as she looks at lightning head on (in a lighthouse), escapes to sea on a whaling ship (dressed, in Shakespearean fashion, as a boy) and takes Captain Ahab (who has the "mien of a weathered god") to her bed. Naslund is helping us, of course, to see the all-male world of Moby Dick through more compassionate eyes, and its protagonist as he might be glimpsed through "pity's tears." Yet what is remarkable here is not the revisionism. Naslund, author of four much smaller works of fiction, actually matches the master, Melville...
...school, these kids are known as the Church Step Dirties because they convene after school on the steps of the Christ Lutheran Church, smoking Camels. At Webster, their perceived bad fashion, bad family, bad hygiene or bad attitude evokes disdain from many classmates. "A lot of people look down at us and write us off because of what we look like," says Gene. "They don't even know...