Word: five-year
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...would be impossible for opponents to place Ignatieff anywhere near the sponsorship scandal since he had been living abroad, in the United Kingdom and the U.S., since 1978. As well, Ignatieff's background - son of one of Canada's most renowned diplomats, a Russian aristocratic ancestry and a five-year term as director of Harvard's Carr Center for Human Rights Policy - was impeccable...
Harvard’s devastating loss to Yale at this weekend’s football game is not the only bizarre phenomenon storming Cambridge this fall. Saturday’s loss, which broke Harvard’s five-year winning streak, also set the record for the warmest Game day in at least half a decade, according to national forecast provider AccuWeather. According to meteorologist John M. Pachelco from national weather source AccuWeather, the average daytime temperature in November has been 4.5 degrees above normal—defined as the average temperature from...
...Telekom's 20-member supervisory board, which appoints and oversees the executive management, was scheduled to meet on Dec. 5 to discuss the state of the company's business and whether to extend Ricke?s five-year contract, due to expire in November 2007. But after the company' s third-quarter financial report released this week showed that the slide in the company's domestic business is continuing unabated, investors became convinced that the only recourse is to change faces at the top as soon as possible. According to people familiar with the situation, the supervisory board could now meet...
There's nothing new about bad timing and Wall Street's willingness to accommodate it. In fact, poor timing may be one of the most systematic and predictable errors investors make. Famed portfolio manager Bill Miller has dubbed it the "five-year psychological cycle." Investors want to own today what they should have owned five years ago. Currently, investors are pining for energy and commodities, but they should have owned them in the early 2000s, when they were cheap and unloved. Instead, investors coveted the high-flying tech and telecom stocks, which would have been smart purchases...
...five-year psychological cycle suggests a contrarian strategy: take a hard look at buying what has performed poorly in recent years. The answer today looks to be, as a group, large-capitalization U.S. stocks. The top 10 U.S. firms by market cap as of March 2000 have seen their stocks decline 27% on average through September 2006, while their combined net income has nearly doubled. The market has wrung out most of the 1990s excesses...