Word: foolish
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Dates: during 2000-2009
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...stock market has a brutal way of making even the smartest people look foolish. Just ask Bill Miller, America's most celebrated mutual fund manager, whose Legg Mason Value Trust has beaten the S&P 500 stock index for 14 years running. A brilliant polymath whose intellectual passions range from chaos theory to Wittgenstein, Miller has trounced his rivals by thinking differently. But lately the investor, who is based in Baltimore, Md., has looked a tad less clever. In the past two years, oil and gas stocks surged as the price of oil nearly tripled...
These problems present a unique opportunity for new CEO Zetsche. If the quality and reliability issues have truly been dealt with--and the indications are growing that they have been-- Mercedes will once again take its place at or near the top of the heap. "It would be foolish to believe Mercedes' weaknesses will exist for very long," says Stuart McCullough, the European director for Lexus. The big question is how quickly those scared off by the quality problems will come back. The goodwill is clearly there. "I personally haven't given up on Mercedes-Benz," says Hurvitz, the financial...
...makes the University appear ignorant: those at the Law School should know better than most of us that an important principle of a stable democracy is civilian control of the military. The militarys leadership did not decide to limit the expression of gays. It was the President. Harvard looks foolish for attacking the wrong target...
...million a year on levee maintenance alone, it may be time to ask some difficult questions. Some suggest that the parish could tap into a FEMA grant program to buy out the most flood-prone properties on the condition that they never be developed again. Others say it is foolish to maintain a continuous 100-mile levee, that the parish should be converted into a string of islands of development with marshland between them. Ultimately, it may be up to individual landowners to decide if they want to roll the dice again and rebuild...
...Katrina's damage was multiplied a thousand times by the breach of the levees. This is a classic case of the penny-wise, pound-foolish policies of modern politicians and bureaucrats. The problem is not limited to the Bush Administration. Driven by concepts like cost cutting and lean government, shortsighted budget officials may save a few billion dollars, but they end up losing $50 billion when tragedies must be dealt with later on. Anil Kumar Aleti Hyderabad, India...