Word: foresight
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Dates: during 1970-1979
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Stein not only resisted the temptation to put The Dreyfus Fund into the performance game, but publicly warned that the game could lead the stock market into a spin. He also questioned the fashion for conglomerates long before the stock market marked them down. Despite such foresight. The Dreyfus Fund has not escaped the ravages of the bear market. Direct comparisons between mutual funds and stock market averages are hard to make because the funds include the value of reinvested dividends, while the averages do not. By these varying measures. The Dreyfus Fund declined last year but still did better...
...beauty v. respectability and ugliness (Where Angels Fear to Tread), personal freedom v. conventional success (The Longest Journey), cultivation and simplicity v. the strangling encroachments of industrial wealth (Howards End). Most important, in taking up the issue of colonial oppression and racism in British India, Forster, with remarkable foresight, was the first to sound what became the most troubling political and moral issue of our times...