Word: hugeness
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Dates: during 1990-1999
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...market as Buffett called for delivery of more than 42 million oz. of the silver he had bought--after already having some 87 million oz. in tow. Panicky short sellers, who had borrowed silver and sold it in the expectation that the price would fall, had to swallow huge losses to complete the deals. Major buyers of silver like Eastman Kodak, which processes millions of ounces a year into film, faced big increases in raw-material costs. And everywhere families began eyeing grandma's precious flatware as a possible source of cash. "We think we may see the spike reach...
Even the most ardent Saddam hunters have to admit that taking him out would entail a huge, high-risk military operation: months of preparation to deploy thousands of ground troops to fight their way to the Iraqi capital while courting substantial casualties, then arrest or kill him. The U.S. would be pitched into an open-ended occupation and saddled with rescuing a devastated economy...
...starters, silver prices were down last summer. That made the metal a value play, something Buffett is good at. In fact, Buffett says in a statement that he saw a huge imbalance between the amount of silver available and the demand for it to make things like jewelry, photographic supplies, electronic components, mirrors and batteries. So he began buying because "equilibrium between supply and demand was only likely to be established by a somewhat higher price." Translation: It looked like a good deal...
...some style." An acquaintance says Lewinsky was "one of the very few people where after the first 15 minutes you would remember her... She's very outgoing. Very extravagant." Once, she says, Lewinsky went to the birthday party of a woman she had never met before, arriving with a huge bouquet of balloons as a gift. There were always instant familiarity and intimacy. Says the acquaintance: "It wasn't so much that she'd be personal in a one-on-one conversation but with a group of five people she had never met before...
...with Digital's high-end technology and global sales and service reach. Compaq will rely less on hardware, an advantage in an industry whose prices continue to erode. "This gets Compaq out of being a box supplier and puts it in the position of delivering full-service solutions to huge corporations," says Stuart Woodring, a vice president for Forrester Research in Cambridge, Mass...