Word: invest
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Dates: during 1950-1959
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There are those who collect out of a love for art itself, out of enthusiasm and out of conviction. Then there are those who collect with enthusiasm but with more advice than self-assurance. There are those who collect purely and simply to invest. There are also those to whom art means prestige of one sort or another. Yet, over a substantial period of time, the character of collecting itself has changed considerably...
...much money (between $20 and $30 million) that Holden's share now stands at between $2,000,000 and $3,000,000. Not only will it take 40-year-old Holden at least 40 years to get the last of his money, but Columbia can in the meantime invest it and make well over $50,000 a year, thus in effect having got Holden's services in Kwai for nothing...
Harsh Penalty? On a long-term stock profit, an investor must pay a capital gains tax of up to 25%. This means that if he sells, and pays the tax, he lessens his borrowing power by the amount of the tax and thus has less to invest, unless he can find another stock that will go up enough to make up for the tax loss. With shares already selling at record highs, finding such a stock is difficult. Result: investors are locked into their stocks, thus keeping shares off the market, and forcing up prices...
...climate for intellectual creativity. The great, vast public, foreign observers report, seems more resigned to its lot, and even grateful for the orderliness that keeps warlords from swooping down on farmers to steal their harvests. But in a nation that has only a paper-thin economic surplus to invest in industrial growth, a loss of mass enthusiasm and a consequent drop in production could be no less deadly than active popular resistance...
...Uncle (Continental). Jacques Tati is a French comedian whose big feet, small head, great height and bolted rigidity invest him, as he jerks and jolts and fidgets through his films, with the marvelously absurd demeanor of an Eiffel Tower out for a Sunday stroll. But from his solitary eminence, Moviemaker Tati (Jour de Fête, Mr. Hulot's Holiday) takes a solemn view of the comic art and the contemporary scene. "Look what is happening to us," he glooms. "This specialization. Depersonalization is taking all the human meaning out of our daily life. A man used...