Word: investor
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Dates: during 2000-2009
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...that opens up great opportunities in the stockmarket. With the NASDAQ trading at just over 2000 right now, bargains abound. In fact, buying growth stocks at the bottom of an economic cycle is one of the best time-tested methods for beating the market. The legendary investor Warren Buffett, speaking to Fortune magazine during the deep recession of 1974, told stunned interviewers that he was buying every solid company in sight. "I feel like an oversexed guy in a whorehouse," he told them...
...story about the California electricity crisis was very informative [BUSINESS, Jan. 29]. I would, however, like to correct one statement. California's investor-owned utilities did not go along willingly with limitations on their ability to procure power through long-term contracts outside the spot market. The state's utilities requested the authority to pursue long-term contracts but were rebuffed by the California Public Utilities Commission in March 1999. After finally granting limited permission later, the CPUC denied repeated petitions for expanded authority. Long-term contracting is how electricity markets operate everywhere else in the world. THOMAS J. HIGGINS...
...gyrations have been in all the wrong places for Disney of late. Recently the company shut down its Go.com website, laid off 400 of its 2,000 Internet employees and wrote off more than $800 million stemming from its slumping online operations. And famed value investor Warren Buffett dealt the stock, which has been lagging the S&P 500 since November, a psychic blow by revealing that his Berkshire Hathaway company had dumped 80% of its Disney holdings by last March. After two years of such disappointments, and enough bumps and jolts in its movies, TV, consumer products and cable...
...George Soros. But there are two Rockefellers on the list as well - philanthropist David Rockefeller Jr., former chairman of Rockefeller & Company, and Steven C. Rockefeller, chairman of the Rockefeller Brothers Foundation. Not to mention Agnes Gund, a philanthropist whose family owns stakes in many companies. Warren Buffett, the zillionaire investor who's newly revered these days for weathering the tech bubble-bust with his zillions intact, didn't sign - but only because the petition didn't go far enough...
...range of companies are struggling to bolster their pension plans to make up for the markets' swoon. This does not mean your pension is in danger, just that companies may have to scramble to make up for lost profits--a potential matter of concern if you're an investor...