Word: investors
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Dates: during 1980-1989
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Poker players rejoice when they detect a fish -- a cheerful, tireless, well- funded loser -- radiating stupidity from across the green felt. Poker, of course, is a low pastime, whereas investment counseling, stockbroking and commodities trading are honorable professions. Still, suggests amateur Investor John Rothchild in this wry and funny confession, the professional gents and ladies of the financial markets are by no means reluctant to gnaw underachieving seafood when it presents itself...
...Yellow Wind vividly portrays Jewish- Arab tensions in the West Bank. -- Coming of age in World War II. -- An investor' s lament...
...churn out a single kilowatt. The plant has generated only trouble so far, which it produced in abundance last week. Public Service of New Hampshire, owner of the largest single stake in Seabrook, a 35.6% share, filed for Chapter 11 bankruptcy, becoming the first major investor-owned utility to do so since the Depression. Though Seabrook was ready to run by the fall of 1986, its start-up has been delayed by political and public opposition. The bankruptcy will shelter the utility from creditors while its management reorganizes the company and pursues its goal of getting Seabrook switched...
Bloom was in fact a shrewd art investor. He bought paintings by Edward Hopper, John Singer Sargent, Mary Cassatt and Willem de Kooning. Among the most expensive: Thomas Wilmer Dewing's Lady in White (worth $750,000) and John White Alexander's Alethea ($660,000). Says Loraine Pack-Liebmann, a Manhattan art dealer: "The kid did well. Many of the works he has bought have appreciated substantially in value." Example: Severin Roesen's Vase of Flowers in Footed Glass Bowl with Bird's Nest, purchased for $175,000, may now be worth $250,000, a potential profit...
...commission's proposal would bring under one master two radically different kinds of markets. An investor who buys stock gets tangible shares of a corporation, which can be held for the long term. The person who buys or sells a stock-index future, in contrast, is making a short-term bet on which direction the overall market is going to go in the near future, usually a month or less. Thus the Chicago Merc is used primarily by brokerage firms and speculators seeking quick profits, and by money managers who want to hedge their portfolios against losses in the stock...