Word: investors
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Dates: during 1990-1999
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...enormous amount of arrogance, of easy money made by people who are extraordinarily arrogant about the real world and how difficult it is to build and sustain a business," he says. He likens Internet companies to "slot machines that pay off again and again. If I was an investor, I'd be corrupted by it to some degree as well...
...strong and foreign economies are weak, as now. And small companies are ripe for a wave of premium-priced takeovers by big companies using their stratospheric stock prices as currency. Some foreign markets also look attractive. These conditions have been in place for a while; patience is the value investor's cross to carry. Dow 10,000 probably won't alter many investing habits. But that big number has me thinking small...
...What did Farnsworth exclaim? "There you are," said Phil, "electronic television." Later that evening, he wrote in his laboratory journal: "The received line picture was evident this time." Not very catchy for a climactic scene in a movie. Perhaps we could use the telegram George Everson sent to another investor: "The damned thing works...
...sterilization capabilities and other positive qualities. These products have a superlative 40-year record of safe and effective use in the health-care industry. Nor is Abbott a "PVC maker." Abbott Laboratories fabricates safe, government-approved health-care products using pvc materials manufactured elsewhere. CATHERINE V. BABINGTON Vice President, Investor Relations and Public Affairs Abbott Laboratories Abbott Park...
...Buffett, the fabled investor and CEO of Berkshire Hathaway, refuses to split Berkshire's A shares, which traded last Friday for $72,500 each. If stock splits add lasting value to a company, as today's fervor suggests, it's a wonder that Buffett is held in such high regard. His reputation, though, wasn't built by pandering to passing fads...