Word: knowns
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Dates: during 1990-1999
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This might be the year that the rest of us got smarter than Warren Buffett. America's best-known investing whiz runs Berkshire Hathaway, pals around with Bill Gates and famously shuns tech stocks. Yet tech stocks, the day traders' favorite food, have sustained the market, while Berkshire's A-class stock is down 19% and headed for its first losing year since 1990. By the end of last week, when stocks in general were bruised by fears of inflation and mixed earnings reports, the company had lost $20 billion of market value...
...wish I could tell you that in my business I am known as Mr. October, like some sort of stock-market Reggie Jackson who steps up to the plate to trade while others quake and shiver. But I'm not. I took an intentional walk. We sold a hefty amount of stock going into the month, raising cash to 50%, an abnormally high level for my hedge fund. As stocks have come down, I have reapplied that money to the market in a gingerly fashion. But the bulk of our spare cash is quietly benched in the bond market, waiting...
Doctors have long known that lung cancer, which kills 160,000 Americans each year, takes a heavier toll among black Americans, particularly black men, than among whites. In part that's because 34% of black men in the U.S. smoke cigarettes, compared with 28% of white men. (Black women tend to smoke less than white women.) It also has to do with differences in income and access to medical care. But there has always been a lingering suspicion that some of the gap might be due to either overt or subconscious discrimination. A study in last week's New England...
...informative analysis of the recent spate of fictionalized memoirs [ESSAY, Oct. 4], Charles Krauthammer bewails "how far we've come in bending the notion of historical truth." One cannot help wondering why he did not mention the four most widely known examples of apologetically inspired fictionalization: the canonical Gospels. Krauthammer's examples of "brazen confabulators who make up their histories and the slavish academics who justify them" are simply following the examples of the ancient Evangelists and the modern Evangelicals. What goes around comes around. THOMAS W. HALL JR. Foster...
...there is almost a tenderness in evidence among many of the students, maybe less goading and cruelty than people have come to expect from this age, there are a couple of possible reasons. Many of these kids have known one another since grade school, and grown up in a tolerant time. Maybe Columbine taught them something. Maybe small-town, Midwestern kids are just nicer...