Word: lateraling
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Dates: during 2000-2009
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...wasn't always a writer. When I went to college and majored in fine arts, I was a painter. Then I was a stay-at-home mom. Somewhere along the line, I realized that I liked telling stories, and I decided that I would try writing. Ten years later, I finally got a book published. It was hard. I had no skills. I knew nothing about the business of getting published. So I had to keep working...
Irving Fisher lives on in American economic history mainly as a laughingstock. He was, after all, the ninny who declared on Oct. 15, 1929, that stock prices had reached "what looks like a permanently high plateau." Two weeks later, stocks plunged off that plateau--not to return to their 1929 level for a quarter-century...
...tweaking the rational-market establishment. Shiller declared in 1984 that the logical leap from observing that markets were unpredictable to concluding that prices were right was "one of the most remarkable errors in the history of economic thought." Summers described how financial markets were often dominated by "idiots" (he later dubbed them "noise traders" and co-authored a series of academic papers showing how their errors could move prices) and lamented at the 1984 meeting of the American Finance Association that "virtually no mainstream research in the field of finance in the past decade has attempted to account...
...Peter L. Bernstein was 70 and had led a full life. An intelligence officer during World War II, he later taught economics, ran an investment firm and edited the wonky but influential Journal of Portfolio Management as a flood of new academic research transformed investing in the 1970s...
Military camo went mainstream after a hunting enthusiast named Jim Crumley used a Magic Marker to draw vertical tree-trunk lines on a few pairs of tie-dyed coats and pants in the late 1970s. A decade and two mortgages later, his patented "Trebark" design had gone from being featured in a few small ads in Bowhunter magazine to appearing in nearly every major outdoors catalog in the country. When Manuel Noriega, wearing Trebark gear, finally surrended to U.S. troops, Crumley reportedly toyed with the idea of using the Panamanian general in an ad campaign with the slogan "No wonder...