Word: leapings
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...prices of many of today's stocks are based not on their earnings, but on the perception that their potential earnings will make the equities themselves desirable commodities, whose price will keep rising as more investors make the same leap of faith. Value, in other words, is easily replaced by the perception (and in many cases the illusion) of value as the cause of a stock's rise. The stock market's heady ascent over the past five years was driven often by faith in the performance of equities on Wall Street rather than by faith in the potential...
LOOK BEFORE YOU LEAP. If you jump to a new insurer for a cheaper policy, don't cancel your old one for 59 days. That's how long the new insurer has to deny you coverage. And never let your policy lapse before getting a new one. That's a sure way to buy yourself a substantial rate increase-and a headache...
...Nomo's success?he was the 1995 National League Rookie of the Year and at week's end was 10 wins short of 100 for his major league career?led so many other pitchers to take the leap, that in 2000 Inow devised the current system of player "posting." Instead of losing talented players when they became free agents after nine seasons, Japanese clubs could now sell them to American teams...
...decade marriage to the President. Of the pair, he has always been the political animal. He persuaded a reluctant Megawati to enter politics in the first place, and wielded a powerful voice in the councils of her Indonesian Democratic Party of Struggle. But it is typical of the quantum leap his stature and influence have taken since Megawati became President a year ago that, though he is only an ordinary M.P., the President's husband is now "de facto chairman" of the party, says senior M.P. Haryanto Taslam. Controlling the largest party in the country's legislature has given Taufik...
...physics, a quantum leap means jumping to a higher level without ever stopping--indeed, without even traveling through--anywhere in between. In our ordinary understanding of things, that is impossible. In sports, it defines greatness...