Word: loss
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...after the crash, most of those preferred shares seemed so cheap that Graham couldn't bear to part with them, he wrote in his memoirs. They kept falling, and his profit soon turned to a loss. His fund (equivalent to a modern hedge fund) ended the year down 20%. In 1930 it dropped 50.5%; in 1931 16%; in 1932 3%. "The stock market," as Graham resignedly put it in the first edition of his book with David Dodd, Security Analysis (1934), "is a voting machine rather than weighing machine...
Finally someone has recognized why we elect our Presidents based on primitive emotions and not reasoned discourse [Oct. 20]. After 50 years of voting for both Democratic and Republican Presidents, in 2004 I watched dumbfounded as Ohio, which had suffered the loss of tens of thousands of manufacturing jobs, voted Bush back into office to pursue four more years of vanity, Constitution-shredding and a high-school-level understanding of geopolitics. It was then that I realized that presidential elections are more about biology than intellect. All Karl Rove had to do was present George W. Bush as the alpha...
...although—SPOILER ALERT—if you read my picks you’ll realize that they’re really not.As for the rest of the conference, its best team (Harvard) gets equal billing with one of its worst (Princeton). Yale, which has had some odd losses but is still probably a top-three program, is on par with Cornell, which has showed its true colors of late with a pair of consecutive blowout losses after starting 3-0. Finally, and worst of all, first place is shared by a Brown team—that was pounded...
...Erica Cornejo was a wispy, lithe Cinderella. Cornejo is a recent import from American Ballet Theatre (ABT), where she received top billing dancing the part of the bespectacled, uncoordinated, and hysterical “other” step-sister two years ago. What was New York’s loss is Boston’s gain: her extraordinary, larger-than-life jump and passionate, explosive movement as Cinderella here is breath-taking. With one step she consumes the whole stage, and you need not hold your breath as she executes a series of turns with incredible speed and force (with...
...held each fall. With his wins yesterday, Clayton has secured himself a spot both in the singles and doubles events at Nationals. In the process, Clayton erased sour memories of his poor performance last week at the D’Novo ITA All-American Tournament and his quarter-final loss at the Northeast Regionals last year. In the finals of the singles event, Clayton played through cramps to defeat Columbia’s Bogdan Borta, the seventh seed in the tournament. Down 5-1 in the first set, Clayton succeeded in breaking back twice and forced Borta into a tiebreak...