Word: make
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Dates: during 1950-1959
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...volume. But the only charts he keeps are in his head. He studies the weekly stock tables in Barren's, receives a nightly wire from his broker giving the high, low and closing of stocks he is following, as well as the Dow-Jones averages. When a stock makes a good advance on strong volume, he begins watching it, buys when he feels that informed buyers are getting in. For example, when he was playing in Calcutta, he noticed E. L. Bruce moving up in the stock tables. Suddenly, on 35,000 shares it moved from...
...same time, he places a stop-loss sell order just below his buy order, so that if the stock does not move straight up after he buys, he will be sold out and his loss cut. "I have no ego in the stock market," he says. "If I make a mistake I admit it immediately and get out fast." Darvas thinks his system is the height of conservatism. Says he: "If you could play roulette with the assurance that whenever you bet $100 you could get out for $98 if you lost your bet, wouldn't you call that...
...engineering. After several years at other companies, he arrived at Pontiac, as a menial "tool chaser." He tried everything, just so it added another bit of experience: defense plant chief inspector, car-assem bly superintendent, assistant master mechanic, boss of a new "process develop-ment" section searching to make prod- ucts more efficiently. Says Knudsen: "As long as you're interested enough to take any job that comes along, you'll find something worthwhile to do, and it usually turns out to be a better job than the last one." By the time...
...teenagers would shout, 'Cool, man, real cool.'" The 1957 Pontiac was only 30 days from pilot production, just 60 days from volume production. Walking around the car, Knudsen announced abruptly: "Let's take the silver streaks off. That's the biggest change we can make." The stylists were shocked. They reminded the new boss that Big Bill Knudsen himself was the onec who introduced the streaks, in 1935. But off they went, the first move to face-lift grandma...
...reorganized the division (retirements and transfers were encouraged, "and we did some firing too," says Knudsen) and set out to redesign the Pontiac from the wheels up-and out-aiming to make it real cool by this year. His biggest change was to widen the car by 2^ in. and push the wheels out as well. The effect was spectacular. The car not only looked flashy, but also the wide-track wheels gave better balance and road ability. Equally important, says Knudsen, "it gives people something to talk about. They can see it and they can understand it." Where...