Word: marketeers
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Dates: during 1990-1999
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...Harris, 47, a homemaker in Stanton, Calif., came up with a market-based proposition: she would pay drug addicts $200 to get sterilized or take long-term birth control. Since November 1997, Harris' nonprofit organization, Children Requiring a Caring Kommunity, has paid 61 women to follow her program: 44 had their tubes tied; the remainder took time-release birth-control drugs. Before they signed up, Harris says, the women acknowledged having experienced a total of 446 pregnancies, of which 169 were aborted. Twenty-three of their children were stillborn, 22 died later, and 185 were placed in foster care...
...Especially popular on both coasts, Vespas are a favored toy of such celebrities as Ellen DeGeneres (girlfriend Anne Heche gave her one) and Jerry Seinfeld (who paid some $10,000 for his rare 1962 Grand Sport). So popular have they become that Piagio plans to return to the U.S. market with environmentally compliant Vespas in 2000. "This is the year for scooters," says Erik Larson of the Scooter Shop in Orange, Calif., one of only about 20 shops in the U.S. that restore and sell the bikes. "I can't keep them on the floor...
...tell them apart. As the New York Times stated so ineloquently in its umpteenth article lumping together these diametrically opposed camps, they are both part of the "do-it-yourself craze" that is causing people to lose millions and millions of dollars every day wagering on the stock market...
Investing by yourself has its disadvantages. It is a solitary experience involving a subject--the market--that can be bizarre and irrational at times. Yet judging from the swollen ranks of practitioners, many people genuinely like it. They treat the stock market like a giant store, picking out their favorite merchandise, the Intels and the Ciscos, and buying when the market throws a periodic sale. They use weakness--the dips--to buy, and this has been the single best investment strategy for a decade...
...media do a disservice to those who devote time and energy enough to research and pick stocks themselves to castigate them as gamblers. These are precisely the people who have racked up the best returns in this bull market. And we lend too much of a veneer of professionalism to those who would gamble away life savings on random, short-term moves. Let's stop confusing these two contingents before we scare those who have the confidence and skills to be their own adviser and embolden those who should know better than to bet instead of invest...