Word: marte
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...even if you don't beat the market, odds are that any sensible collection of stocks will beat inflation and Treasury bonds over a long period. But don't bank on 25% or 30% a year when the long-term market average is only 11%. And buying Wal-Mart just because the parking lot is full has become a quaint cliche. It might have worked for Peter Lynch in the '80s. But the Beardstown batch tried it in the '90s and discovered yet another recipe--the one for crow...
Meantime, employers fearing lawsuits are stopping harassment before it starts. Some, like General Motors and Wal-Mart, have instituted zero-tolerance policies banning just about any speech or conduct with sexual undertones, like sending E-mail with a naughty Web address to a co-worker, which not so long ago would have been deemed not just harmless but constitutionally protected. While it's rare for nonthreatening behavior to be ruled harassment, it happens. In 1993 the University of Nebraska forced a grad student to remove from his desk a picture of his bikini-clad wife after two fellow students complained...
...Oscar Wilde, there would be no auction this week of the private property of the Duke and Duchess of Windsor, or any such event. Writing a sonnet in 1895, "On the Sale by Auction" of John Keats' love letters to Fanny Brawne, Wilde compared the "brawlers of the auction mart" to the Roman soldiers who tossed dice for the garments of Jesus...
Marjorie Alfus, a former K-Mart executive and the C200 member spearheading the project, hopes to have the first case study ready next fall, and over 100 in circulation within five years...
Look for some blue-chip companies to step up next. Who might make the bold move? Among the giants, companies like Wal-Mart, Disney and Home Depot are good candidates. They are fast growing and pay woefully small dividends anyway. Disney, for example, has the lowest dividend yield of the 30 companies in the Dow, at 0.55%. You couldn't feed a mouse on that...