Word: morgan
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...value the first year on the road and an additional 10% every year following. A set of tires costs $5,000, and a wash-and-wax job runs about $360. On average a bus travels about seven miles on a gallon of diesel fuel. To paraphrase J.P. Morgan on the subject of yachts, if you have to ask which way fuel prices are headed, you can't afford...
...There are all kinds of unforeseeable and unintended consequences of what's going on," says Barton Biggs, chief global strategist at Morgan Stanley Dean Witter. He's especially dour on the economy, saying corporate earnings will fall 20% this year and that before it's all over we will have a full-fledged recession with bouts of Japanese-style deflation. He's less worried about the stock market, though, believing a rally is imminent. (For more on his bearish view, see Personal Time: Your Money...
...dips mentality that prevailed through the '90s. That mentality is in the process of getting crushed. We've moved from buying dips to just holding on. What comes next is "'Omigod, the stock market is risky,'" which is when people get out, says Nicholas Sargen, strategist at J.P. Morgan Private Client. That level of despair would probably signal a bottom. The theory is that when everyone has given up, there are no more sellers--only buyers...
...Graham has got a deep commitment to protecting the environment, but in a cost-efficient way," said Granger Morgan '63, who was Graham's PhD. advisor at Carnegie Mellon University. "Graham is conservative-bent, inclined towards heavy use of cost-benfit analysis and promoting market-based solutions...
...Morgan remembers one occasion when, "after a particularly exhausting meeting at the center, John whipped out Red Sox tickets for the entire committee...