Word: oversold
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...dropped out and returned to New York. He joined Andre Harrell's Uptown Records, where he rose rapidly from intern to vice president, launching Bad Boy there in 1991. Combs' greatest debacle still dogs him: a disastrous stampede that year in which nine people died at an oversold party he promoted with the rapper Heavy D. Last month a judge found that both men and New York's City College, the host of the event, shared responsibility for the deaths, although the finding carries no penalties or damages...
There are skeptics. Stephen Roach, chief global economist at Morgan Stanley Dean Witter, suspects that e-commerce is being oversold, though he admits it's growing rapidly. "I question if it'll ever be big." He is right when he notes that e-commerce is no more than 1% of the U.S.'s $8.5 trillion economy; in fact, consumer online sales now account for only .2% of total retail. And e-commerce, Roach argues, is hardly on a par with the Industrial Revolution. "This is an intangible cerebral revolution, which is a lot harder to pull...
Some welfare experts fear that Welfare to Work is being oversold. Peter Edelman, who quit as Clinton's Assistant Secretary of Health and Human Services in 1996 because he believed welfare reform was too drastic, grumbles that these programs "are still taking [people] off the top of the deck" and that many of the hardest-to-place welfare recipients are being pushed off the rolls without having much chance of entering the work force. He is concerned that companies will drop their welfare-to-work hires when the economy slumps and workers become cheaper and more plentiful. "These people...
Stories about AIDS research these days tend to fall into one of three categories: promising treatments, oversold developments or elegant science. This one has elegance written all over it and a rather striking picture to boot. A team of researchers led by scientists at the Dana-Farber Cancer Institute in Boston and Columbia University in New York City reported last week that they had for the first time deciphered the three-dimensional structure of a key portion of the AIDS virus. Their results, which are likely to be the topic of much discussion at the 12th World AIDS Conference...
...have this advice: If you want to compete against me and other pros in short-term trading, quit your day job and really get in the game. Otherwise, focus on researching long-term investments. Track strong businesses that you've researched, and wait for their stocks to be oversold by traders overreacting to some short-term setback. I saw two good examples just last week: Eli Lilly and Xerox. (Full disclosure: I'm long on both stocks.) Here you can beat me and the market. You can take a longer view--not least because you don't have to report...