Word: poorly
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...Point taken. So in a poor economy, where should investors be putting their money? What is likely to flourish? I am still very leery of the financials or anything remotely connected to U.S. consumer discretionary activity. I think that we are in a new paradigm of frugality that is widespread geographically and across income strata. It's not a cyclical theme but a secular theme. I want to be situated in areas of the market that don't have a lot of cyclicality in terms of consumer spending - or capital spending, for that matter. I favor staples stocks (food, beverage...
Though Franklin’s keen mind might immediately produce an aphorism from Poor Richard’s Almanac on the collapse of Wall Street in October, one of the other guests lingering at the table might be left utterly befuddled by the cataclysmic events of our time. Adam Smith, founder of free market economics, might query his own writings from The Wealth of Nations regarding government intervention in capitalism. When asked by the waiter for his order, the eccentric Smith replies with a knowing smile: perseverance. But it is plausible that the confusion of our economic meltdown would lead...
...learned that no matter how crackpot or distant a goal may seem, taking the first step toward realizing it always feels right. At Harvard, I’ve often found that many things that may seem like poor choices or wastes of time on a résumé—leaving for a semester to study abroad, starting to play guitar, taking computer programming, not participating in e-recruiting—were unquestionably the right choices for me and have actually helped make me the person who I want to be. I came into Harvard not used...
...came from a poor family, and to come from a poor family, you can’t go back,” said Olson, who identified with Falcone because of their common blue collar, Minnesota roots. “Because of that, he had the drive to succeed...He said something like, ‘I can always pump gas back in Chisholm...
...corrugated hills outside. "In Chongqing, the transportation system and so on are quite developed," says Shen Xiaozhong, deputy director of the city's office of the National Reform and Development Commission. "But go out 30 km from the city - not that far - and the conditions are still pretty poor." Truth to tell, they're bad enough in parts of the city itself, where legions of "stick stick" men line the sidewalks hoping to earn a few dollars carrying goods up the town's steep hillsides, reminding all who see them of China's lingering poverty...