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European bankers, who consider Martin the most prescient economic seer in the U.S., opened the week with a burst of sell orders. Small investors at first did little selling, but nobody did much buying, either. The pension funds, mutual funds and insurance companies -which account for about one-third of all trading-conspicuously sat on their millions and waited for stocks to fall still lower in hopes of scooping up bargains. At midweek individual investors began to unload; larger numbers of 100-share and 200-share transactions danced across the illuminated ticker tape in the stock exchange...

Author: /time Magazine | Title: The Economy: Where the Mood Means So Much | 6/18/1965 | See Source »

...Daring & Prescient. During the Depression, most of Harvard's funds were prudently invested in bonds rather than common stocks; when Cabot became treasurer 16 years ago, Harvard was worth $217 million. He talked the Harvard Corporation, of which he is an ex-officio member, into hiring an investment management firm to advise it. The corporation responded by choosing the State Street Research & Management Co., of which Cabot is a partner, but uprightly turned over the commission-rich buying and selling chores to some 100 independent brokers...

Author: /time Magazine | Title: Universities: Harvard's Midas | 4/16/1965 | See Source »

...expect 1964 to be a difficult year," admitted Pure Oil Co. President Robert L. Milligan recently. He was more prescient than he suspected. Last week Pure Oil's board faced the difficult question of what to do about an attempt by a group of celebrated outsiders to buy the 50-year-old company for a walloping $700 million. Milligan and his managers are understandably apprehensive. The mechanics of the transaction are intricate, and how many of Pure Oil's present managers would stay on is uncertain...

Author: /time Magazine | Title: Oil: A Lure for Pure | 7/3/1964 | See Source »

...reason why Hamilton has sometimes seemed so out of place in his own century, Rossiter believes, is that he was uniquely prescient in his notion of the nation's future needs. Hamilton was "the prophet of industrial America." He foresaw the reach of the Constitution's interstate commerce clause; and "aware that America might live forever in a world at war," Hamilton created "a theory of the war power that has never been matched for grandeur and realism...

Author: /time Magazine | Title: Books: A Prophet Revisited | 3/20/1964 | See Source »

...Truman fired General Douglas MacArthur, Pearson made a prescient speech that was all but ignored: "The days of relatively easy and automatic political relations with our neighbor are, I think, over." He was talking as much to Canadians as Americans, and urging a mutual realization that with a next-door view, Canada could speak up to-and for-U.S. leadership more usefully if its voice was more than merely an echo...

Author: /time Magazine | Title: Canada: A New Leader | 4/19/1963 | See Source »

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