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...Frank, who writes his Prudent Speculator in Santa Monica, Calif., took a turn slowly, slowly in the wind when his portfolio of recommended stocks dropped 50% in 1987. He recovered with a 49% gain last year, but the crowd may string him up yet again. "People think too much about the market," he tells his audience, comfortable in the subtle distinction that what he thinks about roughly 14 hours a day is companies, not market fluctuations. He espouses the solid, old-fashioned idea of buying good companies cheap and sticking with them long-term, with the added fillip of using...

Author: /time Magazine | Title: Las Vegas, Nevada Stock Tips and Slot Machines | 5/8/1989 | See Source »

Harlem is certainly not a harmless place for residents or itinerants, but neither is it the city's worst crime area. In any case, fear is no excuse for missing out on Harlem's cultural and historical bounty. Prudent visitors, black or white, can ride a tour bus or a subway uptown during the day, drive or call for a cab at night, stroll with a worthy purpose on a Sunday-go-to- meeting afternoon. They will feel as comfortable on Amateur Night, with its superefficient security staff, as they would at Carnegie Hall. They will be made as welcome...

Author: /time Magazine | Title: Travel: Welcome To New Harlem! | 4/24/1989 | See Source »

...originator of the film noir genre and a technical pioneer whose influence can be detected in dozens of films. He even notes that the Mexican novelist Carlos Fuentes has acknowledged that the structure of his book The Death of Artemio Cruz was lifted from Citizen Kane. But Brady is prudent about using the word genius, an encomium more freely handed out at Academy Award gatherings than at Nobel Prize ceremonies...

Author: /time Magazine | Title: Books: Getting to The False Bottom | 4/24/1989 | See Source »

...Bush Administration seems eager to play down the importance of Gorbachev himself. It is only prudent, of course, to hedge against the possibility of Gorbachev's demise. But the Administration risks going too far in assuming, imprudently, that favorable trends in Soviet domestic and foreign policy are irreversible -- no matter who the General Secretary is -- and not far enough in taking advantage of the immediate opportunities that Gorbachev himself represents. For example, his willingness to trim Soviet military muscle might give the U.S. a welcome chance to rethink some of its own more expensive superweapons...

Author: /time Magazine | Title: America Abroad the Need for New Thinking | 4/10/1989 | See Source »

...bloodletting, for atrocities and cruelties with all the 'ancient attributes': tyranny, the iron fist, a threatening master, army order. Already from every quarter appeals are heard to curtail Ogonyok editor Vitali Korotich; he irritates them more than anything else, and now the hosts of the 'loyal and prudent' are marching on him . . . No matter what those who are optimistic about perestroika say to you -- the situation is very grave, and it's a dreadful time to live, an enormous stock of malice has accumulated, oceans of worthless money, the fury of poverty, hunger and homelessness, of ethnic hostility and contempt...

Author: /time Magazine | Title: Essay: Would I Move Back? | 4/10/1989 | See Source »

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