Word: short
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Dates: during 1960-1969
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...surprising degree, the institutional managers are men in their 30s and early 40s, and they are changing many of the old rules with new attitudes. Instead of aiming to preserve capital or achieve steady dividends, they are confidently committed to a cult of growth. In their search for short-term gain, many are taking longer risks for larger profits, trading in and out for the quick turn...
...just about the same as during the late 1966 decline and the early 1967 rise: there are uncertainties about military and monetary problems abroad, about inflation and taxes and urban problems at home. And the economy continues to climb. As the market responds to tips and touts with short-term flutters, it continues to perform over the longer term with a certain consistency. If history is any guide, stocks will rise and fall along with three fundamental factors: 1) the overall health of the economy, 2) the state of corporate profits, and 3) the availability and cost of money. Investors...
...High-income individuals would not do quite so well because they would have to pay income taxes on their short-term profits. Mutual funds pay taxes, but most pension funds and profit-sharing funds do not. Their members pay capital-gains taxes on their profits, but only when they collect their share of the funds...
...adaptation of John Steinbeck's Of Mice and Men. But what were they thinking about when they signed Britain's classical actor Nicol Williamson to play Lennie, the hulking, simple-minded American farm hand? That seemed a little like casting David Niven as Quasimodo. Well, in short, Williamson was an extraordinary Lennie. Of the trio of Britons who dominated the tube last week, his performance was the most remarkable. Bug-eyed and slackjawed, gangly and gawky, stammering and shuffling, he gave touching insight to his credo, "I got you and you got me." George Segal as George...
...liberal arts and down playing the techniques of the trade. In most undergraduate schools, only 25% of the course requirements are in actual journalism, and that percentage is decreasing even further at some schools. "The four years of college," says Robert Beyers of Stanford University, "is such a short time to acquire an education that it should not be devoted to learning skills which can easily be acquired outside the classroom...