Word: stockings
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Dates: during 1980-1989
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...then as an accountant. "My father always considered him a ne'er-do-well," claims his estranged sister-in-law. But once the restless 29-year-old Boesky arrived on Wall Street in 1966, he would never again be indifferent. He was taken with a specialized form of stock speculation called risk arbitrage. It was a sleepy game then, but Boesky learned to play it with such daring and ruthlessness that he horrified the old hands. Who was this scary overachiever, this Russian revolutionary in their midst? "Ivan the Terrible," they called...
...real estate tycoon. After Boesky had made several stabs at starting a career, the young couple decided to move to New York City, where Silberstein set them up in a Park Avenue apartment. Boesky found a calling at last on Wall Street, where he landed a job as a stock analyst at the L.F. Rothschild investment firm. In 1975, when Boesky started his first arbitrage firm with $700,000 in capital, the Silberstein fortune helped bankroll...
Arbitrage used to mean the practice of profiting from the difference between the buying and selling price of stocks. But in the last several years a much more glamorous and speculative form has emerged, known as "risk arbitrage." Stock is still bought and sold, but the trend is to concentrate on companies undergoing some sort of restructing--for example, a merger or acquisition. In essence, it is a short term, high risk gamble that change will occur and hence influence the price of stock...
...Cotton Swab: How the invention of useless health items can lead to the making of millions, and why owning stock in the idea is even better...
...directed batteries of lawyers and financial detectives to sniff out possible outcomes and hurdles in takeover deals. Usually standing rather than sitting at his desk, he worked 18-hour days behind a 300-line telephone bank. He cultivated the image of a man who lived and breathed only for stock deals, sleeping little, hardly seeming to eat, and apparently subsisting largely on gallons of black coffee...