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...that of almost everyone else. With oil trading at about $65 per bbl., fears abound that a further rise will hobble consumer spending and doom the global economy to recession. Yet Value Trust's latest report showed that the fund still doesn't own a single oil and gas stock because Miller, never one to run with the herd, expects oil prices to tumble...

Author: /time Magazine | Title: Investing: Bill's Bad Bet | 10/9/2005 | See Source »

...prices fall, easing pressure on the economy, Miller expects the somnolent stock market to revive. Among the companies he thinks will benefit are banking behemoths like J.P. Morgan Chase and Citigroup. He's also wagering that Internet company Expedia will profit from increased online travel bookings and that other consumer plays, like Sears Holdings and Home Depot, will rebound as concerns over high fuel costs fade...

Author: /time Magazine | Title: Investing: Bill's Bad Bet | 10/9/2005 | See Source »

...called "disciplined pizazz"--a program to bring a focus on efficiency to the company's business operations without sacrificing its character. The imperious Schrempp, by contrast, continued to lurch from crisis to crisis until the Daimler board showed him the exit, three years before his contract expired. DaimlerChrysler stock soared about 10% on the news. The change of leadership "dramatically alters investor perceptions," said Merrill's London-based auto analyst Stephen Reitman, who upgraded the stock to neutral...

Author: /time Magazine | Title: Autos: Can Mercedes Be a Star Again? | 10/9/2005 | See Source »

America's return to the cocktail--industry-wide sales of hard liquor are up about 8%--also bodes well for Pernod. Investors are certainly drinking it in; since the acquisition, the company's stock price has spiked 38%. But before the celebratory champagne is all gone, Pringuet is confident "something will happen soon" in the trend of consolidation. The industry is looking to a Bacardi and Brown-Forman merger as the probable next big deal, but one thing is clear: the Continental gorillas at Pernod Ricard are thirsty...

Author: /time Magazine | Title: Deals: In High Spirits | 10/9/2005 | See Source »

...think of no better way to close this article than to recommend that you undertake the composition of an ethical will. No matter how old you are, it will make you take stock of your life experience and distill from it the values and wisdom you have gained. You can then put the document aside, read it over as the years pass and revise it from time to time as you see fit. It can be a wonderful gift to leave to your family at the end of your life, but I think its primary importance is what...

Author: /time Magazine | Title: Aging Naturally | 10/9/2005 | See Source »

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