Word: tells
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...loyalty from its disparate subjects. The altars of Byzantine churches, for example, were hidden by huge screens decorated with icons of saints and martyrs that, while huge and impressive, are also as inexpressive as a child's doll. Without realistic human features or vivid detail through which to tell their stories, these icons demand that viewers use imagination to grasp the lives of the dead. The icons' elusiveness, in other words, allows for a stronger spiritual connection...
...said that this current market crisis isn't necessarily a black swan event. People did see this coming.It is a white swan, but very few people saw it coming, I guarantee. Nobody saw the real cost. And let me tell you the problem. The system used to analyze risk is completely defective, and actually could not keep up with the complexity of the financial products that are involved. You have what I call a geometric or exponential increase in risks. For example, if the market drops 10% you lose $100 million. But if the market drops...
...bogus claims have been made by the financial economics establishment, based on metrics that we know don't work, and a lot of portfolios are based on these underestimations of wild uncertainty. The coverage is adequate now - it's not adequate on a regular day when people just tell you the market went up one point and they give you a reason. But today we have problems. The public needs to know. But amid all this, your company is doing quite well.The only important thing about it is that I protected my clients. I offer a protection package...
...that you could really tell in the United States. Sure, there was a bit of a credit-market scare in the latter half of 1998. But on balance, the impact on the U.S. economy was positive - as the emerging market troubles sent commodity prices down and capital flowed to the relative safety of Wall Street. Real GDP grew 4.2% that year...
...introspective portrait. And the gratuitous inclusion of the time Bush choked on a pretzel? We get it, Mr. Stone: Bush is a goofy guy, lacking the gravitas one normally expects of a president. As Bush himself would say, “Mission accomplished.” Now can you tell us something we didn’t know...