Word: tepidity
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...million shareholders fidgeted as the fund returned just 2.4% on an annualized basis in the first four months of 1996, while the Standard & Poor's index of 500 stocks, the gauge by which mutual-fund managers are measured, returned 6.9%. Worse, at the end of April the tepid showing had caused Magellan's average growth over three years to trail that of the S&P 500 for the first time in Vinik's tenure. "If you lag behind the index over three years, you can expect to be out of there soon," says Jack Bowers, who edits the Fidelity Monitor...
...seems unlikely to jump-start a Bradley steamroller. Ever the gentleman, he writes about his Senate colleagues so blandly that even North Carolina's Jesse Helms, a bitter ideological foe, gets praised for being "courtly." Bradley is fiercely proud of his German and Scotch-Irish forebears, but in his tepid prose they come across as proto-suburbanites rather than daring pioneers...
Bagley felt that the tepid response was at least partly due to a general lack of spirit...
This time, for a change, Dole avoids what he calls the "process things," the recitation of supportive polls, the list of impressive endorsements from local pols and the observation that "it feels different this time, it feels good." The reception is familiar: tepid applause from an audience that seems resigned rather than enthusiastic. Collectively, they seem to have concluded, "It looks like he's our guy, and we don't want Clinton, so we'd better get used...
Whenever possible I hung out with Robert Levy,who lived downstairs from me, a sure bet forcigarettes and good company. Robert was a transferfrom Oberlin and a die-hard New Yorker, whosestriking looks and blase attitude suggested bothintense individuality and worldliness. He appearedoddly out of step in the tepid drama of NorthHouse, as if he was there only because he'dauditioned for the wrong play. He was also asmiserable as I back then. With Robert, there wasno need for bravado. Eventually, though, Robertmoved off-campus, and I managed to transfer toLeverett House...