Word: tsai
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...alchemists of the mid-1960s were the managers of the highly speculative go-go mutual funds, which leaped in value during those racy days. There was no more celebrated stock picker than Shanghai-born, Boston-educated Gerald Tsai Jr., who pondered the charts, played his hunches and took long shots-many of which paid off. Time and the market have not been kind to Tsai. Last week, after several losing years, he quit as president of Tsai Management & Research Corp., which he founded...
...Tsai began generating attention in the early '60s by his success as a quick in-and-out stock trader and portfolio manager with Boston's Fidelity group of funds. He went to New York City to start Tsai Management and the Manhattan Fund. The fund was virtually an overnight success. The initial offering was planned for $25 million, but was so greatly oversubscribed that $247 million in shares were sold. Two years later, the CNA Financial Corp. (formerly Continental National American Corp.), a financial-insurance-housing conglomerate, agreed to buy out Tsai Management-88% owned by Tsai...
Almost immediately, the market began to plunge, and Tsai's portfolios did worse than more conservative funds. He took a drubbing on such unfortunate investments as National Student Marketing, Parvin-Dohrmann and Four Seasons Nursing Centers of America, Inc. Anyone who bought 100 shares of Manhattan Fund for $1,000 at its 1966 offering would have been left with about half that last week, not counting dividends. Tsai was to some extent merely unlucky, but he was also unwise to use his freewheeling investment strategies in the uncertain market of the past few years...
...plate. This base vibrates at 30 cycles per second; the rods flex rapidly, in harmonic curves. Set in a dark room, they are lit by strobes. The pulse of the flashing lights varies-they are connected to sound and proximity sensors. The result is that when one approaches a Tsai or makes a noise in its vicinity, the thing responds. The rods appear to move; there is a shimmering, a flashing, an eerie ballet of metal, whose apparent movements range from stillness to jittering, and back to a slow, indescribably sensuous undulation...
...seems appropriate that the origins of Tsai's art lie in an experience of nature. One day in 1965 in a New Hampshire wood, Tsai spent hours watching the sun flickering through the wind-stirred trees. "Then I realized that this could go into sculpture. I was interested in vibration already - but theoretically. It all came together that day in the woods." His working method is intuitive; one sculpture had to be remade 21 times before its movement was right. But the result justifies the effort. Tsai's work is free from the determinism and obtrusive simplicity...