Word: tulips
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...site of a nearby battle, Louis XIII was first produced in 1874 by Paul-Emile Rémy Martin, the founder's great-great grandson. Standing in a Domaine du Grollet cellar, dank with the heady aroma of the tierçons and the cognac, I hold a tulip glass of Louis XIII and prepare myself for this rare tasting opportunity. "Don't merely take a first sip," Géré tells me. "Instead, try to crush that first drop on your teeth." So how does century-old cognac taste? Well, like the 20th century itself: complex. Even...
...Beijing may have good reason to apply the brakes. In frothy markets, investors tend to form unrealistic expectations about companies' prospects because they buy into an ill-founded theme, whether it be consumer demand for tulip bulbs or, in this case, the notion that China's economic growth is boundless. David Webb, an independent investor based in Hong Kong, says that's what's happening with many China stocks. "Once you get past the hubbub, the fundamentals behind these prices just aren't there," Webb says...
Neither could Dutch tulip-bulb speculators in the mid-1600s nor American day traders in the dotcom boom of the late 1990s nor even Chinese investors in the early 2000s. The history of investing demonstrates that there is no faith stronger than that of newbies plunging into a molten market. And that certainly describes China today. Emboldened by last year's 130% rise in the Shanghai Composite Index--which made Shanghai one of the best-performing exchanges in the world--first-time punters like Du have been storming into Chinese stocks, ending the market's five-year slump...
Beijing may have good reason to apply the brakes. In frothy markets, investors tend to form unrealistic expectations. They buy into an ill-founded theme, whether it's about future demand for tulip bulbs or, in this case, the notion that China's economic growth is boundless. David Webb, an independent investor based in Hong Kong, says that this is what's happening with many China stocks. "Once you get past the hubbub, the fundamentals behind these prices just aren't there," he notes...
...best worn short and swingy and in some tangy, Day-Glo color like cherry red or peony pink. There is the very short hemline, terrifying for anyone over the age of 30. And there's volume, which seems to appear most frequently as a kind of upside-down tulip skirt or a big puff sleeve...