Word: turning
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Dates: during 1980-1989
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...Frank, who writes his Prudent Speculator in Santa Monica, Calif., took a turn slowly, slowly in the wind when his portfolio of recommended stocks dropped 50% in 1987. He recovered with a 49% gain last year, but the crowd may string him up yet again. "People think too much about the market," he tells his audience, comfortable in the subtle distinction that what he thinks about roughly 14 hours a day is companies, not market fluctuations. He espouses the solid, old-fashioned idea of buying good companies cheap and sticking with them long-term, with the added fillip of using...
...Caribbean may be caused by an unknown butterfly flapping its , wings six months earlier somewhere in Brazil, and that, by analogy, there are no hidden imams because it's all too complicated to figure out. They listen for reliable word of when the market's going to turn (this is what people really want from newsletters, says an editor, the chance to pat a neighbor on the back and say, "I got out, you poor slob"). They listen for the sound of butterfly wings flapping...
...elections, including the Soviet Union and Poland, Panama is not," says Richard Lugar, a member of the Senate Foreign Relations Committee. "You need to make Noriega pay." To show its disapproval, the U.S. could restrict visas issued to pro-Noriega Panamanians, refuse to recognize the newly seated government, and turn away any ambassador sent to Washington by the Duque administration. The Administration wants to tighten sanctions, but further economic deterioration might fuel an anti-U.S. backlash. "When have economic sanctions ever toppled a regime?" asks Ambler Moss, a former U.S. Ambassador to Panama...
...aperitif, bemused diners can enjoy a seminar in progress. On view in the glassed-in kitchen, a dozen nervous young chefs in tall toques bump into one another as they peel, poach and broil their way through the evening. At times it may seem that the students will never turn out a sumptuous meal, but fine dishes ranging from chilled duck borscht with ginger and melon to apricot mousse arrive on time, borne by hesitant student waiters...
...Modern Painters: "A taint and stain, and jarring discord . . . marked sensuality and impurity." In 1895 Romain Rolland downed him: "He was able to deceive two entire centuries . . . Guido's laborious conscientiousness is void of thought and true feeling." Two years later, Bernard Berenson wrung his neck: "We turn away from Guido Reni with disgust unspeakable." And it was downhill from there; in 1910 one of his versions of Bacchus and Ariadne sold at Christie's for just under (pounds)10, a fraction of its auction price 60 years before. The nadir was in the late '50s, when you could...