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...funds ?were largely responsible for the dazzling but dangerous cult of "performance." This notion, which began taking root in 1965, was that aggressive institutions could wring more profit from a rising market by swinging in and out of glamour issues than by holding on to solid stocks. Trading volume???and brokers' profits?rocketed. Go-go funds made great leaps, and even some staid trust officers in banks joined the stampede to buy and sell. According to a study released last week by the Twentieth Century Fund, the trading policies of mutual funds contributed to "excessive" price swings among small...

Author: /time Magazine | Title: Business: Change and Turmoil on Wall Street | 8/24/1970 | See Source »

...Williams, graduate of Boston University and Harvard (M. A., 1909), onetime principal of several Massachusetts high schools, teacher at Groton two years ago, had sold him two books which he thought came from the Library. To Mr. Williams' home went police and Library officials. They found many a scholarly volume???history, astrology, art, economics, biology?many, they said, with library marks, some partially deleted, some completely visible. He denied any theft, said he was a booklover, had bought books from a former classmate whose name he did not rightly remember. Mrs. Williams wept. When photographers came, Booklover Williams muttered: "This...

Author: /time Magazine | Title: Education: Cane Juice | 10/26/1931 | See Source »

...Devildom and leaves his subject naked as a pair of tongs: "A sorcerer (or witch) is one who by commerce with the Devil has a full intention of attaining his own ends." Never mind the magic, what did the witches and sorcerers indisputably do? Their deeds fill this bulky volume???with a bedlam of blasphemy, with a scourge of poisoning, kidnaping and organized crime that swept Europe, with an orgy of self indulgence that reduced the witch and the sorcerer themselves, in some cases, to pitiable lunacy...

Author: /time Magazine | Title: Books: Fiction: Jan. 31, 1927 | 1/31/1927 | See Source »

...weapons of that spiritual war fill the rest of the volume???nine armories of selections?the collected best of his work. A collected edition is often apt to prove either an unfortunately top-heavy monument or a comfortable wheel-chair for a dying reputation. This is neither. Doubtless the work is uneven ? some of the branches on the tree are dead and others stunted ? of what collected works could that not be said ? But, on the whole, the volume displays a force and beauty truly of our own blood and earth, no longer merely in promise...

Author: /time Magazine | Title: Collected Poems | 7/9/1923 | See Source »

...University in Print"?350 small books, bound in heavy card cover stock, to sell at present for 5 cents the volume???is truly remarkable. The typography is not like that of the Oxford Press, but it is legible. The paper is fair. And the books themselves, in general, are unimpeachable, for they include many of the best known classics. On most of them, of course, the author's copyright has expired, so Mr. Haldeman-Julius does not have to bother about paying royalties. At this very moment he has three million of these books in stock...

Author: /time Magazine | Title: A German Classic-- | 6/4/1923 | See Source »

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