Word: walls
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Dates: during 1990-1999
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Fifty-four staff members, as well as 15work-study students, maintain close attention todetail. Maids polish brass wall fixtures in whiteruffled aprons and black uniforms, servers hoverat the elbows of the diners and groundkeepers cliphedges outside the window...
Despite the pounding, Nike is still the force in athletics. Reebok chairman Paul Fireman has admitted as much to Wall Street analysts. Curiously, Fireman blamed Nike's ascension for the current malaise of the footwear category. "The way it came about was clearly the proliferation of a single brand," Fireman said at February's Super Show, the industry's big trade fair. As Nike pulled away over the past couple of years, retailers began to up their swoosh orders. At the urging of retailers (they hate having any one brand dominate), competitors began to ape Nike's look. Says Fireman...
...spring 1996, and, yes, the stock market has been levitating since then. Sometimes sell signals are early. The first book was by David and Tom Gardner, a brother act in jester hats with the catchy title of Motley Fool Investment Guide. The second, The Whiz Kid of Wall Street's Investment Guide, was by Matt Seto, 17. The third was the now infamous debut, Beardstown Ladies' Common-Sense Investment Guide, by a 14-member investment club from Beardstown, Ill., a lovable but math-challenged gaggle of stock-picking grandmas...
...good, though, are the high expectations being promoted. If beating Wall Street really were that easy, the ladies would never have fallen. (Can they get up?) That's not to say individuals can't beat the market. You really do have the advantages of time and unique insight into businesses around you. You also have the Internet to enhance access to news and company filings. Use it. And even if you don't beat the market, odds are that any sensible collection of stocks will beat inflation and Treasury bonds over a long period. But don't bank...
...question is how badly these forecasts may be knocked askew by the ongoing Asian economic tempest. Henry Kaufman, one of Wall Street's most respected financial analysts, wryly notes that economists most often "forecast usual events because we all have experience" with them. But the Asian breakdown is far outside that experience. "We've gone over 60 years since we've had this kind of a massive disruption...