Word: walls
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Dates: during 1990-1999
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That's still the case. But a shift is under way, one that has highlighted Berkshire's operating performance, and is forcing Wall Street to change the way it looks at the stock. Buffett has been buying more whole companies than company shares in recent years. Just last week he signed a deal to buy all of Jordan's Furniture, a New England retailer with $250 million in annual sales. His biggest deals, though, have been in insurance, starting with auto insurer Geico in 1996 and then the $22 billion acquisition of reinsurer General...
...Forget Wall Street. More than 75 years ago, a Stanford University economist named Thorstein Veblen predicted that one day, engineers would be the true masters of the financial universe. It's technology that drives the economy, he argued, and since engineers create the stuff, it'll only be a matter of time before they come to their senses, seize power and undercut the venture capitalists and corporate bigwigs who make so much dough from other people's brilliant ideas. Veblen was right, it turns out. And though they never met, the man who would lead the revolution was a more...
...tend to dislike most nonfiction, since so many writers approach their work as if they were doing the reader a favor--"Sit down and read this unreadably dull book because it's good for you." Not Lewis, who makes Silicon Valley as thrilling and intelligible as he made Wall Street in his best-selling Liar's Poker...
...thing--which is, apparently, a good quality. But another interpretation might be that Clark is simply driven by the pursuit of filthy lucre. There has to be a higher purpose to life than making yourself rich. During the '80s, we knew that the people making their fortune on Wall Street were hardly role models; yuppie was a derogatory term. Clark, for all his brilliance, uses his billions to do little more than buy himself great toys; he's even cynical about the get-rich-quick Net companies he's created. And yet he's our role model? He makes Bill...
...began screaming, Smit theorizes that the killer panicked and struck her, perhaps with a heavy flashlight. With no time to retrieve his note from upstairs, the killer broke a window and fled. Later, police found a scuff mark from what appeared to be a boot on the nearby wall as well as unidentified boot and palm prints...