Word: wisdoms
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Dates: during 1990-1999
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This collection of essays was not to be found at my local Barnes & Noble on Long Island. And, eager as I was for Harvard-stamped wisdom, I decided against waiting out a special order. Instead, I ventured to the downtown Barnes & Noble, the largest bookstore in the world at the time, and found one lonesome paperback hidden amidst its gigantic stacks and narrow aisles. Twelve dollars later, I was pleased to make the acquaintance of Isaiah Berlin. (Apologies to all fellow small-bookstore fans for not being able to tell a more pleasant tale of finding that special, most thoughtful...
Indeed, this is what Harvard has taught me. All those books in Widener and Lamont are worthy not so much for the revelations in each but for the collective truths housed therein. And, in each of our educations, the various kernels of wisdom picked up from this course and that are not themselves the keys to wisdom, but as a whole, the plurality of them, the bounty of diverse thought, is the substance of truth, which is what this University stands for and what it teaches. But it teaches this truth, veritas, only by teaching it in parts...
...Wall Street parlance, Monday's sharp decline was "a market event," meaning that it had little to do with the real economy and everything to do with the sheer unsustainable height of stock prices. That view makes the decline easy to swallow and lends credibility to the wisdom of staying happy and staying in stocks or, as the little guy did Tuesday, buying even more. "There is no reason to think the U.S. stock market is going to go into a bear market," says economist Allen Sinai at Primark Decision Economics. "The U.S. economy is not going to be knocked...
...know it was the bottom? Conventional wisdom has it that IBM's massive buyback triggered the optimism. But those of us in the trenches know that it was a Merrill Lynch monster buy order of Pepsi, entered at 9:31 a.m. by the beverage company itself, that convinced many scared traders that they had better start buying. The cool calm of Pepsi opening flat--most other stocks indicated a $3 or $4 dip--changed everything. Within seconds after the opening bell, Pepsi let it be known that it would General-Jackson its own stock, standing there, Stonewall-like, right under...
...author is a hedge-fund manager on Wall Street. Read more of his market wisdom at TheStreet.com