Word: wrongâ
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...conducted live before a paying audience. About 200 institutional investors?including airlines and oil companies?shell out up to $3,000 a month to catch his daily webcast on the volatile energy markets, a performance that can move hundreds of millions of dollars. "I'm not paid to be wrong???I can tell you that," Zimmermann says. But as he clicks through dozens of screens and graphics on three computers, he's the picture of focused calm. Zimmermann, 54, watched most of his peers in energy futures burn out long ago. He attributes his brain's enduring sharpness...
...greatest virtue and its greatest fault. It must speak, and speak immediately, while the echoes of wonder, the claims of triumph and the signs of horror are still in the air. TIME has spoken once a week for 60 years and, in so doing, has often been wrong???but, we hope, more often right...
...predicted that Richard would find evidence of three hominid species at Turkana. A few weeks later, he died, unaware that events would prove him right. Says Richard: "I think his sheer dogged persistence?and his follow-through on ideas to the point where they were proved either right or wrong???was his greatest gift. In many ways, his greatest achievement was his ability to stimulate others...
Galbraith allows for the possibility that he might be wrong???a concession rarely made by the more dogmatic critics of the war. "Should our continued presence be necessary," he says, "the course I propose will accord us a foothold for a time and thus allow us a second look." In any event, he says in a tart aside, past policy "has been wrong so long and so alarmingly that even a modestly right one will seem superb...
...faculty." University of Chicago Economist Milton Friedman, Barry Goldwater's former economic adviser, dismisses him as a phrasemaker?"old wine in a new bottle." Purrs Conservative William F. Buckley, a personal friend but philosophical foe: "Econo mists I know say everything he writes on economics is either platitudinous or wrong???or both." Sneers Jacoby: "Sure, his books sell well. So did Valley of the Dolls...