Word: investment
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Dates: during 1980-1989
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...Dickinsons "were looking to buy prestige in Boston...Joanne [Dickinson] posed the interests [sic] bluntly, `Charles and I need an identity. We can not very well say we are philanthropists at cocktail parties. We want to be affiliated with Harvard, and we want to invest in something stimulating and established...
What drives the art market, some people say, is the desire to invest. Of course, it is more than that; genuine love of art, and even a curious yearning for transcendence, fuel it as well. But does art-investment success have an upper limit? Is there a limit to demand? Economists Bruno Frey and Angel , Serna, in an excellent inquiry in the October issue of Art & Antiques, examine the case of Yo Picasso. Humana Inc. president Wendell Cherry, who bought it in 1981 for $5.83 million and sold it in 1989 for $47.85 million, got a "real net rate...
Ford has promised Jaguar's officials a large degree of freedom in running the company. Even so, John Lawson, a London-based analyst for Nomura Research Institute, predicts that Ford will have to invest an additional $1.5 billion to improve Jaguar's production, which would bring the total investment to $4 billion. "That is going to be very hard for Ford to recover in the marketplace," Lawson warns. But then, status symbols seldom come cheap...
...problem, Machell explains, lies in how much energy and emotion scholars invest in their work. It becomes no longer simply a job, but an identity, a product they own. Further, professors, like high school teachers, are on their own in the workplace, defining and grading their own success...
...most competitive products. But when it comes to trinkets, we should think twice. Of course, with a lot of today's trinkets -- VCRs and camcorders, to name just two -- there's no way to buy American. The only choice is whether to buy at all, or whether, perhaps, to invest that money instead...