Word: macros
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Dates: during 2000-2009
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Concentration: Social studies—this major can best account for the Greek, Iranian and macro textbooks...
...casualties--was dangerously misguided. "It is increasingly clear," she wrote in her 1999 book, The Ultimate Terrorists, "that not all terrorists feel that way." In the book, which begins with a scenario in which the Empire State Building is destroyed by a homemade nuclear bomb, she coined the term macro-terrorism to describe terrorist acts that result in mass casualties. On Sept. 11 macroterrorism became a reality...
...stock is worth between $40 and $50, based on the replacement value of the rooms that they own, which is 58,000 rooms. The hotels are Westin, St. Regis, Sheraton. This year earnings are going to be down for obvious reasons. What I like is on the macro side. Construction in new hotels is going down dramatically, so when we come out the other end of this downturn, they're going to have huge pricing power...
...Macro issues aside, many stocks now trade at bargain prices. Sell now and you risk selling at the bottom. Ironically, a lot of tech stocks now trade higher relative to this year's earnings than they did even before the slide. So they still look expensive. But that's because near term earnings assumptions are falling faster than the stock price. If the earnings slump is temporary, as it most likely will be for blue-chip firms like Intel and Microsoft, the near term outlook should be ignored if you are a long-term investor. A better metric...
...yearning is real: "There is this whole spiritual existence out there and I can't get there." Her questions, however, are a cockeyed amalgam of Me-generation nostrums: "WHAT DO YOU NEED TO DO? HOW MANY BOOKS? HOW MANY JOURNEYS? WHAT ARE THE WORDS AND WHAT KIND OF FOOD? MACRO? MICRO? DO ROOTS FEED THE SOUL? CARROTS, TURNIPS, POTATOES? OR THE ANCIENT SONGS...