Word: traders
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...Free Trader. In Toledo, a seven-year-old boy got a stern lecture in court after he took a $100 bill from his home and sold it to a stranger for a quarter...
Once the trustees have taken a vote, the job of buying or selling stock is turned over to longtime Market Trader Almore Thompson, who works through more than 200 brokerage houses. In order not to upset the market in a stock that has captured M.I.T.'s interest, Thompson often executes orders over a period of several weeks or disperses them widely. M.I.T. never puts more than 5% of its assets into one company, or more than 25% into one industry. Since it buys for the long pull, it is not bothered by short-term fluctuations. "When the market turns...
...over the years, as in his bareknuckle campaign against Paul Dever, Herter has shown that, when he needs it, he has a streak of stern resolution beneath the gentle surface. In politics he was, a Massachusetts Democratic politico admiringly recalls, "a real Yankee trader who'd give you an apple for an orchard and make you think you got a good deal." Adds another Bay Streeter, who has known Herter for decades: "There are some people who would say he's too nice a guy for the job. It's not true. Believe...
...boys, Eugene, did get into trouble in 1947, when he slashed a rival body-trader with a razor, but he celebrated his release-after two years in prison -by buying a $16,000 black-and-cream Rolls. In 1950 Reporter Duncan Webb of the Sunday People ran a well-documented exposé of the Messina brothers. Four of them promptly left the country. Only Alfredo, against whom Reporter Webb found no evidence, stayed on in a London suburb with his so-called "wife," Hermione Hindin, a fulltime prostitute. Arrested and accused of living on Hermione's earnings, Alfredo said...
...most apt to follow Adenauer's tutelage in foreign affairs unquestioningly. Because Gerstenmaier is ready to trade away Germany's NATO membership if it will buy reunification from the Russians, he is less likely to get the nomination. Erhard has never concealed that in his free-trader's eyes, the Adenauer-sponsored six-nation Common Market is too limited, and last week he told an audience of Ruhr industrialists that more "open-mindedness and flexibility" would be useful in conducting foreign policy. The test of Adenauer's present power may well be whether he is obliged...