4having sufficient stamina, 284picking your spots, 282–283during the game, 285–290attacking on both sides, 288being aware of changing cycles, 288coming up front, 287hitting them on the half-volley, 287maintaining a strong base ofoperations, 285–286not creating crises, 286picking up the pace, 288–290winning the first point, 285endgame, 290Terrorism:1998 embassy bombings, Africa, 27,401998 threats by Osama bin Laden, 272000 attack on USS Cole, 412001 (9/11 attacks), 37, 38, 39, 41, 59,150, 152, 242, 256, 308, 358–361Testimonial, 62, 102, 123Thailand, 2, 7, 26, 249Thermodynamics. See MarketthermodynamicsThomas, Jacob, 330–3333Com, 156Tice, David, 36Tierney, Jack, 279Tiger, 28Time frame (returns), century as, 2–3, 4,17, 206Timeliness system, 223, 224, 225,226–227, 228, 230Time’s Person of the Year awards, 155Timing, corporate:accounting method switch, 57costs, 56sales activities, 56
388 IndexTisch, Lawrence, 37Torto Wheaton, 254, 261Trading:bargaining tips, 18, 291–299complexity in systems for, 350–351costs, 294–295lessons from fishing, 352–358lessons from tennis (see Tennis/racquet sports, practical marketlessons from)signals required before buying (threesignal monte), 336–339variations for improving returns, 2081: a stumble, a skip, and a jump,209–2112: lucky 5, 211–2133: limits of leverage, 213–214Transfers(s):idea, 266–267maximization of, 275–276propaganda technique, 62, 103Transocean, 320Trend following, 10, 73, 74–76, 79–81,111, 288TRIN, 90–92, 111–113Triumph of the Optimists (Dimson,Marsh, and Staunton), 17, 76, 77,82, 206–216, 320, 362Turing, Alan, 16, 178Turnaround play (Devil’s definition), 346Turner, Ted, 155TurtleTrader, 102Tuypens, Bjorn, 60Tversky, Amos, 84, 88, 104TWA, 156Tyco, 39 , 41, 66Untested propositions icon (wizard’shat), 19Validity bias, 88Value Line classification system forstocks, 14, 17, 217–233critics of, 229–230practical value of, 222–225subscriber’s success story, 230–231technical ranking, 225–228timeliness system, 223, 224, 225,226–227, 228, 230
Value Line research data, 169–172Value play (Devil’s definition), 346Value stocks:dismal performance of, 169–172vs. growth, 171, 172performance testing, 168–169survivorship bias, 202Van, Don, 94Veeck, Bill, 242Venter, Craig, 35, 40–41Verification (element of scientificmethod), 118Vermaelen, Theo, 318Vinocur, Barry, 259Volatility Index (VIX), 107–110Volume:as proxy for volatility, 112technical analysts and, 92–93Von Senger, Harro (The Book ofStratagems), 88–89Walgreen, 146, 147Walker, Helen, 201Wall Street analysts, 67–69Wal-Mart Stores, 146Weil, Roman L., 229Welch, Jack, 28–29, 37, 338Wells Fargo, 146, 147Weyerhaeuser, 146Wheaton, William, 261White Mountains Insurance, 146Whitney, R., 244Wiggins, Roy A. III, 108Williams, Bill, 103Winstars, 142Wisdom, Steve, 294Wiswell, Tom, 99WorldCom, 39, 41, 83, 134, 325, 338World Trade Center attacks. SeeTerrorismWyckoff, Richard, 361–362Yahoo!, 83Young, Owen, 155Zeckhauser, Richard, 33, 343Zhang, Huai, 330–333Zhang, Shi, 97, 304, 310Zulauf, Felix, 128
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