according to mark twain, october is a particularlyaccording to mark twain, october is a particularly

Twain indicated hed heard a rumor Blankenship became a justice of the peace in Montana, but other reports suggest he was jailed for theft or died of cholera. According to mark twain, october is particularly dangerous month, The Blankenships family was poor and his father, a laborer, had a reputation as a town drunk. In the summer of 1876, while staying with his in-laws Susan and Theodore Crane on Quarry Farm overlooking Elmira, Clemens began writing what he called in a letter to his friend William Dean Howells Huck Finns Autobiography. Huck had appeared as a character in Tom Sawyer, and Clemens decided that the untutored boy had his own story to tell. BY JOHN B. ROBERTS, A.M., M.D. Prior to that, he had tried out other pseudonyms, including W. Epaminondas Adrastus Blab and Thomas Jefferson Snodgrass. While at a bar in the nearby town of Angels Camp in Calaveras County, California, Twain heard a man tell a tale about a jumping frog contest. Clemens was suffering from rheumatism in his right arm, but he continued to write for magazines out of necessity. The humorous story turned out to be a big hit with readers and was reprinted across the country, eventually retitled The Celebrated Jumping Frog of Calaveras County.. Its not a matter of if we recover but more at what pace do we recover and is that strong enough to drive enough profitability to sustain extended stock market valuations? humorous. Suppose the risk-free return is 6.5% and the market portfolio has an expected return of 10.6% and a standard deviation of 16%. Twain believed he had humiliated himself before Bostons literary worthies when he delivered one of many speeches at a dinner commemorating the 70th birthday of poet and abolitionist John Greenleaf Whittier. But none of the afore-mentioned risks are unknown or misunderstood such that investors may have gotten too defensive to account for those risks. After becoming a successful writer, Twain sank money into a number of bad investments and eventually went bankrupt. Economically sensitive stocks are looking like a good bet for investors with at least a medium-term time horizon and a belief that this virus will be brought under control and a vaccine developed at some point over the next year. Although his family had owned a slave when he was a boy, Clemens didnt have strong ideological convictions about the war and probably enlisted with the militia primarily out of loyalty to his Southern roots. paragraph comprehension Flashcards | Quizlet This site is using cookies under cookie policy . While no one seems to be worries about inflation right now, we have never seen the type of monetary expansion on a global basis as we have in the past decade. For a time, Clemenss prospects seemed rosy. The fastest sales growth names in the Russell2000 sell for 4.1 times revenuein the 93rd percentile historicallyversus below one time sales for the weakest growers, 18% below the long-term average. If Huckleberry Finn is a great book of American literature, its greatness may lie in its continuing ability to touch a nerve in the American national consciousness that is still raw and troubling. The phrase was popularized in the United States by Mark Twain (among others), who attributed it to the British prime minister Benjamin Disraeli. What history actually shows is that September is the worst month for markets, not only because investors are probably looking a little more seriously at the data than they would have over the slower summer months, but also because it often happens that fourth quarter begins to show that investor expectations for earnings and growth for the year had been too optimistic and that time is running out to correct those shortfalls. In 1891, Twain closed up his 25-room Hartford home, where he had lived since 1874, and relocated with his family to Europe in order to live more cheaply (he also hoped the change of scenery would help his wife, who was in poor health). The next few years were important for Clemens. WebTools The origin of the phrase "Lies, damned lies, and statistics" is unclear, but Mark Twain Twain himself invented a variety of products, including a self-pasting scrapbook, which sold well, and an elastic strap for pants, which didnt. His time with the group turned out to be brief: After two weeks of conducting drills, the poorly supplied Marion Rangers disbanded upon hearing a rumor that a Union forceled by Ulysses Grant, as Clemens eventually learnedwas headed their way. Meanwhile, he tried, unsuccessfully, to publish a book made up of his letters from Hawaii. He continued to write for newspapers, traveling to Hawaii for the Sacramento Union and also writing for New York newspapers, but he apparently wanted to become something more than a journalist. Uninvested cash remains near record levels in an environment where cash is just not a profitable option. Investments in the fund return 5 percent each year paid on the last day of the year. Who can possibly project forward so far in these conditions? According to mark twain, october is particularly dangerous After he had finished writing the jumping-frog story but before it was published, he declared in a letter to Orion that he had a call to literature of a low orderi.e. Clemens pen name, Mark Twain, comes from a term signifying two fathoms (12 feet), a safe depth of water for steamboats. [8] The pseudonym has been attributed to Eliza Gutch.[13]. A second daughter, Clara, was born in June, and the Clemenses moved into their still-unfinished house in Nook Farm later the same year, counting among their neighbours Warner and the writer Harriet Beecher Stowe. Clemenss courtship of Olivia Langdon, the daughter of a prosperous businessman from Elmira, New York, was an ardent one, conducted mostly through correspondence. Later that year, Clemens traveled to England. Our investment management team is made up of engaged thought leaders. Pc picat verification Flashcards | Quizlet The prototype for the Paige typesetter also seemed to be working splendidly. Even in the tech sector we have only stuck with the more output oriented group, the semi-conductors. Low-ROE and non-earning stocks have dominated the Russell2000s rebound since late March, as investors focused on revenue growth above all else. So confident was he about prospects for the typesetter that Clemens predicted this novel would be his swan-song to literature and that he would live comfortably off the profits of his investment. The fact that Twain specifically picks out October initially is taken as a reference to an "October effect", as exemplified by the 1929, 1987 and 2008 stock market crashes which roughly occurred in October. In this type of higher risk environment, within our managed portfolios we are always looking for areas where we tend to see asymmetric risks, that is where the risk-adjusted upside for a security is much higher than the risk-adjusted downside. 2016 J. Zechner Associates Inc.|Legal. ADDRESS OF CHAIRMAN OF THE SECTION. The couple was introduced by Olivias younger brother, who had met Clemens during a voyage to Europe and the Holy Land aboard the steamship Quaker City in 1867. In August we lightened up on equities overall by selling most of our technology and other high growth sectors as well as some interest sensitive names (i.e. When leadership last shifted from growth to value in 2000, it began an eight-year run that culminated with the Financial Crisis in 2008. SOME SURGICAL SINS. In 1884 Clemens founded his own publishing company, bearing the name of his nephew and business agent, Charles L. Webster, and embarked on a four-month lecture tour with fellow author George W. Cable, both to raise money for the company and to promote the sales of Huckleberry Finn. lilaipo Speculating in stocks is not a safe investment for your money. Those high growth stocks are now more expensive than theyve been since the technology bubble of the late 1990s. [19], "Lies, Damn Lies and Statistics" is the title of episode 21 in the first season of NBC drama The West Wing.[20]. speculating in stocks is not a safe investment for your money Clemens was the sixth of seven children, only three of whom survived to adulthood. Things did not go according to plan, however. They were married in February 1870. Clara Clemens had one child, Nina Gabrilowitsch, who passed away in 1966. SURGERY AND ANATOMY AT THE Forty-Fifth Annual Meeting OF THE American Medical Association, HELD AT SAN FRANCISCO, CAL., JUNE 5-8, 1894., CHICAGO: PRINTED AT THE OFFICE OF THE JOURNAL OF THE AMERICAN MEDICAL ASSOCIATION, 1894. It is nothing to be proud of, he continued, but it is my strongest suit. However much he might deprecate his calling, it appears that he was committed to making a professional career for himself. It is on statistics and on the absence of statistics It seems hard to believe, with all the unknowns faced in the economy, inflation and markets, that the Fed could come out and say they will hold interest rates near zero for the next three years. WebThe fact that Twain specifically picks out October initially is taken as a reference to an According to mark twain, october is particularly dangerous month, to speculate in stocks other include all the other months. Luckily, he was befriended by a Standard Oil executive, Henry Huttleston Rogers, who undertook to put Clemenss financial house in order. Clemens pen name, Mark Twain, comes from a term signifying two fathoms Given the predominance of growth in the major US indices, markets have fallen sharply in September. Paragraph Comprehension Flashcards | Quizlet "Sir, It has been wittily remarked that there are three kinds of (Do not round intermediate calculations. John Marshall Clemens became a justice of the peace in Hannibal but struggled financially. Lies, damned lies, and statistics - Wikipedia This is not a new trend as well, noting that growth investing has trounced value for much of the past decade as interest rates have collapsed to all-time lows. Gould explains how the statistic that peritoneal mesothelioma, the form of cancer with which he was diagnosed in 1982, has a "median survival time of eight months" is misleading. Conversely, when offered the chance to invest in a new invention, the telephone, Twain reportedly turned down its creator, Alexander Graham Bell. Set in the antebellum South, Adventures of Huckleberry Finn is the story of the title character, a young misfit who floats down the Mississippi River on a raft with Jim, a runaway slave. "[5] In White's opinion, the world had a need of this phrase, many people "would have been proud" to coin it, and the origins are now obscured, as the phrase passed "from wit to wit". With all the deficit spending and debt accumulation we see more of a chance for higher inflation and higher longer-term interest rates to attract the necessary capital to fund those shortfalls which will put upward pressure on rates. One clear area where we see that right now is in the difference in valuations between the high growth sectors of the market versus the traditional economic sensitive or value sector stocks. What are some of Mark Twains most famous works? That has benefited a lot of software, biotech, and other stocks, but forced investors to pay up for earnings, if they exist at all. In our Hedge Fund, we have recently begun short-selling the long term US Treasury ETF (TLT). We strive for accuracy and fairness. WebAccording to Mark Twain, October is a particularly dangerous month to speculate in Once there, Clemens tried his hand at silver mining and then, after failing to strike it rich, took a job as a reporter with a Virginia City, Nevada, newspaper in the fall of 1862. Only in South America in the 1970s and some African countries in the 1980s have we seen such massive monetary stimulus. aggravated is statistics. In 1839, Clemens father, John Marshall, a self-educated lawyer who ran a general store, moved his family to the town of Hannibal, Missouri, in search of better business opportunities. As industrial growth continues to come back on a global basis, we expect this shift to continue for the remainder of 2020 and beyond. Many scholars, however, contend the book is a criticism of racism. . September saw the first good rally in the value sector but extreme weakness in growth. The purchase price of the property was $-------. They include: The phrase has been used in the title of a number of popular expositions, including: The essay The Median Isn't the Message by Stephen Jay Gould begins by repeating this quote. It was in a generally sanguine mood that he began to write A Connecticut Yankee in King Arthurs Court, about the exploits of a practical and democratic factory superintendent who is magically transported to Camelot and attempts to transform the kingdom according to 19th-century republican values and modern technology. If long-term rates actually fall back below 1%, we would lose about 4% on this position, but if they go back above 2%, it would yield a gain of over 15% on that same position. But if you see something that doesn't look right, click here to contact us! When Samuel Clemens was 11, his 49-year-old father died of pneumonia. Did anyone even imagine what we would have gone through in the past eight months at the beginning of this year? (For an explanation of why Grants memoirs were so successful, see Sidebar: Translating Thought into Action: Grants Personal Memoirs.) You can specify conditions of storing and accessing cookies in your browser. Olivia Clemens died in 1904 at age 58, while on April 21, 1910, her renowned husband, whose health had been in decline for a number of months, died at age 74 at his home in Redding, Connecticut. (Clemens wrote about this excursion in his best-selling 1869 travel book, The Innocents Abroad.) The Clemenses had four children, including a son who died as a toddler and two daughters who passed away in their 20s. The next year, he embarked on an around-the-world speaking tour in order to earn money to pay off his debts, which he was able to do within several years. As it happened, later in life Clemens became friends with Ulysses Grant, and in 1885 published the former presidents memoir, which became a best-seller and rescued Grants widow from poverty after her husband lost most of their money to bad investments. Language links are at the top of the page across from the title. All the Tom-and-Huck narratives engage in broad comedy and pointed satire, and they show that Twain had not lost his ability to speak in Hucks voice. The price-to-forward earnings ratio of the Russell 1000 Growth index recently hit 31 times, while its Value equivalent trades for 19 times. If we turn around three years from now and find that inflation is running at 4-5% due to all the monetary stimulus and the economy is growing at 2.5%, there is no chance that interest rates would still be at zero? In all of those other cases, the currencies ended up collapsing and inflation soared well above 100% annual rates! utilities/pipelines/telecom). Growth investing trounced value for much of the past decade, and growth stocks lead widened this year as the market rebounded. Paragraph Comprehension Flashcards | Quizlet ", https://en.wikipedia.org/w/index.php?title=Lies,_damned_lies,_and_statistics&oldid=1144481014, Short description is different from Wikidata, CS1 maint: DOI inactive as of January 2023, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 14 March 2023, at 00:15. The Alta paid the substantial fare in exchange for some 50 letters he would write concerning the trip. The American Dialect Society list archives include numerous posts by Stephen Goranson that cite research into uses soon after the above. Mark Twain effect - Wikipedia After technology stocks lead the market to record, ebullient highs in August, realities seem to set in this past month and stocks shed many of those gains. After he had finished writing Clemens came to dislike Buffalo and hoped that he and his family might move to the Nook Farm area of Hartford, Connecticut. Through Huck, the novels narrator, Twain was able to address the shameful legacy of chattel slavery prior to the Civil War and the persistent racial discrimination and violence after. WebQuote by Mark Twain: October: This is one of the peculiarly dangerou Find & Share October is a particularly dangerous month to speculate in stocks The antics and high adventure of Tom Sawyer and his comradesincluding pranks in church and at school, the comic courtship of Becky Thatcher, a murder mystery, and a thrilling escape from a cavecontinue to delight children, while the books comedy, narrated by someone who vividly recalls what it was to be a child, amuses adults with similar memories. '"[4][1][2], Colin White traces the origins to Franois Magendie (1783-1855). Round your answer to 3 decimal places. What was the purchase price of the property? Mark Twain famously wrote the title phrase but then Twain further In 1894, approaching his 60th year, Samuel Clemens was forced to repair his fortunes and to remake his career. This divergence was logical since growth stocks are valued by discounting their anticipated future cash flows to derive a present value. As interest rates fall, the present values of these discounted cash flow increases. Old Times on the Mississippi appeared in the Atlantic in installments in 1875. . You can help Wikipedia by expanding it. . When Twain returned to San Francisco in February 1865, he received a letter from a writer friend in New York asking him to contribute a story to a book he was putting together. This lead has only widened this year as the market rebound was driven by even lower interest rates for a longer period of time and a migration to many of the growth stocks that personified the work from home shift. The following month, Clemens left Missouri and the war behind and journeyed west with his brother Orion, who had been named the territorial secretary of Nevada. He worked on steamboats until the outbreak of the American Civil War in 1861, when commercial traffic along the Mississippi was halted. "ASU research helps debunk myth of stock market 'weekend effect', https://en.wikipedia.org/w/index.php?title=Mark_Twain_effect&oldid=993543303, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 11 December 2020, at 04:13. The load fee entails an up-front commission charge of 2 percent of the amou The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. As Twain noted in his autobiography: In Huckleberry Finn I have drawn Tom Blankenship exactly as he was. He closed his beloved house in Hartford, and the family moved to Europe, where they might live more cheaply and, perhaps, where his wife, who had always been frail, might improve her health. Old Times, which would later become a portion of Life on the Mississippi, described comically, but a bit ruefully too, a way of life that would never return. 2023, A&E Television Networks, LLC. "Parliamentary representation in England illustrated by the elections of 1892 and 1895". The next few years were important for Clemens. Meanwhile, the fact that the economic expansion of the past ten years has been much slower than any past recovery has meant slower earnings growth for the economic sensitive sectors of the stock market. Mark Twain - HISTORY Courtney is quoted by Baines (1896) as attributing the phrase to a "wise statesman",[7] but he may have been referring to a future statesman rather than a past one. The quotation is a sarcastic assertion that speculation in stocks is always dangerous. In the process, the journalistic and satirical temperament of the writer had, at times, become retrospective. Get their latest commentary and stay informed of their frequent media interviews, all delivered to your inbox. Speculating in stocks is not a safe investment for your money. falsehood: the first is a 'fib,' the second is a downright lie, and the third and most He soon discovered that it had to be told in Hucks own vernacular voice. In 1851, he moved over to a typesetting job at a local paper owned by his older brother, Orion, and eventually penned a handful of short, satirical items for the publication. Nevertheless, in 1894, following the failure of the publishing company he had founded a decade earlier, Twain declared bankruptcy. ASVAB | Mathematics Quiz - Quizizz The obscure journalist from the wilds of California and Nevada had arrived: he had settled down in a comfortable house with his family; he was known worldwide; his books sold well, and he was a popular favourite on the lecture tour; and his fortunes had steadily improved over the years. [To the Editor of The National Observer] One investing debacle, involving an automatic typesetting machine, cost him nearly $200,000 by some estimates, an enormous sum considering that in 1890 the majority of American families earned less than $1,200 per year. Literary maturity of Mark Twain - Encyclopedia Britannica Webaccording to mark twain, October is particularly dangerous month, to speculate in stocks WebIn fact, if the system was suddenly opened at that point, the force of the valve closing would Updated: June 16, 2020 | Original: December 2, 2014. WebAccording to Mark Twain, October is a particularly dangerous month to speculate in Eventually his account of the voyage was published as The Innocents Abroad (1869). Later that year, Twain posted bail for a friend whod been arrested in a barroom brawl. Speculating in stocks is not a safe investment for your money Suppose an individual invests $10,000 in a load mutual fund for two years. He met on the boat a young man named Charlie Langdon, who invited Clemens to dine with his family in New York and introduced him to his sister Olivia; the writer fell in love with her. What distinguishes Huckleberry Finn from the others is the moral dilemma Huck faces in aiding the runaway slave Jim while at the same time escaping from the unwanted influences of so-called civilization. In 1870, Clemens married Olivia Langdon, who was raised in an abolitionist family in Elmira, New York. Clearly there is no lack of risks in front of all investors, including the upcoming U.S. elections, the developing second wave of Covid-19, the lack of any new stimulus spending, the massive level of global debt and the excessive levels of speculation we have seen on some growth stocks by short-term traders. Twains contribution to the occasion fell flat (perhaps because of a failure of delivery or the contents of the speech itself), and some believed he had insulted three literary icons in particular: Henry Wadsworth Longfellow, Ralph Waldo Emerson, and Oliver Wendell Holmes. The next month, Olivia Susan (Susy) Clemens was born in Elmira. Huckleberry Finn was written in fits and starts over an extended period and would not be published until 1885. In June 1861, shortly after the Civil War began, 25-year-old Clemens joined the Marion Rangers, a pro-Confederate militia. While arguing against using blood-letting to treat fever, and confronted with statistical numbers he believed to be manufactured, this French physiologist stated: "Thus the alteration of the truth which is already manifesting itself in the progressive form of lying and perjury, offers us, in the superlative, the statistics. [8] The phrase has also been attributed to Arthur Wellesley, 1st Duke of Wellington. During that interval, Twain often turned his attention to other projects, only to return again and again to the novels manuscript. Gabrilowitsch was childless, so there are no direct descendants of Samuel Clemens alive today. We also see owning bonds as an area of asymmetric risk against you. Samuel Clemens worked on the Pennsylvania until early June. Their surviving child, Clara, died in 1962 at age 88.