If you are a teacher searching for educational material, please visit PBS LearningMedia for a wide range of free digital resources spanning preschool through 12th grade. Sitting in a Panera in Boston’s financial district in early July with Jeremy Grantham, I suddenly found myself considering how I might safeguard my. Der Zauberer von Oz (1. Quotes. Dorothy. . It finally lands, then turns into Glinda the Good Witch wearing a spectacular white dress and crown, holding a wand. I know we're not in Kansas! Wizard of Oz. Why, anybody can have a brain. That's a very mediocre commodity. Every pusillanimous creature that crawls on the Earth or slinks through slimy seas has a brain. Back where I come from, we have universities, seats of great learning, where men go to become great thinkers. And when they come out, they think deep thoughts and with no more brains than you have. Loving the new system. Especially the flagging, seems like a great way to try to get that Sgt Awesome character off of this place. Although he does make me laugh on a.But they have one thing you haven't got: a diploma. Cowardly Lion. Courage! What makes a king out of a slave? What makes the flag on the mast to wave? What makes the elephant charge his tusk in the misty mist, or the dusky dusk? What makes the muskrat guard his musk? What makes the sphinx the seventh wonder? What makes the dawn come up like thunder? What makes the Hottentot so hot? What have they got that I ain't got? Dorothy, Scarecrow, Tin Woodsman. Courage! Cowardly Lion. You can say that again! Jaws (1975) Quotes on IMDb: Memorable quotes and exchanges from movies, TV series and more. Ticking Environmental Time Bombs. The ships have shed more than 20 tons of toxic paint debris that have settled into bay sediments, where they will cause problems. Have you ever wondered what are the 10 most violent mafia movies of all time? Everyone likes mobster movies, but what ones really bring the true violent nature of. The Wizard of Oz (1939) Quotes on IMDb: Memorable quotes and exchanges from movies, TV series and more. Cowardly Lion. I *do* believe in spooks, I *do* believe in spooks. I do, I do, I do, I *do* believe in spooks, I *do* believe in spooks, I do, I do, I do, I *do*! Wicked Witch of the West. Ah! You'll believe in more than that before I'm finished with you. Auntie Em. Help us out today and find yourself a place where you won't get into any trouble! Dorothy. A place where there isn't any trouble. Do you suppose there is such a place, Toto? It's not a place you can get to by a boat or a train. Behind the moon, beyond the rain.. What happened was just this.. Munchkin. And, oh, what happened then was rich! I'll see you get safely to the Wizard now, whether I get a brain or not. Stuff a mattress with me. Tin Woodsman. I'll see you reach the Wizard, whether I get a heart or not. Let her try and make a beehive out of me! And it's funny, but I feel as if I'd known you all the time, but I couldn't have, could I? Scarecrow. I don't see how. You weren't around when I was stuffed and sewn together, were you? Tin Woodsman. And I was standing over there, rusting for the longest time. Dorothy. Still, I wish I could remember, but I guess it doesn't matter anyway. We know each other now, don't we? Scarecrow. That's right. Dorothy. I'm frightened, Auntie Em! We're trying to find you! Dorothy. I'm here in Oz, Auntie Em! I'm locked in the witch's castle, and I'm trying to get home to you, Auntie Em! I'll give you Auntie Em, my pretty! Heh heh heh heh heh heh heh! Guardian of the Emerald City Gates. Who rang that bell? Dorothy, Scarecrow, Cowardly Lion, Tin Woodsman. Guardian of the Emerald City Gates. Can't you read? Scarecrow. Read what? Guardian of the Emerald City Gates. The notice! Dorothy. What notice? Guardian of the Emerald City Gates. It's on the door - as plain as the nose on my face! Now, state your business! Guardian of the Emerald City Gates. But nobody can see the Great Oz! Nobody's ever seen the Great Oz! Even I've never seen him! Dorothy. Well, then how do you know there is one? Guardian of the Emerald City Gates. Oh, you're wasting my time! I've got to see the Wizard! The Good Witch of the North sent me! Guardian of the Emerald City Gates. Prove it! Scarecrow. She's wearing the ruby slippers she gave her. Guardian of the Emerald City Gates. Oh, so she is! Well, bust my buttons! Why didn't you say that in the first place? That's a horse of a different color! Hunk. Now look here, Dorothy, you ain't using your head about Miss Gulch. You'd think you didn't have any brains at all. Dorothy. I have so got brains. Hunk. Well, why don't you use them? When you come home, don't go by Miss Gulch's place. Then Toto won't get in her garden, and you won't get in no trouble. Dorothy. Oh Hunk, you just won't listen, that's all. Hunk. Well, your head ain't made of straw, you know. Can Jeremy Grantham Profit From Ecological Mayhem? Grantham, who is 7. He marked up his draft with a pen as he went along, departing from the text at times to emphasize a point. The problem is with us and our focus on short- term growth and profits, which is likely to cause suffering on a vast scale. With foresight and thoughtful planning, this suffering is completely avoidable. I find that they have the opposite, equally mind- stretching effect on a passive investor like me. While it may be too late to . And, crucially, the consequences will be unevenly distributed, creating angles for you to make money and look out for your interests, however you define them. He was right about indexing, an investment strategy he took a lead role in inventing, when everyone else assumed that you should try to beat the market rather than join it, and about the long rally in small- cap stocks in the early 1. He was also, well in advance, right about one bubble after another: Japan in 1. U. S. As a stock picker, he made his share of losing bets. Jack Meyer, who runs Convexity Capital Management and is the former head of Harvard Management Company, told me a story about Grantham speaking at a conference in the 1. He gets up and says, . In times of great bullishness, he. What sets him apart is what Ritholtz calls . When he reminds us that modern capitalism isn. Leaning forward in his chair by the windows, he rested his left hand in a confiding gesture on the forearm of a stone Buddha from the eighth- century temple complex at Borobudur in Indonesia. The statue was too pricey when he first saw it at an auction house, but after the Asian financial crisis devalued the asset class of regional antiquities, he made a lowball offer that was immediately accepted, which means, he said, he could have had it for even less. Behind Grantham and the semi- discount Buddha, jets climbed away from Logan Airport. Docked at Rowes Wharf, just below his windows, were yachts worthy of James Bond villains. Grantham leads what he calls . Other than what I need for living, it all goes into the foundation. It supports the Environmental Defense Fund, the World Wildlife Fund and other such organizations, institutes for the study of climate change that Grantham helped establish at Imperial College London and the London School of Economics and the Metcalf Institute, which awards the $7. Grantham Prize for Excellence in Environmental Journalism. We found our separate ways to it. One son, Oliver, buys forests for Harvard Management Company; another, Rupert, manages forests in Massachusetts; his daughter, Isabel, helps run an E. D. F. It pushed anything having to do with the environment down 1. Unemployment and interest in environmental issues move inversely. Grantham believes that the best approach may be to recast global warming, which depresses crop yields and worsens soil erosion, as a factor contributing to resource depletion. Finite resources is investment advice. They roll the dice bigger and quicker than most. In this industry people want to be right this quarter. Often, they read the letter, and they. He attended the University of Sheffield and then Harvard Business School. In the summer of 1. American Raceways, a big- talking company that owned a single racetrack. When I came back from vacation, it was $2. I sold everything else and bought 6. By Christmas the price was at $1. I jumped off when it fell to around $4. His historical study of more than 3. A bump in sales or some other impressive development causes people to get excited. When they do, the price of that asset class . People want to hear good news; they tend to be bad with numbers and uncertainty, and to assume that present conditions will persist. In the financial industry, the imperative to minimize career risk produces herd behavior. As John Maynard Keynes, one of Grantham! In his April letter, . From 2. 00. 2 until now, this entire decline was erased by a bigger price surge than occurred during World War II. Statistically, most commodities are now so far away from their former downward trend that it makes it very probable that the old trend has changed . Prices may always revert to the mean, but the mean can change; that. As Grantham tells it, oil went first. For a century it steadily returned to about $1. Metals and nearly everything else . We all need to adjust our behavior to this new environment. It would help if we did it quickly. The argument often circles back to the bet made in 1. Paul Ehrlich, who foretold catastrophic scarcity caused by overpopulation, and the economist Julian Simon, who argued that any short- term increase in resource prices caused by population growth will stimulate inventors and entrepreneurs to find new ways to exploit those resources, lowering prices in the long run. The two men picked five commodities and wagered on whether their prices, taken as an indicator of scarcity, would be higher or lower in 1. Simon won, 5- 0, even though the world. Grantham concludes that the longer- run story of the bet . Sounding the alarm and bailing out well before the peak of one bubble after another has cost him profits and clients. We have the resources to gracefully handle the transition, but we won.
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