anthony bolton ( born 7 march 1950 ) is one of the uk 's best known investment fund managers and most successful investors , having managed the fidelity special situations fund from december 1979 to december 2007 .

over this 28-year period the fund achieved annualised growth of 19.5 % , far in excess of the 13.5 % growth of the wider stock exchange , turning a £ 1,000 investment into £ 147,000 .

until april 2014 he managed fidelity china special situations plc , a london stock exchange listed investment trust .

anthony bolton

anthony bolton <EOT> fidelity worldwide investment is to stop paying trail commission to ifas on anthony bolton ' s china special situations investment trust .

we’d love your help . let us know what’s wrong with this preview of investing against the tide by anthony bolton .

outgoing manager anthony bolton talks to his successor dale nicholls about the future strategy of the fidelity china special situations investment trust .

as manager of the fidelity special situations fund in the 28 years to 2007 anthony bolton achieved annual returns of nearly 19 . 5pc

fidelity fund manager anthony bolton believes chinese airlines will benefit from increasing demands for travel . photograph : str / afp / getty images

fidelity ' s anthony bolton is set to retire next year , bringing to an end his 30 - year career in fund management .

uk fund manager anthony bolton is to step down from fidelity ' s china special situations . photograph : philippe lopez / afp / getty images

fidelity worldwide investment has cut the annual charge on anthony bolton ' s china special situations investment trust ahead of the handover to incoming manager dale nicholls .

the board of the fidelity china special situations trust has moved to keep its discount under control after the announcement of manager anthony bolton ' s retirement .

veteran manager anthony bolton said he had " no idea what was coming " when he handed over management of the fidelity special values investment trust in 2007 .

anthony bolton ' s fidelity china special situations investment trust has jumped up the performance charts after a stellar year which saw it return three times its benchmark index .

anthony bolton has said he feels his final year in charge of the fidelity china special situations investment trust has ' vindicated ' his decision to come out of retirement .

fidelity ' s anthony bolton has blamed us - listed chinese firms for the poor performance of his fidelity china special situations trust , on top of a falling market .

fidelity china special situations ( fcss ) has doubled in value in the three years since former star fund manager anthony bolton handed over the investment trust to dale nicholls .

star manager anthony bolton has delivered a blistering attack on the standards of corporate governance in china as he hands over the reins of his fidelity china special situations investment trust .

anthony bolton , head of fidelity’s under - performing china special situations fund , is adamant that his decision to stay on in hong kong is not about salvaging his reputation .

fidelity ' s anthony bolton has committed to hold on to his stake in the china special situations investment trust after he hands it over to dale nicholls in april next year .

the annual management charge on anthony bolton ' s fidelity china special situations investment trust will be cut from 1 . 5 % to 1 . 2 % from 1 april 2013 .

anthony bolton is a fund manager with a strong record of performance so anything he says should be listened to or read , even professional money managers may find the book useful .

fidelity worldwide investment ' s anthony bolton has revealed the three pillars of a stock - picking process which helped him become one of the most successful fund managers the country has ever seen .

anthony bolton ' s successor dale nicholls has revealed how he plans to make his own impression on the fidelity china special situations investment trust when he takes over on 1 april next year .

anthony joshua can add the wba heavyweight title to his ibf belt when he fights wladimir klitschko at wembley stadium on saturday .

anthony bolton is backing one of his unlisted stocks to make significant returns for shareholders in his fidelity china special situations trust later this year when it lists on hong kong ' s main market .

michael berkeley ' s guest is anthony bolton , one of the most respected british investment fund managers in recent years . for 28 years from december 1979 , he managed the high - performing fidelity special

anthony bolton has urged investors to be " steely " and hold on to their nerve particularly during volatile times , as he talked about his tenure as fund manager of the uk ' s largest unit trust .

britain ' s best - known fund manager , anthony bolton of fidelity , is to retire next year with his reputation as a legendary investor " tarnished " by the relative failure of his £460m china fund .

second , it was highly geared to conform to bolton’s positive view on markets .

' with a small company i could go to a meeting with the management and come out knowing more about that firm than anyone else , ' anthony bolton said . ' that ' s not possible with a larger business '

for this week ' s column , i took a look back at investing against the tide , written by anthony bolton in 2009 after his ( first ) retirement from full - time investment management . what can private investors learn from mr bolton ' s 28 years as manager of fidelity ' s uk special situations fund ?

when anthony bolton announced this week that he intended to stay for at least two further years at the helm of fidelity china special situations investment trust , he said he regretted a few of the decisions he has made during the fund ' s short life .

bolton was however positive on prospects for china , and said there were great investment opportunities there .

anthony bolton is considered the uk’s most successful stock market investor and fund manager . over twenty five years he delivered a market - beating return of 20 % in his fidelity special situations fund . how did he do it , and what can you learn from him ?

anthony bolton steps down today as a fund manager after a distinguished career . as manager of the fidelity special situations fund in the 28 years to 2007 , he achieved annual returns of nearly 19 . 5pc , turning a £1 , 000 investment into around £147 , 000 .

mr bolton said running a fund successfully was a team effort involving plenty of backup from his analysts .

his appointment has coincided with a bout of strong performance for the trust . its share price is up nearly 90 per cent since he took over , having trodden water under the initial stewardship of anthony bolton , at the time considered one of the uk ' s best investment managers .

nvestors in the fidelity china special situations trust have experienced plenty of drama over the portfolio’s short history . its listing in 2010 attracted a blaze of publicity because the trust was managed by anthony bolton , who had made investors in his fidelity special situations fund rich with annual returns of about 19pc .

anthony bolton is feeling the pressure . the 62 - year - old fidelity fund manager and darling of uk investors had wanted to “under - promise and over - deliver” when he launched the china special situations trust two years ago . it is an aim he has failed to achieve on both fronts .

looks like sour grapes . always count your fingers after a handshake in china . bolton should have known that .

despite the pressure and criticism from investors – one leading financial adviser said last week that he always had doubts that bolton could cut the mustard in asia and suggests that investors cut and run - bolton does not seem flustered .

bolton came out of retirement in april 2010 to run the china trust . over that period , it has outperformed the market despite difficult periods , with returns in recent months particularly strong . but bolton acknowledged he had made mistakes .

bolton emphasised that the chinese government would protect the four largest chinese banks , though he expected there would be defaults .

not a lot of people know that . . . bolton had never taken a finance exam until he arrived in china

anthony bolton was born in 1950 . he graduated from cambridge with a degree in engineering and business studies , going on to work at keyser ullman , then schlesinger investment management , before being recruited in 1979 by a former colleague to manage fidelity’s special situations fund . he ran the fund for 28 years , stepping down in 2007 .

' it was a well - planned transition , ' he says . ' i worked with anthony for 12 months and all the changes that were made we agreed upon . valuations have moved in my favour . '

after his retirement in april 2014 , bolton will continue as an adviser to fidelity and a trustee of its charitable foundations .

but the reason mr bolton gave for needing a team was deeper than that – and carries a lesson for private investors .

anthony bolton , the uk’s most successful stock market investor , tells the story of his contrarian approach to managing money . he provides invaluable lessons on the factors that really matter in picking a stock : the need to identify good managers , how to run a portfolio , the importance of value investing , reading charts and how to trade successfully .

anthony bolton is passionate about music . he composes in his spare time , and cites benjamin britten as a major influence on his own work . his choices for private passions include the elegy from britten ' s serenade for tenor , horn and strings , sung by ian bostridge . there is an opportunity to hear one of bolton ' s own pieces , a newly - recorded carol called a kiss for the baby , sung by oxford voices , directed by mark shepherd .

this authoritative and accessible investment classic promises rare insight into what it really takes to run money in a top - performing investment fund . anthony bolton , the uk s most successful stock market investor , tells the story of his contrarian approach to managing money . he provides invaluable lessons on the factors that really matter in picking a stock : the need to i

bolton said china was badly in need of reform , describing the chinese financial landscape as dominated by inefficient chinese state - owned companies .

bolton cut china integrated energy , whose shares had fallen by 90pc , from his portfolio and sold the vision opportunities fund , too .

those concerns have returned and bolton hints that he will buy another put option soon to protect the trust in the short - term .

bolton , 63 , will step down in april 2014 and be replaced by dale nicholls , currently manager of fidelity ' s pacific funds .

worth reading mainly because of who bolton is , and because professional investment memoirs are rare , rather than because the book is especially carefully crafted .

sanjeev shah , who succeeded one of britain ' s few star fund managers , anthony bolton , when he took over two years ago , has continued the fund ' s outperformance : while it has lost 4 . 22 % of its value , that is better than the 12 . 32 % drop in the stock market and puts him within the top 10 % of funds in the uk all companies sector .

one such stock was china integrated energy , which produced ethanol . bolton , having been impressed with the company after a meeting , bought some shares .

for long - term investors who want to stick with bolton and china this volatily in the difference between share price and asset value should not be troubling .

anthony weston assures us . step outside at dawn and catch the mere snippet of a bird’s song , and you are instantly transported back into this primal oneness with the world . it is only a matter of letting “the soft animal of your body love what it loves . ”

this authoritative and accessible investment classic promises rare insight into what it really takes to run money in a top - performing investment fund . anthony bolton , the uk ' s most successful stock market investor , tells the story of his contrarian approach to managing money . he provides invaluable lessons on the factors that really matter in picking a stock : the need to identify good managers , how to run a portfolio , the importance of value investing , reading charts and how to trade successfully . it ' s not easy to continually buy low and sell high . this book gives clear directions for doing well in the stock market , and doing well consistently . investing against the tide shows you how to make the right decisions at the right time . anthony bolton is considered the uk ' s most successful stock market investor and fund manager . over twenty five years he delivered a market - beating return of 20 % in his fidelity special situations fund . how did he do it , and what can you learn from him ? in investing against the tide , anthony bolton tells the story of his contrarian approach to managing money . he provides invaluable lessons on the factors that really matter when investing : how to pick a stock , the need to identify good managers , how to run a portfolio , the importance of value investing , reading charts and how to trade successfully .

anthony bolton is a celebrated investment fund manager who has recently apologised for the recent heavy losses on his fidelity china special situations fund , which he runs from hong kong . however , he is still a legendary figure in the investment world with 28 years running the hugely successful fidelity special situations fund and has been given the rubric “god of stocks” by chinese tabloids . investing against the tide passes on much of the wisdom he has accumulated during 35 years in the indust

not surprisingly , bolton has upped the due diligence stakes , employing several independent firms , and even has a team of private detectives scouring local newspapers to unearth anything untoward .

mr bolton ' s book is a decent legacy to leave after a stunning career in money managent and investing . there ' s a lot in this book that is useful

bolton likes the investment trust structure because many of the chinese companies he wants to buy are medium - sized or smaller , and their shares can sometimes be difficult to trade .

anthony bolton left cambridge university with a degree in engineering to begin a career in the city . he started as a graduate trainee working for keyser ullmann in 1971 before taking up a full time position as an assistant in their investment department . in 1976 he moved to schlesingers where he became , for the first time , an investment manager . in 1979 , aged 29 , he was recruited by fidelity , the international fund management group , as one of its first london - based investment managers , a move that proved to be the launch of a long and successful career . in surveys of professional investors , he is regularly voted the fund manager most respected by his peers . he retired from full - time investment management at the end of 2007 , but continues to work at fidelity as a mentor of the analysts and younger fund managers as well as being involved in overseeing fidelity’s investment process . his hobby is composing classical music . anthony bolton is married with three children and lives in west sussex .

that said , bolton admits that he still holds stocks that he has reservations about because this comes with the territory of investing in small and mid - sized companies – and china .

and , worse still , because private investors often withdraw their money when markets fall , bolton might find himself in the position of having to sell shares at the most disadvantageous moments .

but those who hoped that mr bolton could conjure up similar gains from china were left disappointed , and he quit the trust four years later with the share price barely above its flotation level .

yes , hargreaves landsdown and bolton owe all investors an apology and much more . quite incredible that bolton can go public with what can only be seen as an admission of mega - lack of due diligence on his part . lots of companies ( non - chinese as well ) tell lies when speaking to investors but it ' s not difficult to sit outside a factory gate and discover the truth ! but that would mean bolton had to get out of his chair and do some work i suppose . my failing was that i thought he was going to do that . . . .

paul bolton , pamela surkan , amber gray , marine desmousseaux . the mental health and psychosocial effects of organized violence : a qualitative study in northern haiti . ( in press , transcultural psychiatry ) .

from december 1979 until end of 2007 , anthony bolton ran the fidelity special situations fund . over this 28 year period the fund achieved a remarkable annualised return of 19 . 5 % , outperforming the market by 6 % per annum while the funds under management grew from c . £2m to £6 . 5bn before the fund was split . £100 , 000 invested with his fund in 1979 would have been worth £14 . 7m by the end of 2007 , compared to £3 . 4m in the market . he retired from active fund management in 2007 , returning in 2010 to launch the fidelity china special situations fund which he currently runs from hong kong . anthony will end the conference with a special q & a session during which he will answer delegates questions on his lifetime of investing experience , china and other topics . he is the author of “ investing against the tide : lessons from a life running money ” .

bolton is not expecting china to have a hard landing and says it “will not collapse tomorrow” . he has learnt some harsh lessons and is betting on the consumer growth story to resurrect his fund’s fortunes .

nthony bolton ' s stellar reputation as a fund manager took a dip when tens of thousands of small investors piled £580m into his fidelity china special situations fund three years ago – and then lost a quarter of their money . but after a rally in the shanghai and hong kong stock markets , the fund has made up nearly all its losses . will 2013 be the year when bolton finally starts to deliver ?

david holder : following a recent meeting with dale nicholls , fund manager of the fidelity china special situations trust ( fcss ) , we ' ve upgraded the morningstar analyst rating from neutral to bronze . the key driver of our increased confidence is the quality and assuredness of the management of dale nicholls . whilst his tenure here is relatively short - he formally took over from fidelity legend anthony bolton in april 2014 - his investment experience with the chinese market goes back to 2003 when he began managing the successful fidelity pacific fund , which has a significant exposure to chinese equities .

“it found nothing was going on , ” says bolton . “but the next day , when an investor tour turned up , everything ramped up and started working again . a day later everything stopped again . ”

it was a hugely popular launch , attracting £460 million in 2010 from investors fascinated by bolton , a veteran uk and europe fund manager , coming out of retirement to try his hand at investing in china .

and for new investors wanting to back bolton , it is certainly cheaper to do so today ( the discount is around seven per cent ) than at almost any time in this fund ' s volatile history .

antony bolton ' s £610m fidelity china special situations trust returned 8 . 42 % in the three months to 31 december , compared to the msci china return of 1 . 5 % , according to latest figures .

paul bolton , laura murray , judith bass . ‘school based intervention improves ptsd symptoms in children affected by political violence ( commentary ) . evidence based mental health 10 / 3 / 09 15 : 43 : 34 .

he gave as an example a company whose initial public offering document stated that it had 1 , 000 stores . bolton found that was far from the truth . ‘it seemed to have only 500 , ’ he said .

much of the book regards mr bolton ' s wealth of preparation for choosing stocks . one simple takeaway is the necessity of having historical valuation charts that pass through an entire business cycle . ideally , the investor desires a chart of a period longer than 10 years showing the price / earnings ratio or other valuation measure alongside the straightforward share price chart . that ' s important , mr bolton says , because an investor should . . .

bolton will have plenty of time to compose when he clocks - off for good but he is too captivated by the buzz and energy of china to do so just yet , despite the polarised view on the country .

not that bolton is getting too carried away . last year he bought a put option ( a protection against falling share prices ) on the korean kospi stock index to protect against rising tensions between north and south korea .

mark dampier , head of investment research at hargreaves lansdown , which was among the promoters of the fund , said : " anthony has had a fantastic career ; he is rightly regarded as one of the best active managers of recent decades . his china fund ' s performance in recent years has tarnished this record slightly , though it has shown signs of recovery in the past year . "

though nicholls is modest enough to acknowledge the great platform left by bolton – and that timing has worked in his favour – there is no doubt that the 49 - year - old australian has licked the trust into good shape .

unlike bolton , who moved to hong kong to run the trust having spent his life focusing almost exclusively on uk stocks , nicholls has worked most of his life in the far east – tokyo , singapore and now hong kong .

" with a small company i could go to a meeting with the management and come out knowing more about that firm than anyone else , " mr bolton said . " that ' s not possible with a larger business . "

bolton stayed on to stabilise the situation , however , with the nav recovering 13 . 3 % in 2012 and by 35 . 9 % the following year . in 2014 , when nicholls succeeded bolton , the portfolio rose by nearly a third , with dividends included in the total return , and in the following two years advanced 12 . 4 % and 17 . 5 % . in the first five months of 2017 the nav has surged 18 . 7 % .

known as the kingmaker in several multibillion pound city deals , bolton shot to fame in 2003 when he orchestrated the sacking of michael green , then chief executive of carlton communications , earning him a title he loathes : the quiet assassin .

but bolton had his very own annus horribilis in 2011 and the trust’s value plunged by 30pc . although the trust has held its own over recent months , investors who bought shares exactly two years ago have yet to make a penny .

paul bolton , wietse a . tol , judith bass . ‘introduction to special issue : combining qualitative and quantitative research methods to support psychosocial and mental health programmes . ’ intervention 2009 , volume 7 , number 3 , page 181 – 186 .

in 1979 , aged 29 , he was recruited by fidelity , the international fund management group , as one of its first london - based investment managers , a move that proved to be the launch of a long and successful career . in surveys of professional investors , he is regularly voted the fund manager most respected by his peers . he retired from full - time investment management at the end of 2007 , but continues to work at fidelity as a mentor of the analysts and younger fund managers as well as being involved in overseeing fidelity ' s investment process . his hobby is composing classical music . anthony bolton is married with three children and lives in west sussex .

speaking at an event yesterday to mark his last day in charge of the trust , bolton claimed that in his four years at the helm he had ‘met some of the best companies i have ever seen , and also some of the worst’ .

bolton notes that a contrarian needs a good grasp of psychology to be able to go against the consensus – as he once wrote in the daily telegraph : “know why you own a stock , know what’s discounted in the price and know yourself” .

bolton has also found time in his “relentless” schedule ( an analyst report is rarely out of his sight ) to compose music on his computer for a collection of eight chinese poems . he will hear the final recording in two weeks ' time .

judith bass , bhava poudyal , wietse tol , laura murray , maya nadison , paul bolton . ‘a controlled trial of problem - solving counseling for war - affected adults in aceh , indonesia . ’ social psychiatry and psychiatric epidemiology ( in press ) .

however , the bit of china we see most in the west – its enormous export machine – is about the worst place for investors , says bolton . " the exporters are being squeezed by a stronger currency and higher wages , " he warns .

anthony bolton is perhaps uk ' s most successful stock market investor . in surveys of professional investors , he is regularly voted the fund manager most respected by his peers . in this book he talks about his contrarian approach to managing money . the book reveals a surprising simplicity in his methods . it has useful insights about picking a stock , the need for good managements , how to construct a portfolio , the importance of financial parameters as well as charts . his style is value - based , with a touch of technicals . the book is short and easy to read , and would be more useful for people who are new to investing rather than the seasoned investors . however , all his ideas are thought provoking .

mr bolton said two things were important when choosing which shares to buy : the fundamentals of the company and stock market sentiment . " ideally you get both right , " he said . " i would avoid buying even a good company when sentiment is poor . "

the quintessentially british bolton appears content on foreign soil but he has made no secret of his desire to return to the uk once he hands over the reins of the china fund to a colleague . he has a shortlist already , but won’t reveal who is on it .

but he added that timing the market was difficult , as his fidelity china special situations fund showed . it lost about 30pc of its value in its first 18 months , before recovering all its losses and more recently . " markets always overreact , " mr bolton added .

“it was as bad as i have ever seen , ” he says in an interview in shanghai . liquidity in the hong kong market dried up and his portfolio , which was positioned for a bull market , had nowhere to run to . several of bolton’s holdings plunged 10pc overnight .

bhava poudyal , judith bass , theodora subyantoro , abraham jonathan , theresia erni , paul bolton . ‘assessment of the psychosocial and mental health needs , dysfunction and coping mechanisms of violence affected populations in bireuen , aceh . ’ torture 2009 : 19 ( 3 ) : 218 - 226 .

the latest full - year results show nicholls has generated a 101 . 8 % total return from the highly geared portfolio of chinese stocks since he took it over from bolton in april 2014 . over the same period the msci china stock market index has gained 60 . 6 % .

in this account of financial accomplishment , bolton reveals the secrets of his success . it ' s not easy constantly to buy low and sell high and this book gives clear directions for doing well in the stock market , and doing well consistently . chapter by chapter investing against the tide shows you how to make the right decisions at the right time and featured key lessons show you how you really can learn from a life running money . investing against the tideis an authoritative guide for investment professionals , offering them a rare insight into what it really takes to run money in a top - performing fund , as well as providing amateur investors the chance to learn the stock - picking strategies from a leading money - manager . about the author anthony bolton left cambridge university with a degree in engineering to begin a career in the city . he started as a graduate trainee working for keyser ullmann in 1971 before taking up a full time position as an assistant in their investment department . in 1976 he moved to schlesingers where he became , for the first time , an investment manager .

the launch story for the fund in 2010 was seductive . bolton was convinced a consumer revolution would follow china ' s industrial revolution , and invested in the type of consumer - friendly stocks that would benefit . but after an initial surge , which took the share price from £1 to £1 . 25 , his fund fell to a low of 70p , a drop of over 40 % and a significantly worse performance than the china index . in perhaps the most embarrassing failure , one of bolton ' s investments , china integrated energy , lost 90 % of its market value .

according to morningstar , that leaves the £1 . 2 billion trust with an annualised three - year return to the end of may of 29 . 6 % . this is a a bit more than the five - year 27 % annualised return which includes some of bolton ' s period in charge .

interesting how mark dampier of hargreaves lansdown was dissing the fund prior to launch - headline in moneymarketing : " dampier repeats concerns over closed - ended launch for fidelity ' s bolton " . that was before they learned h - l would have their palms crossed with 0 . 5 % commission of course .

addressing concerns that debt to gdp in china has spiralled to around 230 % , bolton said that most of this was corporate debt , and that the debt had been investment led rather than consumer led , unlike what happened in the west in the run - up to the 2007 - 08 credit crunch .

“stock markets are like a pendulum , ” says bolton . “they swing from the bottom of a bear market , when investors are very cautious and valuations are low , back up to the middle of the cycle , when stocks are fairly valued , and then to the top , when stocks become overvalued .

as an investment trust the share price of fcss does not merely reflect the value of the trust ' s underlying holdings . it is a reflection of how the market views the fund and its prospects . and since the fund ' s launch in april 2010 , that sentiment has swung brutally against bolton .

such was his reputation as the manager with the midas touch , he could never under - promise , whether he liked it or not . it was taken as read that following bolton would make you money . it is why tens of thousands of people rushed to snap up shares when the china trust listed in april 2010 .

bolton makes a valid point . the european trust returned 1 , 802pc - turning £1 , 000 into £19 , 024 - while he was in charge between 1985 and 2002 and was consistently a top performer . it is a track record that gives his loyal band of followers’ hope that he can orchestrate a rescue of his china trust .

in april 2010 bolton hailed china as the " investment opportunity of the next decade " but the performance of the country ' s stock market has been poor almost ever since . the china fund sector is the worst performing of all sectors in the past three years , registering a loss of 0 . 6 % . this compares , for example , with gains of 40 % for uk equity funds , 39 % for us equities and 35 % for european equities . " worse still is that bolton ' s trust has significantly under - performed many other chinese funds , " said patrick connolly of advisers chase de vere , adding " we never recommended it to our clients . "

last year bolton said he would extend his time in hong kong in a bid to reverse the losses suffered by small investors in his trust . in recent months , the performance of the trust has improved , rising from a low of 71p in september 2012 and even touched its launch price of 100p before falling back again as markets worldwide have dipped .

the blow - up at china integrated energy has not deterred bolton from investing in power companies . he reckons that a difficult time for power companies , which have been unable to pass on rising costs of coal and other raw materials , may now be over . he likes huaneng power international , which he believes will benefit from recent falls in coal prices . he is also investing in what china hopes will be a shale gas revolution akin to that in the us – but bolton prefers the companies supplying services to the explorers rather than the explorers themselves , investing in anton oilfield services and spt energy group . since october last year , the share price of spt has doubled while anton is up 150 % .

this enviable record was tarnished by a weak performance when he launched the fidelity china special situations investment trust in 2010 , but its fortunes are now bouncing back . the portfolio is up by 22pc over the past year , compared with a 9pc fall in the msci china index . mr bolton has written several investment books and will remain an adviser at fidelity .

ii . members present : dean sweet jr . , steve plemmons , mike wood , dan schultz , carl chaffee , nancy hawkins , walter pett ( arrived at 7 : 04 p . m . ) members absent : none staff present : superintendent susan bolton business manager jon pechette high school principal greg wieman middle school principal melody hasselback elementary school principal kathleen senita

a . professional development days superintendent susan bolton presented information regarding professional development days as required and directed by the state , the bath education association contract , federal and / or state program ( s ) or law . b . additional opportunities superintendent bolton mentioned that other opportunities for professional development include curriculum related training at conferences and workshops , professional organization conferences , etc . c . technology - related training technology coordinator doug murphy addressed the technology portion of the professional development . he gave board members copies of pages off the bath community schools ' web site . he pointed out the tuesday afternoon meetings currently running to address problems that staff is having . he stated that he has had up to five teachers stay on tuesdays to attend the workshops .

investing against the tide ( anthony bolton ) it ' s one of few books that recounts investing from the perspective of an european fund manager . the book is in form of small , easy to read chapters . there is a summary of all the chapters at the end of the book . it include all the major rules of investing as well as some ideas specific to the author . major ideas from the book include : 1 ) look for anomalies in intrinsic value and market price . 1a ) every stock you own should have thesis . 2 ) look for out of favor companies . 3 ) takeover targets , recovery stocks might offer value . 4 ) find out the ratios and metric that are relevant for the industry / company . 5 ) think in terms of level of conviction rather in terms of prices , buy / sell in increments . there are many small things that have been touched upon by the author . however , if you had read other books on investing and especially value investing you can skip this one .

little is known of bolton ' s own personal fortune . as an employee , he has shared in the income stream from the funds , which in the case of the china fund is worth around £5 - 6m a year . but his personal wealth is much greater , and tied up in his holdings of ' career shares ' in the group . fidelity is a privately held company , still effectively controlled by the johnson family , who founded the firm in the us in 1949 . bolton joined fidelity ' s uk operation in 1979 , and was among the few senior managers to be invited to buy shares in the company , which will now be worth many millions of pounds . these do not vest in their entirety until the senior manager departs .

having made hay while the chinese sun shined , why do all these pundits and fund managers like bolton now have to rubbish chinese economic prospects - it ' s reminiscent of a certain mr ratner ' s famous statement that the products he sold were c * * p . all business communities have their share of ' great liars ' ( including the uk ' s ) . live with it !

much of the money , annoyingly , goes straight to fidelity , the manager contracted to run the portfolio . in return for - well , what ? fidelity is paid an unusually steep annual management charge ( amc ) of 1 . 5 per cent of the trust ' s assets , plus an additional ( and generous ) performance - related fee . the commission - whether fidelity chooses to pocket it or pass it on elsewhere - comes out of the 1 . 5 per cent amc . turn the clock back to the launch of this investment trust last spring . china was a rather more dazzling investment prospect back then , so interest was high . the portfolio was to be managed by the much - hyped fidelity manager anthony bolton , right . money poured in . it is highly unusual for investment trusts to saddle themselves with the extra expense of commission ( the unit trust industry does it , routinely , which is why ' financial advisers ' tend only to promote unit trusts - and also why cost - conscious investors often prefer investment trusts ) . critics immediately asked : what was the commission for ? fidelity ' s head of retail investments , rob fisher , answered that the commission was to pay intermediaries , such as financial advisers , to give advice . in his view the potent combination of ' star ' bolton and the high - risk chinese asset class could mean that naive investors would get sucked in . the answer , apparently , was to charge these naive investors more . ' we want to ensure a mechanism by which investors can pay for advice , ' said fisher , pictured .

bolton ' s selections begin with the gorgeous trio soave sia il vento from mozart ' s cosi fan tutte , and end with the act ii love duet between miranda and ferdinand from thomas ades ' opera the tempest . in between he has chosen an extract from the presentation of the silver rose scene from strauss ' der rosenkavalier , part of mahler ' s resurrection symphony , and joni mitchell singing the silky veils of ardor .

in this account of financial accomplishment , bolton reveals the secrets of his success . it’s not easy constantly to buy low and sell high and this book gives clear directions for doing well in the stock market , and doing well consistently . chapter by chapter investing against the tide shows you how to make the right decisions at the right time and featured key lessons show you how you really can learn from a life running money .

paul bolton ' s main areas of expertise are program design , implementation , monitoring and evaluation . his work treats all four elements as part of an integrated whole in which applied research methods play a core role . he uses this approach to conduct needs assessments and to plan and evaluate programs with service providers including major ngos . this work has encompassed programs dealing with physical health ( including infectious diseases ) and more recently psychosocial problems in north america , latin america , sub - saharan africa , central and southeast asia , eastern europe , and the caribbean . much of this work has been with refugees and internally displaced persons during the disaster post - emergency phase , persons affected by violence , and other adults and children living in difficult circumstances . dr . bolton has also conducted program evaluations of psychosocial interventions in africa and asia in the form of randomized clinical trials .

the poor run has played a key part in bolton’s decision , announced last week , to extend his stay in hong kong until at least 2014 – he originally said that he would manage the trust until 2013 . but he is adamant that he is not staying on to salvage his reputation – the cambridge engineering graduate turned an outlay of £1 , 000 into £148 , 200 during his 27 - year tenure managing fidelity uk special situations fund .

bolton stuck to his contrarian value approach , thus dodging the tech bubble in the late 1990s . this hurt his returns in the run up to the crash , but greatly enhanced them during the slump . he also controversially but successfully invested in airlines , hotels and insurers after september 11 . but his most famous moment was when he used his shareholding in itv to prevent michael green of carlton communications becoming its chief executive in 2003 , earning him the nickname “the quiet assassin” .

c . approval of purchase of bus moved by sweet , supported by pett that the bath community schools board of education adopt the resolution authorizing superintendent susan bolton or her designee to solicit and accept financing bids for the purchase of a bus . aye : wood , pett , schultz , plemmons , sweet , chaffee , hawkins . nay : none . motion carried . vii . adjournment moved by sweet , supported by schultz to adjourn at 9 : 29 p . m . motion carried unanimously .

shah remains a fan of the banks , arguing they are now well capitalised and well positioned to take advantage of an economic recovery . he has just half the fund bolton ran : the other half was converted into a global special situations fund three years ago and is run by jorma korhonen . the fund is close to the bottom of its sector over three years , with a 12 . 1 % fall in value , but has gained 31 % over the last year , well ahead of rival funds .

each investment should have a clear , explicable investment thesis , and should only be sold if that thesis has been changed . don ' t sell just because the price has fallen , mr bolton says . at the same time , if information undermines the original thesis , the investor is advised not to stay in it in an attempt to make the money back , to prove the original idea . sell if the thesis has changed , if you find something better , or if the valuation target is hit .

another excellent read on money management . bolton ' s style is value - oriented yet acknowledges that unlike private investment companies like berkshire , mutual / hedge funds are measured against the market - - and his style and analytical techniques - - fundamentals with a technical overlay - - reflects this . a few specific comments reflect his bias to fundamental stock picking - - e . g . he finds it easier to manage macro risk via stock selection , rather than blunter instruments . also , he doesn ' t really

nearly all mr bolton ' s bad investments in this period involved companies with poor balance sheets . it is an area of analysis he feels is underserved by brokers and underestimated by fund managers . investors should consider not just bank debt , the debt profile and the covenants in place , but a company ' s bonds and other liabilities . the author used companywatch ' s ' h ' score ( ' z ' scores and other metrics are available ) to gauge the likelihood of financial distress at a company in question .

but the last three months have been kinder to bolton . china special situations ' share price has jumped from 70p in september last year to touch 98p in recent trading , or just a whisker from its 100p initial price three years ago . his biggest holding , tencent , an internet company that has more than 700m active users of its instant messaging service and up to 145m on the system at any one time , has seen its share price rise from hk $ 200 to hk $ 280 over the past year .

bolton is probably best described as a contrarian value investor , looking out for “cheap” ( trading on a low price / earnings ratio , for example ) , unloved stocks that he believed the market was overly pessimistic about . like peter lynch , who also worked at fidelity , he took a “bottom - up” approach , conducting extensive research on a company’s business model and prospects . he particularly liked small firms , and “turnaround” situations – troubled stocks where improving performance or skilled new management was not yet being recognised by the market .

" hardly ever would i buy a share where i believed the valuation appeared correct , " writes the ex - fidelity manager . investing in shares that are historically cheap on a certain valuation metric provides a margin of safety , it is argued , against price falls . mr bolton invested on a timeframe of one to two years , and did not have a favourite valuation measure : he would use a range from pe , to price - to - book , to cash flow return on investment , depending on the industry .

from december 1997 to december 2007 , the special situations fund returned 19 . 5 % a year , compared to 13 . 5 % for the ftse ( including dividends ) during the same period – enough to turn a £10 , 000 investment into more than £1 . 4m . however , his chinese comeback was far less successful . the fund was down 30 % at one point and investors left in droves . bolton blamed poor corporate governance and rampant fraud in china . however , even here he beat the market during his time in charge .

mr bolton says his ideal number of holdings - were he not compelled to hold more according to the liquidity demands of a large open - ended fund - would have been 50 . this should represent , as far as possible , a ' start from scratch ' portfolio , and each month he would track his conviction for those holdings under headings from ' strong buy ' to ' reduce ' . every quarter , he would review his watchlist of potential buys to explore those where the investment case had strengthened , and cull those where it had weakened .


nobody beats the wiz was a chain of electronic stores in the northeastern united states , located primarily in new york , pennsylvania and new jersey .

some locations were in canada as well .

the wiz ( store )

the wiz ( store ) <EOT> wiz khalifa - in - store appearance @ gotsole ? sneaker boutique in indianapolis on 10 . 3 . 09

all of this means the app store can never go down , kordek says .

another clerk , however , said he was not surprised that the store was picked , given that there is a much larger wiz nearby at avenue of the americas and 31st street and that the company ' s flagship store is at fifth avenue and 46th street . he speculated that the store ' s appearance may also have been a factor .

run permissions wizard and message store configuration wizard to select the new partner exchange server for unity .

t - pain - 5 o ' clock ft . wiz khalifa , lily allen

please note : if you change the store language / currency , your shopping basket will be cleared .

commercial of local new york electronics store the wiz from 1986 ! during the heyday of electronics during the eighties , nobody could beat the wiz . well , maybe crazy eddie could , but he was crazy ! from christmas 1986 . brought to you by saturday morning alive ! see more at : urltoken urltoken

you could own a piece of wiz khalifa’s no . 1 hit | news & observer

24 - year - old raises $ 6 . 6 million for bitcoin app store - business insider

at the fifth avenue store , sales clerks learned from a reporter that their store would close . ' ' i ' ve worked here for four years and every person in this store is my friend , so i ' m sad , ' ' said one employee who spoke on condition of anonymity .

the gang dances their way to the wiz at 11th and market for the final exterior shot of the episode , which features a philly electronics store dressed up as it ' s always sunny ’s the wiz . the store , however , is closed , and the group pleads with a man to fix their vcr , to which he responds by calling the police . with that , charlie believes he has learned the lesson the group must learn to turn white once again .

after nobody beats the wiz ' s demise , marvin jemal seemed to struggle to find the next big thing .

nobody beats the wiz tv ads touting one sale after another became pop - culture phenomena . in one seinfeld episode , elaine fell in love with a nobody beats the wiz pitchman . " he ' s not idiotic . he ' s the wiz . and nobody beats him , " elaine said . " nobody . "

marvin jemal , a co - founder of nobody beats the wiz , pleaded guilty to fraud on thursday .

the company said on tuesday that the bankruptcy filing and store closings were prompted by a ' ' general softness in the consumer electronics industry . ' ' retail analysts agreed with that assessment , but added that the wiz also made the mistake of opening too many stores .

i ' d like to receive relevant emails from wiz khalifa & their partners . by registering , i acknowledge that i have reviewed and agreed to the privacy policy and terms of use , and i agree to receive marketing messages from wiz khalifa and their affiliates with the latest news , updates , and information about wiz khalifa .

besides the fifth avenue store , one of 11 wiz stores in manhattan , the other wiz outlets to be closed are in lake grove , manhasset , hicksville and sayville on long island ; holmdel , old bridge and moorestown in new jersey ; danbury and milford in connecticut ; middletown , albany and syracuse in upstate new york , and the four in washington .

instead , the app store will focus on paid apps . the app developer can take a fraction of each financial transaction that takes place .

39 . " dad look , it ' s the good kush . " this is the dollar store , how good can it be ? "

kordek and beddows got the idea for lisk from the crypti foundation , the previous company where they worked , which was developing a similar kind of app store .

this is mainly an electronics store , but they also carry a limited selection of cd ' s , tapes and videos .

but this idea that the next generation app store will be built on blockchain , whether by lisk or someone else , seems increasingly likely .

nobody beats the wiz stores was where new yorkers bought their tvs , compact - disc players and phones 20 years ago . the retailer’s ever - present ads infiltrated pop culture , with elaine falling in love with a nobody beats the wiz pitchman in one episode of seinfeld .

lisk is two things : a new kind of app store , and a new form of internet money , similar to bitcoin .

that sets off a lightbulb for mac , who remembers “that electronics store on market street , the wiz . ” the gang agrees to head down to the shop as a last - ditch effort , and sings out the scene wondering “what are the rules of being black in america” and “who can say the n - word . ”

kordek had to build a new cryptocurrency in order for the financial exchange part of his app - store network to work fast enough to run an app .

message store configuration wizard is a tool which you run after cisco unity installation and configuration assistant ( cuica ) where you choose partnership with either microsoft exchange server or lotus domino . you need to decide where to home new mailboxes in your message store when they are added through the cisco unity system administration windows .

on tuesday , when the retailer filed for protection from creditors under federal bankruptcy laws , the company said that the stores it would close would be mainly those farthest from new york city . but a wiz store at fifth avenue and 33d street is on the list , as are several stores in the suburbs close to the city . four of the 17 stores to be closed are in the washington area .

but we digress . . . it ' s the middle of the week . light one up and press play on wiz ' s take on " closer . "

the locations of the stores to be closed and the list of the main creditors were supplied by joshua peck , a spokesman for the wiz ' s law firm , kramer , levin , naftalis & frankel in manhattan .

first and foremost , lisk is a new kind of app store built on the same kind of technology used by bitcoin to keep track of who owns how many coins .

the 17 stores that the wiz inc . will close as part of its bankruptcy filing are spread evenly throughout the northeast and include one in midtown manhattan , the electronics retailer ' s law firm said yesterday .

wiz khalifa has made a career off his sneaker endorsements . using converse ' s classic " chuck taylor " sneaker to inspire his taylor gang group , wiz ' sneaker influence increased when he inked a deal with converse back in 2013 . khalifa has released his own collab with converse since , and is still available today . the collection has been his only collaboration so far , but we ' ll have to see where wiz goes with converse .

the company , the largest consumer electronics retailer in the new york region , has 50 nobody beats the wiz stores . its bankruptcy filing listed $ 354 . 6 million in debts and $ 318 . 2 million in assets . the single largest creditor is congress financial corporation of manhattan , which lent the wiz $ 150 million . its claim was listed as $ 139 . 6 million .

nelson brandt , a u . s . coast guard pilot , invested every penny in a venture founded by nobody beats the wiz co - founder marvin jemal .

mr . peck said that at an average of 84 employees per store , the closings would cut about 1 , 420 jobs from the company ' s 4 , 200 - person work force , assuming the company made no effort to retain displaced workers . officials at the wiz ' s headquarters in carteret , n . j . , declined to comment , referring all inquiries to the law firm .

mr . jemal , 60 , is the second member of his brooklyn family to be convicted of a crime since the demise of nobody beats the wiz . his older brother , a prominent washington , d . c . , developer named douglas jemal , was convicted at trial in 2006 for defrauding a lender . read more about the family and their challenges after nobody beats the wiz here .

like the now - defunct crazy eddie , another electronics and appliance retailer run by a syrian family from the same part of brooklyn , nobody beats the wiz succeeded with a combination of aggressive discounting and nonstop advertising .

costume for glinda the good witch in the wiz on broadway , 1975 . created by geoffrey holder . gift of the black fashion museum founded by lois k . alexander - lane , 2007 . 3 . 11 .

lawrence was president and younger brother marvin was executive vice president , but both ran the company , according to billy weinstein , a consultant who worked with the retailer . stephen ' s main role was store construction .

kordek believes that many of the people that invested were less interested in the app store , and just " speculating on " the price of the new coin , he says . that ' s what happened with a cryptocoin called ethereum , he notes .

the wiz ' s largest competitor , circuit city stores of richmond , va . , with 13 stores in the new york metropolitan area , said it planned to almost quadruple its presence in the region by late 1999 .

the amazing wizpad scribe pc tablet at 10 % off today till tomorrow only . plus plus plus 50 % off on your choice of select redfox gadget ! visit redfox store at the cyberzone , sm north esda today !

after cablevision shut down nobody beats the wiz , marvin jemal tried to rekindle the magic by opening stores called the zone . he even trademarked the slogan " nobody beats the zone . " the stores closed in 2005 , and he filed for bankruptcy the same year to shield his assets from creditors .

playbill from the wiz , 1975 . published by playbill . gift of kayla deigh owens , playbill used by permission . all rights reserved , playbill inc . , 2011 . 45 . 98 .

marvin was one of four jemal brothers who helped launch nobody beats the wiz in 1976 . the chain was named after their father’s favorite broadway show . by the late 1980s the appliance shops had spread from brooklyn to all over the city and by the early 1990s the brothers were making so much money they thought about buying the baltimore orioles .

a version of this article appears in the april 14 , 2014 , print issue of crain ' s new york business as " nobody beats the wiz kids for alleged fraud after family related chain ' s demise " .

although the wiz said the bankruptcy would give it the ' ' flexibility to restructure its finances and reorganize , ' ' analysts seemed less sanguine about the company ' s prospects . ' ' the wiz has been struggling for its life for over a year and the struggle continues , and the outcome of that struggle at this moment is very much in doubt , ' ' mr . barnard said . ' ' there is no assurance at this time that they will come out of chapter 11 . ' '

lisk also made another promise to investors . the $ 6 million worth of bitcoin raised was put into escrow , meaning the cofounders can ' t touch it to hire people or pay for bills until they launch their app store and network .

whatever that lesson is , however , fades away as the next scene arrives to reveal that the entire body - switching mess was a dream in the mind of old black man , who had fallen asleep while watching the wiz . he is the first to realize that the gang didn ' t learn any lesson in the episode .

in late 2006 , a u . s . coast guard pilot named nelson brandt was invited for dinner at the home of someone who had once been one of the city ' s most successful retailers , nobody beats the wiz co - founder marvin jemal .

costume oil can prop güira for tin man in the wiz on broadway , 1975 . designed by geoffrey holder . gift of the black fashion museum founded by lois k . alexander - lane , 2007 . 3 . 7 . 4 .

max kordek is a 24 - year - old bitcoin wiz from germany . next week he and his co - founder , 37 - year - old oliver beddows , will launch their company ,

but there ' s a few other things this app store will do . security and privacy are built in . it won ' t be able to mine users ' data , letting people keep their data private .

the costumes designed by holder provide a window into 1970s urban black life as represented in the art form of musical theater . holder was born in trinidad and moved to new york when he was in his twenties . the costumes he designed for the wiz reflect his caribbean - american experiences as well as the styles of african diasporic culture popular in the 1970s .

the gang meets up in an old city alleyway to discuss their next steps . after another rendition of “what are the rules , ” charlie joins the group with dee’s busted vcr , and suggests that they can get it fixed to get shocked again while watching the wiz , which might turn them white again .

eddie antar said he wasn ' t friends with marvin jemal but confirmed he once got a german shepherd puppy from douglas jemal . he denied any business dealings between crazy eddie and nobody beats the wiz , although sam antar maintains the business relationship he described is accurate .

the good times didn ' t last , though . big - box retailers like best buy and circuit city muscled in , and nobody beats the wiz filed for bankruptcy a few days before christmas in 1997 . cablevision bought the company a few weeks later for $ 80 million , only to close the stores for good in 2003 .

this one , however , is no " the nightman cometh , " and is much more pointed than the gang ' s first musical episode . in the episode , the gang “turns black” after being shocked by an electric blanket while watching the wiz with old black man ( played by wil garret ) , who previously appeared in season 11’s “ mac & dennis move to the suburbs . ”

the chainsmokers ' track " closer " has been one of the most popular songs of the last twelve months , seeing remix after remix after remix . and now , thanks to one of team weed ' s most notable pop culture ambassadors , wiz khalifa , " closer " has received an injection of that herb life .

supreme has reached its level of popularity through business practices that most brands would find unconscionable . the brand , as a whole , does not seem eager to please . the in - store staff is mostly aloof , surly . ( in the nineteen - nineties , staff members were known for walking up behind customers and menacingly telling them that they could not touch the clothing until they bought it . ) staff members keep a handful of sold - out items in the back for when their friends come in . the store’s speakers play rap and heavy metal at nearly wall - shaking volume in the middle of the afternoon . perhaps most important , the brand makes a lot of clothing that its employees know they will not sell—they sometimes express surprise that customers are buying certain items .

using what was left of the $ 250 , 000 investment they had secured for cicada as well as a big part of the technology built for that app , yang and zhu launched urltoken in 2014 , first in the united states . they got lucky : it went viral , landing in the app store’s top 40 in less than a year . it hasn’t budged since .

inside a run - down mall off of elizabeth street in chinatown , down an escalator to the basement and past a raft of empty storefronts , is a minuscule store , the size of a walk - in closet , that’s quietly at the center of a peculiar global fashion empire . it has no sign and it’s not on the mall directory . it’s impossible to find on google .

this file photo taken on december 31 , 2015 shows singers charlie puth , left , and wiz khalifa performing during a new year’s eve event in times square in new york . “gangnam style , ” the quirky south korean video that spawned a global dance craze and went so viral it nearly broke youtube , has been dethroned as the most watched video . after four and a half years as youtube’s most seen video , “gangnam style” slipped late july 10 , 2017 , to number two , replaced by “see you again” by wiz khalifa and charlie puth .

' ' my guess is they chose this store because it would take a lot to remodel it , ' ' said the clerk , who also spoke on condition of anonymity . ' ' customers today are looking for a high - tech atmosphere , and this looks like it ' s out of the 1970 ' s . ' '

as the truck rams the car over the cliff and falls off in the final film , there is a low roar sound effect that the filmmaker included to emphasize the death of the truck . spielberg , who wanted the truck to seem

but big - box retailers like best buy put the nobody beats the wiz out of business and marvin jemal struggled to find a successful new venture . in 2005 , he filed for personal bankruptcy . around that time he met nelson brandt , a coast guard pilot and heir to a $ 20 million broadway theater fortune .

“i’ve brought in seven figures a year for the last two years , ” said peter , the owner of the store , a thirty - year - old who refused to give his last name or be photographed . “i can’t show my face—i’m under a lot of eyes , ” he said , sitting on a stool inside unique hype collection last week . ( peter was actually under only four eyes : two posters of lady gaga looking at the camera while modelling a supreme t - shirt hung on the ceiling above him . ) “i do everything myself . with the ebay store , i even pack it and ship it myself , ” he said , before pausing and thinking about this for a second . “actually , i don’t drive myself . i have a driver . ”

if you’ve ever wanted to “own” a no . 1 single , here’s your chance : a royalty interest in wiz khalifa’s hugely popular 2015 hit “see you again” is up for sale , with bidding set to close at 5 p . m . eastern time aug . 7 .

supreme clothing is peter’s signature stock in trade , although he resells a handful of pieces by similar menswear brands if their prices are right . ( he also owns a collectible - card store . ) the real supreme has been based out of a store on lafayette street in soho since it was established in 1994 ( and now operates stores in london , los angeles , and six in japan ) . it was founded by the then - thirty - year - old british émigré james jebbia , who also had a hand in starting up the downtown skate meccas union and stüssy . he is now known among fans of supreme for his reclusiveness and gruff demeanor , especially with the press , because of his dissatisfaction with supreme being pigeonholed as skateboarding clothing , and therefore crappy .

shortly after the 2006 dinner party at marvin jemal ' s home , mr . brandt made his biggest bet yet , investing $ 12 million in a luggage business called ene group , whose initials stand for " excellence never ends . " the company was mr . jemal ' s biggest success since nobody beats the wiz , generating $ 10 million in annual revenue and employing 20 people , according to prosecutors .

eagle - eyed viewers will catch the word “flammable” scrawled across the back of the truck , yet when it careens off the cliff at the end of the movie it doesn’t go boom . the studio wanted a big explosion , but the director wanted a slower demise for his film’s villain .

after crazy eddie collapsed in an infamous 1980s accounting scandal ( and eddie and sam antar were convicted of fraud ) , business at nobody beats the wiz really took off . by the mid - 1990s , it had 2 , 000 employees working in 94 stores and , according to a website for a company run by stephen jemal , annual revenue of more than $ 1 . 5 billion .

but in 1997 nobody beats the wiz went bankrupt . by 2003 its stores had disappeared altogether . on thursday , one of the company’s co - founders , marvin jemal , suffered a personal low when he appeared in a federal courtroom to respond to charges that he defrauded a bank by providing fake invoices and shipping documents in exchange for $ 7 million in loans for a luggage business he ran .

if you have a teenager , have been near a teen lately , or are just young at heart , chances are you’ve heard of musical . ly . the almost 2 - year - old app that encourages users to lip - sync to 15 - second clips of songs has exploded in popularity , especially among millennials . every day , users upload more than 10 million videos to the platform , which has held firm in the app store’s top 40 since last summer , right beside the likes of snapchat and youtube .

an image in a government briefing book helped a state department official see “the forest for the trees” in the west bank—and then was shared with the president .

4 . neutral milk hotel - " in the aeroplane over the sea " .

the prop recreators at chronicle collectibles have collaborated with universal studios to make the canisters as faithful to the original as possible . just like the prop used in the film , the vessel resembles an unassuming can of shaving cream from the outside . but screw off the bottom and you ' ll find a secret compartment filled with vials the perfect size for storing prehistoric genetic material .

in 2017 we had to say goodbye to one of the best websites to ever roam the internet : vine . in case you have been living under a rock since 2013 , vine was - ( sad face ) - a website and app that took the internet and the app store by storm in winter 2013 . it contained 6 - second videos that were mostly comedy - but there were other genres including music , sports , cool tricks and different trends . vine stars would get together and plan out a vine and film it till they got it right .

for mann’s car , spielberg chose the relatively small red plymouth valiant to stand out in size and color from the enormous truck and the earth tones of the california landscape .

some of the people standing in the supreme line are secretly peter’s employees , mostly teen - agers whom he recruits for the line - standing job while they mill around in his collectible - card store . “everybody has a price , ” he notes . “sometimes it’s only fifty dollars . ” the usual rate is a hundred dollars per day of waiting in line . there’s no bonus for inclement weather . he hires between ten and thirty people to stand in line each time supreme releases clothing , which is generally every thursday . how do the kids know what to buy ? “they know what to buy cuz they been working for

the costumes donated to the museum help us chronicle a great achievement in the arts through a story that celebrates african american experiences . visitors can appreciate the magic , humor , and resilience embodied in geoffrey holder’s elaborate designs in the exhibition taking the stage . dorothy , glinda , and tinman will be on view first , with other characters rotating in so the costumes can rest . the wizard is on view at the national museum of american history in the nmaahc exhibition through the african american lens .

urltoken has even secured deals with major labels to feature the work of several big - name artists . alicia keys and wiz khalifa have accounts on the service , and others , such as jason derulo , have committed to releasing new music videos on urltoken before posting them elsewhere . according to yang , the labels are coming to them , not the other way around . “we’ve gotten a very positive response from the music industry , ” he says . “not only labels , but publishers . they are seeing that urltoken is a platform that gives them extra benefits for releasing new music and promoting new artists . ”

ms . xie grew up in china and got a business degree before moving to the united states and working as a babysitter , which is what she was doing when peter asked her to run the store . although many of her customers know her by name and greet her like an aunt , she occasionally embodies the same brusque attitude toward customers that supreme itself does : “people say it is expensive ? you don’t buy ! you say , ‘is it real or fake supreme ? ’ if you don’t know , you don’t buy ! get out , don’t buy . ”

charlie’s revelation , however , is cut short after philadelphia cops approach the market street location . mistaking the toy train charlie is holding for a gun , the police shoot him four times in the chest . switching between actor charlie day and his young , black counterpart as the shooting happens , the scene is among the most shocking in the series ' decade - plus run .

now kanye west , drake , lil wayne , and justin bieber wear its gear . jeff koons , takashi murakami , damien hirst , and richard prince have designed some of its skateboard decks . hypebeast , a popular men’s fashion web site , operates a message board on which a posting about supreme’s current season has generated more than five million views and nearly eighty thousand replies . some users post their salaries and discuss how much supreme clothing they can buy after they pay their taxes . when the brand releases a new season of clothing , supreme fans set up a sidewalk tent city outside the lafayette street store , sleeping on the street for as long as six days for the chance to get the first crack at the merchandise .

and mr . brandt had something mr . jemal wanted : the $ 20 million he ' d inherited from his father , who owned several broadway theaters , movie houses and hotels . what mr . brandt didn ' t know was that mr . jemal had been unable to repeat his success at nobody beats the wiz , had filed for personal bankruptcy in 2005 , and needed to finance his comeback . he sweet - talked mr . brandt into investing virtually all his inheritance into a series of disastrous ventures that left the career military man nearly penniless .

the enterprise , which its owner refers to as unique hype collection , is in the business of buying clothing from the skate - inspired men’s fashion brand supreme at retail prices , waiting until the items have sold out at supreme’s physical stores and online shop , and then putting those items up for sale in the mall and on ebay at significant markups . much of its merchandise goes to japan , where supreme goods can cost twice what they do here at retail . on a recent friday afternoon , a cap that had gone on sale on thursday at supreme for forty - eight dollars was on the shelf at unique hype collection for eighty - five dollars , where teen - agers were eyeing it jealously . the store even uses authentic supreme shopping bags , recycled from purchases made at supreme .

“oh , man , ” bakula says to conclude the episode . “what are the rules ? ”

“your boyfriend is a normal guy . he just happens to have the same name as one of the worst serial killers in the history of new york . ” —jerry to elaine , “the masseuse”

to capture the truck and the car at seemingly high speeds , spielberg shot each at low angles . to create those harrowing shots , spielberg borrowed the specially - made camera car from the 1968 steve mcqueen thriller bullitt , which could lower the camera to only 6 inches off the ground .

loftin rigged the truck with a dead clutch so the 18 - wheeler could drive without anyone behind the wheel . spielberg filmed the crash with seven cameras from multiple angles to be able to use some editing tricks to stretch out the scene .

spielberg only had one take to pull off the climactic cliff crash because the initial shoot only had a single truck at their disposal . ( a backup truck was built during reshoots in case the engine of the main truck stopped working . the backup truck is

ayatollah ruhollah khomeini was the leader of the iranian revolution and was responsible for turning iran into the world’s first islamic republic . khomeini denounced the united states for providing sanctuary for the exiled mohammad reza shah pahlavi and supported the students who stormed the american embassy in tehran in november 1979 . fifty - two americans were held hostage in iran for a total of 444 days .

a new task force is built on the premise that the united states is under attack by malevolent immigrants .

hot rize won entertainer of the year at the 1st bluegrass awards . now they ' re back as hosts .

since the truck itself is the movie’s main antagonist , spielberg chose to cast it like he would any other actor : an in - person audition . the filmmaker auditioned seven different styles of semi - trucks on the universal backlot , finally settling on a 1955 peterbilt 281 because he felt that the split windshield , rounded lights , and elongated hood represented the menacing features of the truck’s “face . ”

what is my credit card security code ? the card security code is usually a 3 - or 4 - digit number , which is not part of the credit card number . the csc is typically printed on the back of a credit card ( usually in the signature field ) .

the movie debuted on november 13 , 1971 as abc’s movie of the week , and proved to be so successful that spielberg was given the opportunity to shoot additional footage ( the school bus scene and the railroad crossing scene ) to be able to release it in theaters at feature length .

“mr . jemal is a decent man who unfortunately violated the law , ” mr . brafman said after the hearing .

after dee explains to frank via a song why they can’t use that word ( “we’re not saying the n - word” ) , the group finds an african american man under the bridge who knows where old black man might be . the man uses the n - word himself , and tells the pair “you’re talking about old black man” before pointing him out .

instead of creating individual storyboards , spielberg mapped out the entire path of mann and the truck driver on a mural of drafting paper with notes about each plot point peppering the sheet .

the snakerama gas station seen in the film also appears in spielberg ' s 1979 world war ii comedy , 1941 , with actress lucille benson again appearing as the proprietor . the two elderly people weaver tries to flag down in a car also appear as helpless motorists in close encounters of the third kind .

the final product will be an even more accurate representation of the screen version than the images above , with a less stretch - out label and a skinnier can like those barbasol was selling in the early 1990s . in the movie , the gadget dispenses actual shaving cream and has a cold interior to mimic the cryo chamber at jurassic park . this prop lacks both features , which will probably make it easier for collectors to maintain .

director and costume designer geoffrey holder took home two tony awards for his work on the production . holder was the first african american man to be nominated and win the tony awards for director of a musical and costume designer . the collection has seven costumes from the 1975 broadway show worn by the original cast , part of a much larger donation from the black fashion museum , which was gifted in its entirety to nmaahc in 2007 .

' ' they overexpanded , especially given the climate of absolute boredom that has afflicted the electronics industry at this moment , ' ' said kurt barnard , president of barnard ' s retail trend report . ' ' no new products are likely to come down the pike to sufficiently sweep the public into the stores . ' '

jumpman , jumpman , jumpman them boys up to something . . . drake is looked at as one of the biggest superstars today . from his music to his fashion , to his latest dance moves in the hotline bling video . but what he ' s making waves in now lately is the shoe game . drake ' s recent collab with jordan has produced the beautiful 4 shoes above . these shoes are ridiculously hard to get your hands on because of how big and exclusive drake is . the shoes have been sold exclusively at ovo pop ups at random times and are on the top of the list for every sneakerhead . the hype surrounding the shoe and the impact the october ' s very own brand has nowadays makes drizzy one of the most important people in sneaker culture .

matheson ' s script stated that the villainous , unnamed truck driver would never be seen besides the insert shots of his arms and boots . ( weirdly enough , matheson’s novella actually names the driver : “keller , ” matheson’s own spin on the word killer . )

weaver drove more than 2000 miles while shooting his scenes , and did many of the stunts himself , including the dangerous phone booth scene at the " snakerama " gas station in a single take .

mr . brandt ' s mother , too , was roped into the struggling venture . to help ene group get $ 7 million in bank loans , mr . brandt pledged the florida condo she lived in as collateral . when $ 6 million of the loans defaulted , the bank warned mr . brandt it would seize the property .

he and stephen invested in a company called tecnozone international , which sold a device that claimed to block radiation from cellphones and tv screens by creating " a zone of biocompatibility between you and your electronic devices . " the federal trade commission said the claim was false and in 2003 ordered the jemal brothers and another partner to pay $ 85 , 000 . the brothers didn ' t contest the ftc case at the time and wouldn ' t comment on the matter .

instead , he talked to the fbi . his mother paid off the bank with her own money so she could keep her condo .

after mr . jemal entered his guilty plea , the judge left the room and the prosecutors and defense lawyers rose from their tables . mr . jemal , who had been standing throughout the hearing , sat down in his chair , tissues in hand , and wept .

look for the 4 - digit code printed on the front of your card just above and to the right of your main credit card number . this 4 - digit code is your card security code .

activist abbie hoffman co - founded the radical youth independent party ( the “yippies” ) with jerry rubin in 1967 . both men were defendants in the chicago seven trial a year later after protesting at the democratic national convention . in 1971 hoffman published a counterculture treatise on methods to overthrow the government and defeat big business entitled steal this book . despite hoffman’s aversion to the pig empire , his book became a bestseller , essentially making him a member of the establishment he so despised .

“we found out that the challenge isn’t really about the tool . the challenge is that there are not too many people who are able to explain knowledge in such a short period of time , ” yang says . “the five minutes was very challenging for most people . ”

spielberg was given just $ 400 , 000 and 10 days to shoot duel , but the schedule ballooned into a full 13 days to shoot the entire movie after the rookie director fell behind . to save time in shooting the high - speed chases on location in california ' s soledad canyon , spielberg strategically set up multiple cameras along a single stretch of road to capture the shots needed for multiple scenes in one take . he had the camera turned 180 degrees and the cars driven in the opposite direction to get multiple shots for additional scenes .

after discussing whether their situation is more like quantum leap — a show “from the coke - fueled era of ' 80s television , ” as dee puts it — or rob schneider’s the hot chick , the gang decides they “don’t know the rules” of being black . so the gang sings that they will find out “the rules when you’ve just turned black and you can’t switch back , ” and fix the situation before heading off into philadelphia to try and become their old , white selves .

" and when you ' re down on the bottom there ' s nothing else / but to shout to the top . . . "

according to yang , the company has enough cash in the bank to experiment with different ways of making money , while still keeping the user experience positive . current ideas include running ads in feeds or sponsored content .

spielberg also enlisted 50 - year stunt veteran carey loftin as his stunt coordinator . loftin , who played the driver , also designed the legendary car chase sequences in vanishing point , bullitt , and the french connection .

, titled " never give a trucker an even break . " the recycled footage was completely legal since the show was also produced by universal .

of working with the rookie director , the veteran weaver later said , “i gave him the benefit of the doubt . i said , ‘there’s no reason for me to judge him because of his age . let’s see what he does . ’ and he did extremely well . . . i really think it’s one of the most creative jobs he’s ever done . ”

it ' s a no brainer that kanye is the biggest rapper to influence sneakers . when kanye made the switch from nike to adidas earlier this year , we knew that fire sneakers were coming . kanye ' s " red octobers " are still one of the rarest sneakers known to date , and even kanye ' s newest sneakers with adidas are becoming hard to fine . the " adidas yeezy boosts " are arguably the hottest sneaker in the game right now and are extremely rare to find . the 750 , which is a gray , high - top shoe was the first from west . the 350 which is a low - style runner in gray and black has since followed along with the 950 which almost looks like a winter boot . these shoes , the 350s , in particular , have been the hottest sneaker of the year and are still coming . according to west , and adidas , two new colors of the 350 are coming out on november 14th , in all white and tan . kanye ' s back at it again , and he ' s sweeping the sneaker game by force .

at that point , the episode turns into a musical , with charlie sing - demanding “one good reason” why the gang became a different race overnight .

what’s for sale is a share of the copyright revenue stream for “see you again , ” which also features charlie puth . the song spent a dozen weeks at no . 1 on billboard’s hot 100 pop chart in 2015 after appearing in the soundtrack for the movie “furious 7” ; it’s a tribute to paul walker , the actor who died in a car wreck during filming .

" i deeply regret and am ashamed of my conduct , " he told u . s . district judge valerie caproni . asked by the judge if he knew he was breaking the law when he filed the phony documents to the bank , mr . jemal replied , " yes , i did . "

old souls are young at heart . you want things to follow through but there are times you can ' t see your goals across the horizon . the best way to face uncertainty is to know that , as kurt vonnegut has said , " nothing means anything . " nothing may be on the horizon , but you ' ll sail your ship with the hope on the wind .

jurassic park ( 1993 ) is known for having some incredible props . the fake shaving cream can dennis nedry uses to smuggle dinosaur dna out of the cold storage unit may not be as iconic as the life - sized t . rex , but it still plays a colossal role in the film . now , io9 reports that an official replica of the prop can soon be yours .

" i ' ve got bats in the belfry / i ' m in the kitchen boiling society . . . / we all see what we want "

“we went to their wedding . you should have heard him talking about chappaquiddick—trying to blame the whole thing on bad directions . ” —jerry , “the baby shower”

with filmmaker edgar wright , spielberg explained , “ [ producer ] george eckstein told me after the network saw it , ‘well , we’re going back to the desert , they want to push the truck off the cliff again and blow it up again . ' i told george why that was such a terrible idea . i’d worked so hard to give the truck a long and painful death and i thought that’s what the audience wanted out of the resolution . i said , ‘if the network does force you to blow the truck up again , you get another director to do it because i’m not going to do it . ' george fought for me , and for himself because he agreed with me . ”

along with registering 20 . 9 million sales and track - equivalent streams , the “see you again” video has amassed more than 3 billion views on youtube and recently surpassed “gangnam style” as the most viewed youtube video ever ( though the feat was short - lived as “despacito” broke the 3 billion view mark friday ) .

frank goes off the rails , singing to dee that he’s going to say words he hasn’t “had the chance to say before” now that he is black , like “homie , ” “bro , ” and “my man . ” dee draws the line when frank says he’s also going to say the n - word , which frank laments because “it’s probably the only chance i’ve got to say it . ”

the seller , who is remaining anonymous , was one of the track’s background singers , according to a news release . the auction is for 100 percent of the seller’s interest in domestic sound recording performance royalties and 30 percent of international royalties . while there is no guarantee of future performance , that share of “see you again” came to $ 11 , 732 in payments over the last 12 months .

bad meat : why the nathan ' s hot - dog eating . . .

the next episode of always sunny , “ the gang goes to a water park , ” airs jan . 11 at 10 p . m . on fxx .

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in fact , its crowdfunding campaign sold off the first batch of lisk coins .

changing the partner server for cisco uinty to an exchange 2007 / 2010 server .

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“that’s not too bad . it’s not like a sunny von bülow coma . the doctor said he should snap out of it anytime . ” —jerry , “the suicide”

“if you could imagine uglier and fatter version of shirley booth . remember shirley booth from hazel ? really embarrassing , ‘cause you know i had the only mother in the whole neighborhood who was worse looking than hazel . ” —george , “the subway”

to read , and she said , ' don ' t look at the girls , read the short story . it is right up your alley , ' ”

3 . dennis weaver’s work with orson welles got him the lead in duel .

mr . brandt fell so hard for mr . jemal’s sales pitch that he even pledged his mother’s florida condominium as collateral for the $ 7 million in loans that provided the basis for the government’s fraud case . after the loans defaulted , mr . brandt’s mother had to pay the lender , israel discount bank , to keep her home . mr . jemal filed for personal bankruptcy a second time in 2011 .

the jemals grew up in a small , two - bedroom apartment in a jewish enclave in south brooklyn made up largely of syrian immigrants . there were six boys and two girls in the jemal household . four of the sons followed in the footsteps of their father , norman , who ran a discount retailer in lower manhattan .

for instance , if a developer builds an app that lets coffee shops sell cups of coffee by subscription , every time a customer uses the app and money changes hands , the developer takes a tiny fraction of the lisk coin that changes hands .

“yeah , they should ' ve taken care of castro when they had the chance . like we did in guatemala in ’53” —alton benes , elaine’s father , “the jacket”

earlier this year , the law caught up with mr . jemal . the u . s . attorney ' s office in manhattan charged the 60 - year - old with bank fraud and money laundering . a court hearing is scheduled for may 12 .

the jemal brothers struggle to re - create their days of discount - chain glory .

sign up for our free daily email newsletter . a summary of the day ' s top business and political headlines from the newsroom of crain ' s new york business .

everyone will try to turn you into a product for their self - interest , and if you ' re not careful , you can end up doing the same . take this advice from " the little prince " : " it is only with the heart that one can see rightly ; what is essential is invisible to the eye . "

much like “play it again , sam” , the oft - repeated line “a dingo ate my baby” is a frequent movie misquotation . it was originally attributed to lindy chamberlain , whose two - month - old daughter azaria was snatched from her tent by a wild dog while the family was camping at australia’s ayers rock . at the time of the 1980 incident , witnesses heard chamberlain call out either “that dog’s got my baby ! ” or “my god , a dingo has got my baby ! ” which didn ' t stop investigators from believing it was chamberlain herself who murdered her child ( she was convicted of the crime , but her sentence was overturned eight years later when new evidence proved the veracity of her claims ) . in the 1988 film adaptation of the incident , a cry in the dark , meryl streep cried out , “the dingo took my baby ! ”