lester's tobacco shack M. Silver Art Shop at 15 Essex Street, July 17, 1930 Lesters Tobacco Shack, 116 Sunnyside

Wont bite or get harsh, but it lacks a little smoothness

In other words: Holdings with lower expected risks and higher expected returns should have larger position sizes Holdings with higher expected risks and lower expected returns should have smaller position sizes There are a million ways to do this, but I start by categorising holdings as defensive or cyclical and give them a default size of 4% or 3% respectively (I'm looking to hold around 20-25 companies, so 3-4% each is in the right ballpark)

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(Or is she?) MacLaines wonderful deadpan delivery as she spins a false tale for Eastwood and his awkward reactions to her are priceless

As Jean-Paul Sartre wrote in 1958, Torture is neither civilian nor military, nor is it specifically French: it is a plague infecting our whole era. But what is immediately of importance here is the influence, or influences, brought to bear by it upon the subsequent course of the Algerian war