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Updated: May 29, 2025
That cash not equity or corporate debt is the veritable substitute for risk-free securities is a basic tenet of modern investment portfolio theory. Moreover, the "perfect substitute" hypothesis assumes the existence of efficient markets and frictionless transmission mechanisms. But this is a conveniently idealized picture which has little to do with grubby reality.
As in Greece the philosophers of Athens, especially Plato and Aristotle, wondered at the immobility of Sparta and idealized her institutions; so did the theorists of Florence, Savonarola, Giannotti, Guicciardini, look with envy at the state machinery which secured repose and liberty for Venice.
The study is full of sunny, good humor, spiritualized humor, and leaves the most cheering impression after its performance. Its technical object is a simultaneous legato and staccato. The result is an idealized Valse in allegretto tempo, the very incarnation of joy, tempered by aristocratic reserve. Chopin never romps, but he jests wittily, and always in supremely good taste.
They had only that and, maybe, a sort of love as idealized and as personal for the mother of God, whom, also, they had never seen, to whom they trusted to save them from a devil as real. And they had, moreover, a fear even more real of O'Brien.
The medieval world idealized changelessness. Its very astronomy was the apotheosis of the unalterable.
She had idealized it, with the imagery of her kind. She had endowed it with promise that it would never actually hold for her, perhaps. And so she marched on, down the great, glittering avenue, proudly clutching her unwieldy banner, a stunted, grotesque, magnificent figure. More than a figure. A symbol. Fanny's eyes followed her until she passed out of sight.
The full moon had idealized their youthful designs with something of their own youthful coloring, graciously softening the garish freshness of paint and plaster, hiding with discreet obscurity the disrupted banks and broken woods at the beginning and end of their broad avenues, paving the rough river terrace with tessellated shadows, and even touching the rapid stream which was the source of their wealth with a Pactolean glitter.
Who could have supposed that, after the lapse of so many years, this Paris, famous for its short memory, would recognize the original model in the idealized picture the novelist has drawn of him, and that voices would be raised to charge with ingratitude one who most assuredly was not his hero's "assiduous guest," but simply, in their infrequent meetings, an inquisitive acquaintance on whose mind the truth is quickly photographed, and who can never efface from his memory the images that are once imprinted thereon?
Forms remain sharply outlined, but are almost idealized by faint colors not belonging to them; and the great hills behind the town aspire into a cloudless splendor of tint that seems the ghost of azure rather than azure itself.
Such at least is the case in 'Martin Relph', and the idealized Russian legend, 'Ivan Ivanovitch'. The grotesque tragedy of 'Ned Bratts' has also its marked psychological aspects, but they are of a simpler and broader kind. The new inspiration slowly subsided through the second series of 'Idyls', 1880, and 'Jocoseria', 1883. In 'Ferishtah's Fancies', 1884, Mr.
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