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A daily word, its definition, and an example of its usage.

The word philatelist has appeared in four New York Times articles in the past year, including on March 20 in the DealBook Morning Agenda blog post "JPMorgan's New Policy on Payday Lenders" by William Alden:

  • RARE STAMPS ON THE BLOCK | Bill Gross, a founder of the mutual fund giant Pimco, is auctioning off a collection of assets not typically associated with the prominent bond fund manager. Mr. Gross, for the first time, is offering some items from his collection of rare United States stamps in a public auction on April 9 in New York, "conservatively estimated to bring $1.5 million to $2 million," according to Reuters. The proceeds of the sale will go to Doctors Without Borders and the Millennium Villages Project at Columbia University's Earth Institute. "This is the first time Mr. Gross has ever offered stamps from his famous U.S. collection which is the finest, most valuable collection of U.S. stamps and postal history owned by a private individual," said Charles Shreve, a professional philatelist who will help conduct the auction.

QUOTE OF THE WEEK

Financial Times February 28, 2014

"Politicians can improve the world but only bit by bit. Try something small, that's easily reversed. If it works, scale it up. If not, you drop it"
Simon Kuper


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