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But as an economic scholar who spent years studying the Depression of the 1930s, he had also drawn the lesson that panics in financial markets can transform a modest downturn into a cataclysm.
"If an investor asked me, 'Should I bid on this stock?"' said David Menlow, the president of the IPO Financial Network, an independent research firm, "I would respond with an unqualified 'no".' Yet one man's "financial train wreck," to borrow Mr. Menlow's phrase, is another's rare chance to magically transform a modest stash of cash into a single-stock retirement fund.
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He transformed a modest factory into the largest chocolate-manufacturing plant in the world.
Fermented tomato passata adds a kick, if you care to make it, but good-quality dried and fresh porcini solve this conundrum, adding depth and transforming a modest soup into something luxurious.
Mr. Rudolf, who transformed a modest art fair into Art Basel in the 1990s and developed the concept for its little sister, Art Basel Miami Beach, has always dreamed big.
At a strip mall just off Interstate 95, the Democrats have transformed a modest campaign headquarters into a bustling law office, where a battalion of lawyers, flown in from all across the country, have met with thousands of voters challenging the fairness of Tuesday's election.
She's been living this way for nearly three years, transforming a modest rustic home in Afton, Wis.
That slab of feta transformed a modest medley of veggies into a specialty dish for which restaurateurs could charge more.
An IPO can transform a promising yet modest company into a marquee name.
It has been transformed into a modest museum of the town's shipbuilding and seafaring past.
Three decades later, the playhouse was transformed into a modest three-bedroom cottage that in turn has been torn down to make way for what will be a residence of 6,000 square feet.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com