Word: investors
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Dates: during 1950-1959
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...Benson" was so gratifyingly folksy and approachable, that the heart of the farmers warmed to him immediately. At one point "Benson" wrote to the investors asking them for $2,000-supposedly to be used as a political bribe. "Kids," his letter began, "this [man] says he will lay off for the sum of $2,000, so I know it is lots of guts to ask you, but. . ." The money was raised. At another point "Benson" asked a 53-year-old Canton plumber to get his blood tested. "Grandmother is sick," said Benson over the telephone, "and William and I have...
Despite the 50% margin rule (i.e., half the purchase price must be cash), many an investor in the current market had paid in full-and then tucked his stock away. Merrill Lynch, Pierce, Fenner & Beane, biggest U.S. brokerage house, reported that for every margin trader on its books today, there are five others who pay in full. Said Managing Partner Winthrop Smith: "In 1929, it was just the other way around...
...chief discouragement to short-term speculating is the high tax rate. Only by holding a stock for six months can an investor in the higher income brackets take advantage of the long-term capital gains tax, thus pay only 25% on his profits instead of an income tax up to 82%. None of these restrictions and safeguards means that investors can not lose. In Wall Street, a fool can still be separated from his money as fast as anywhere else. But to date, the bull has been a well-behaved animal. How long will he remain...
...biggest single investor of all was the oil industry. It had spent some $450 million in the last year developing the Middle East and other areas. Standard Oil Co. (NJ.) alone had invested $1 billion in foreign areas since war's end, planned to spend more millions this year...
...price," wrote Loeb in the current issue of the monthly Investor, "was too high to have paid Walter P. Chrysler to go to work for the obscure and failing Maxwell-Chalmers Corp. and build it up into one of the big three motormakers. No low figure, paid the managements of the smaller independents that at the same time fell by the wayside, could possibly have been a bargain...