Word: owned
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Dates: during 1940-1949
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Said one of Wall Street's shrewdest speculators: "If I could find somebody who could tell me a sure way of keeping one-fourth of my fortune, I would cheerfully give him the other three-fourths." Nobody in Wall Street has yet found the "sure way." But in a...
...Investors, Inc.: "May was the biggest month in our history and June was almost as big. Last year's business was around $10,000,000; this year we're running at the rate of $12 million." The open-end trust business, combined with the $1.7 billion assets owned by the so-called "closed-end" trusts, is now a $3.2 billion giant...
Wide Range. The investment trusts all grew from a simple idea spawned in Belgium more than a century ago. The idea was to help the investor who did not have time or the knowledge to know what stocks to buy or when to buy them. An investment company sells him...
The Drawbacks. Investment trusts have had their own ups & downs. In the '203 they grew to a $7 billion business which the 1929 crash almost wiped out. Even some that survived were guilty of sharp practices and management abuses which brought on a five-year investigation by the SEC...
Outraged, the secretaries drew up their own advice for bosses (sample: "Remember your secretary didn't hand you that 15th Scotch & soda the night before. Don't bring your hangover into the office. Maybe she had a bad night, too."). Snapped Delegate Augusta Hirst: "That compatible business applies...