Word: started
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Dates: during 1920-1929
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...last statement, there is a very definite reason for the prevalence of Harvard men in the Investment field. Bond selling requires certain very definite characteristics in the way of background, education, and training, most of which most Harvard men may be assumed to possess. The technical requirements at the start are nil; a man entering the field can learn whatever is required of him, and as he progresses, his actual knowledge of investments will increase in direct proportion to the amount of effort he puts into learning his subject. Above all, a certain intelligence, ability to master a subject...
Earnings Small at Start...
...reason for this is not difficult to see. At the start, the runner, messenger, or Junior clerk is doing work that requires no more intelligence than a bright boy just out of grammar school and his services are worth no more than the same bright boy. While he is performing these lowly tasks, however, he is getting the "feel" of the business, which is most essential. He is learning not only what investment banking is all about, but he is learning the way in which it ties into other industries; not only the difference between a stock and a bond...
...work on the plane and to help the field manager in any way possible. There will also be a small amount of clerical work to be done. At the end of the competition, from ten to 15 men will be elected to membership in the club. These may start flying at once upon their election and will be entitled to take a full course of instruction under licensed transport pilots...
During the winter, the activities of the club have been confined to overhauling their ship, a Travel-Air biplane with a Curtis OXX-6 engine, but within the next few days, they plan to start regular operations, with occasional cross-country flights...