1928. The studies found in this book are the record of a failure,
the failure of facts to sustain a preconceived theory. Bonds have
certain attributes. A diversification of common stocks has its own
attributes, which differs from bonds. Each class of investment has
its useful purpose and its proper place in any investment plan. A
clearer understanding of their differing attributes may help to
determine the relative proportion of each of these two classes of
securities which will best serve the investment requirements and
purposes of each investor.
General
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