Day trading guide – A sound management will not try to lend the certainty of science to a field which is not scientific; it will not take credit for exceptionally favorable results that are the outcome of general conditions and then excuse a poor performance by citing conditions beyond its control.
In investment management as in other activities, character will usually come to the surface in time. CASE STUDIES OF INVESTMENT COMPANIES The studies which constitute this chapter are presented as a source of concrete data on the origin, functioning, and record of several investment companies of different types. Obviously, space permits discussion of only a few among the companies in the field. Those chosen do not necessarily have the most outstanding records, but their experience offers the investor the opportunity to gain some understanding of the operations of different types of investment companies. This understanding can be obtained best by considering specific case histories. THE LEHMAN CORPORATION The Lehman Corporation was organized in September, 1929, on the eve of the collapse of the stock market.
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Day Trading Guide
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