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" This reader's complaint is valid, provided he insists on owning stock in the customary old way”that is, being a direct owner of stock in corporations engaged in manufacturing, mining, transportation, retailing, and so on. But the mutual funds, the open-end type of investment companies, make it quite practical for a man with only small savings to use every one of the ideas listed above for lowering the risk of owning stock. This statement will be expanded in other chapters. 15) RAISING EXTRA CASH Borrow or Sell? For many people, being short of cash is chronic. But we assume here that an investor is usually able to keep his expenses within bounds.
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