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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (33720)10/10/1998 4:07:00 PM
From: Joseph G.  Read Replies (1) of 132070
 
That was from the 1930 annual report of an investment trust, one of very few which survived the 1930's. Another one was Lehman Corp., which was ~50% in cash, and when B. Baruch told Lehman that it was Lehman's fiduciary responsibility to buy stocks for the trust in October '29 because they were dirt cheap, Lehman declined.
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