Standard argument of the investment trust is the alleged inability of the individual to choose stocks wisely. Let older and wiser heads, operating with large amounts of capital (runs the argument) do your investing for you. Then to you the poorhouse will never beckon, and at your door no wolf will ever howl. Logical, in many ways, is this theory (though it involves faith, hope and occasionally some charity regarding investment trusts and their management) but many a U. S. investor, doggedly individualistic, will doubtless continue to pick his own issues, watch his...
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