Business: 100000

Wall Street prides itself upon its practicality, and its freedom from academic theory. Recently, however, it has been engaged in a curiously theoretical dispute. An innocent reader of the Wall Street Journal sent the editor a query as to how he could invest $100,000 to best advantage, 20% in bonds and 80% in common stocks. The Wall Street Journal published it, thereby casting a golden apple of discord throughout the financial community.

Several bond houses wrote back, politely but firmly discountenancing the notion of preferring stocks to bonds as investments.

Back of the dispute...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!