Business & Finance: How to Invest

Head of the great Manhattan Co., possessing a fortune of at least $50,000,000, perhaps more than $100,000,000, it was natural that the late Paul Moritz Warburg was skilled in the art of handling money. When last week his will was filed it was found to contain rigid rules. In these lay the foundation for his investment policy, but only the foundation. For no rules can tell when to buy or sell. Absolute discretion in that was given to his four executors (widow, daughter, son, brother).

The six ways in which Banker Warburg wished his...

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