Business & Finance: Break

When Roger W. Babson, famed statistician, last month told the Market it was riding to a fall, and then the Market quickly rallied from the depression caused by his statement, Mr. Babson was flayed by all the financial writers in New York whose pleasure it is to reflect the views of their friends, the brokers. "A statistician who has been always wrong"—"A man for whose opinion the market has no great regard"—"A chronic bear always predicting disaster"—were typical introductory sentences to Babson-flaying opinions. Last week the Market broke and the commentators either blamed...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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