Wall Street: Bard of the Bonds

The torrent of analytical advice that pours from Wall Street is hardly noted for its literary style, much less its wit. "We send a great deal of literature to our clients—most of it deadly dull," says Sidney Homer, 65, research partner of Salomon Bros. & Hutzler, one of the Street's largest bond dealers. Last week, however, Salomon Bros, was mailing its clients something different: a privately published book of Homer's needling sallies at the very serious world of bond investment.

Homer's slim volume, titled The Bond Buyer's Primer, is actually a collection of 21 "lessons"...

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