Franklin

Passion for Reality : The Extraordinary Life of the Investing Pioneer Paul Cabot / Michael Yogg.

Author/Creator:
Yogg, Michael, author.
Publication:
New York, NY : Columbia University Press, [2014]
Format/Description:
Book
1 online resource
Series:
Columbia Business School Publishing
Contained In:
De Gruyter University Press Library.
Status/Location:
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Details

Subjects:
Investment advisors -- Biography.
Investment advisors -- United States -- Biography.
Mutual funds -- Massachusetts -- Boston -- History.
Language:
In English.
System Details:
Mode of access: Internet via World Wide Web.
text file PDF
Summary:
Paul Cabot (1898-1994) was an innovative mutual fund manager and executive known for his strong character, charismatic personality, and trendsetting financial achievements. Iconoclastic and rebellious, Cabot broke free from the Boston Brahmin trustee mold to pursue new ways of investing and serving investment clients.Cabot founded one of the first mutual funds-State Street Investment Corporation-in the early 1920s, campaigned against the corrupt practices of certain other funds in the late 1920s, and lobbied on behalf of key New Deal securities legislation in the 1930s. As Harvard University treasurer, he increased the allocation of the endowment to equities just in time for the bull market of the 1950s, and as a corporate director in the 1960s he campaigned against conglomerates' abusive takeover strategies.Having spent nearly two decades working for Cabot's company, State Street Research and Management, as an analyst, research director, portfolio manager, and chief investment officer, Michael R. Yogg is well positioned to share the secrets behind Cabot's extraordinary success and relate the life of an extraordinary man. Cabot pioneered the use of fundamental stock analysis and was likely the first to take up the progressive practice of interviewing company managements. His accomplishments all stemmed from his passion for facts, finance, and creative thinking, as well as his unbreakable will, facets Yogg illuminates through privileged access to Cabot's papers and a wealth of interviews.
Contents:
Frontmatter
Contents
Foreword / Bogle, John C.
Acknowledgments
Introduction
1. Family, Education, and Army Service
2. The Twenties
3. The Crash, the Depression, and State Street's Response
4. The Revenue Act and the Investment Company Act
5. Moses and Jeremiah
6. Harvard's Treasurer
7. North Haven and Needham
8. Letting Go
Epilogue
Notes
Index
Notes:
Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)
Contributor:
Bogle, John.
De Gruyter.
ISBN:
9780231537025
OCLC:
979573849
Publisher Number:
10.7312/yogg16746 doi
Access Restriction:
Restricted for use by site license.