Glyn Holton interviews Michael Yogg, author of the new book Passion for Reality: The Extraordinary Life of the Investing Pioneer Paul Cabot (Columbia Business School Publishing). Its about Paul Cabot, a pioneer of the mutual fund industry. In 1920s Boston, Cabot cofounded State Street Investment Corporation, one of the first open-ended mutual funds.
Fundamental research and actually visiting the companies he invested in, what a concept. Those first mutual funds may have some lessons for today’s. Interesting to learn of the practices of early funds and fiduciary practices. From GlynHolton.com, a blog about risk.