Passion for Reality
The Extraordinary Life of the Investing Pioneer Paul Cabot
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- نقد و بررسی
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نقد و بررسی
February 1, 2014
In 1978, author Yogg (managing director, Putnam Investments) went to work as a humanities scholar under a six-week program for the State Street Research and Management Company, founded by investor Paul Cabot (1898-1994). He stayed 18 years. As a friend, apprentice, and admirer of Cabot, Yogg heard many of the mutual fund manager's stories firsthand. In this new edition of Cabot's biography (originally published in 2006), Yogg tries to capture his mentor's character, personality, and intellect rather than merely to chronicle his life events. Cabot came from a strong Boston family and received a liberal education. Born into a unique society and culture, he became an independent, forceful, and productive individual, possessing a natural mental and emotional confidence. He (with friends) is credited with developing the "Boston-type, Open-end" mutual fund that is still used today. State Street Research and Management was among the first companies to do primary investigations on firms and forecast earnings, as well as pioneer the use of the price-to-earnings ratio. Cabot also warned of problems in the investment industry and had a direct influence on regulatory legislation. The new epilog attempts to predict what Cabot would think about our economic problems today. VERDICT Recommended for those who like business biographies of successful men living in interesting times.--Bonnie Tollefson, Cleveland Bradley Cty. P.L., TN
Copyright 2014 Library Journal, LLC Used with permission.
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