On June 23, 1987, a well-heeled Cincinnati investment adviser, Paul David Herrlinger, age forty-six, called the Pittsburgh bureau of the Dow Jones News Service to make an announcement. In a level and businesslike voice, Herrlinger said that he was prepared to buy Dayton-Hudson Corp., the Minneapolis department-store chain, for $6.8 billion. He identified himself as a representative of Stone Inc., a local family firm, and of Capital Management Corp, a local investment-management company.
-James Grant, Money of the Mind
Monday, July 1, 2013
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