Monday, July 1, 2013

Opening paragraphs.................

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

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