Anyone who works in the mutual
fund industry will want to read this compelling biography of Paul Cabot,
a Boston Brahmin and cofounder of one of the earliest "Boston style"
mutual funds. It is a fascinating window on the origins of mutual
funds, a topic inadequately treated by other historians. Read about early stock pickers when markets were largely unregulated and
sufficiently inefficient that outperforming was as easy as visiting a
few corporations and asking questions. Then there was the 1929 crash and
Federal regulatory initiatives. Through it all, Cabot's life provides a
front row seat. Highly recommended! ...