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EUGENE M. STEVENS CHARLES L. STACY
CHARLES R. HOLDEN
ROGER K. BALLARD
WILLIAM L. Ross
SAMUEL O. RICE
ASSOCIATION OF AMERICA
CHICAGO & NEW YORK
LONDON, A. W. SHAW AND COMPANY, LIMITED
PRACTICAL information for investors and prospective investors, given direct by practical executives in well-known financial institutions, is the substance of this book. It is comprised in nineteen lectures by members of the Investment Bankers Association of America, who are authorities in their respective investment fields and who bring this information direct from their daily experience in the investment banking business. So far as possible these lectures have avoided technicalities. They are as plain and comprehensive as possible. Their whole object is to give the public a better understanding of how to invest safely and profitably.
The lectures in this book were given in a special course on Fundamentals of Investment, planned by the Education Committee of the Investment Bankers Association of America, for the United Y.M.C.A. Schools of the United States. This course was designed to bring to the public and to younger men in the investment banking business an opportunity to learn the fundamentals of investing from recognized authorities in the investment banking business. All the speakers were selected with utmost care. All are executives or officers of banks or investment banking houses, a number of which are nationally or internationally known institutions.
Appended to each chapter is a set of "examination questions,” prepared by Stuart P. Meech, of the faculty of the School of Commerce and Business Administration, University of Chicago; by Francis K. Knight, assistant sales manager of the bond department of the Illinois Merchants Trust Company, Chicago; and Samuel O. Rice, educational director of the Investment Bankers Association of America. Mr. Meech and Mr. Knight acted as quiz masters in the classes before which these lectures were given in the School of Commerce of the Chicago Y.M.C.A. The questions are