“Fortunes are made through concentration but kept by diversification” according to the famous investment adage. Indeed in the late 19th and early 20th centuries, the Rockefellers grew immensely rich from Standard Oil, but protected their wealth from the worst of the 1929 stock market crash by investing in Chase Manhattan Bank, Eastern Airlines and McDonnell Douglas.
22 Sep 2017
On track for further profitable growth
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On track for further profitable growth
“Fortunes are made through concentration but kept by diversification” according to the famous investment adage. Indeed in the late 19th and early 20th centuries, the Rockefellers grew immensely rich from Standard Oil, but protected their wealth from the worst of the 1929 stock market crash by investing in Chase Manhattan Bank, Eastern Airlines and McDonnell Douglas.