All that has changed. Bonds and cash on hand are
losers from an investment point, but not so much so from the view
of diversity and security. Careful investors now go as high as
80% or even higher in common stocks (good ones of high standing
and long regular dividend experience, not cats and dogs and
speculatives). . . The common stocks of AT&T, Standard of New
Jersey or Indiana, International Business Machines, Eastman Kodak
and dozens of others are safer and easier for you than probably
any house rental on God's green earth. Now is not only the time
for all good men to come to the aid, etc., but also the time for
all good women to get out of the clutches of carpenters,
electricians, repairmen, repairs and replacements. You may wonder
how come all this free and voluntary advice. If I recall
correctly, you and Helen used to consult with me about finances
occasionally. And so, I just sort of got started and jumped the
gun, so to speak. What I say is not compulsory, so take it or
leave it. I'm not infallible or I long since would have taken the
places of Morgan and Rockefeller. . .
When you get over there in Borneo and Java, and have the time and
inclination, and the ink isn't at the boiling point, write and
tell us what things are like.
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