Long-term Asset

People who think that the best way to make money in the stock market is to buy and hold tight, got some support last week from Thomas J. ("Think") Watson, chairman of International Business Machines. For his stockholders, Watson calculated that an investor who bought 100 shares of I.B.M. for $2,750 in 1914, and exercised all subsequent purchase rights, would have spent a total of $6,364, would have got cash dividends to date of $153,404, and would now own stock (swollen by splits and stock dividends to 2,894.14 shares) worth $546,992.

This file is automatically generated by a robot program, so reader's discretion is required.