Concept information
Terme préférentiel
Investors Overseas Services Ltd.
Définition
- At the time that Bernard (Bernie) Cornfeld (192795) began selling mutual funds in the 1950s, the American stock market was shifting from closed-end investment companies (limited to providing start-up capital and a grubstake to see a new company through the early stages to open-end mutual funds that invested money in a variety of shares and stocks. Mutual funds operated on the assumption that diversity would guarantee that gains would consistently outnumber losses, given that all stocks inevitably and eventually rose. [Source: Encyclopedia of White-Collar and Corporate Crime; Investors Overseas Services Ltd.]
Concept générique
Appartient au groupe
URI
http://data.loterre.fr/ark:/67375/N9J-XRLZ6S9M-3
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