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Richard, George (ed.) / Wisconsin alumnus
Volume 59, Number 2 (Oct. 1957)

Brittingham, Thomas E., Jr.
"Bold" investments pay off,   pp. [23]-26


Page [23]


"Bold" Investments Pay Off
      Wisconsin Alumni Research Foundation policy provides
             excellent returns and benefits to the University
                                                 By Thomas E. Brittingham
Jr., '21
RADITIONALLY, the gentle-
     men who handle the investment
     funds of U. S. colleges depend
heavily on bonds and preferred stock to
provide a conservative balance for their
portfolios.
  A recent tabulation by the Boston
Fund, for example, showed that as of
June 30 of last year, 56 leading colleges
and universities had only 56%  of their
total investment in common stocks (Bar-
ron's, June 17).
  Yet, ironically, if these institutions
would concentrate more heavily in corn-
mon-and particularly in shares other
than the market favorites-their returns
would be' higher and actually more se-
cure than they are today!
  This statement, challenging as it may
be at first sight, can be substantiated by
the record of the Wisconsin Alumni Re-
40
30
(A) 1947 $1UILLION WITHDRAWN FOR 'CONSTRUCTION OF UNIVERSITY HOUSES
(ml |940 1.7 MILLION
The dramatic growth of the Foun-
dation's portfolio, and its reliance
on common stocks, is graphically
demonstrated in graph at right.
  Copyright 1957
       from
   BARRON'S
National Business and
  Financial Weekly


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