The following is an interview with Michael Yogg author of Passion for Reality: The Extraordinary Life of the Investing Pioneer Paul Cabot.
The interview is with Glyn Holton, who writes the following:
Today, I interview Michael Yogg, author of the new book Passion for Reality. Its about Paul Cabot, a pioneer of the mutual fund industry. In 1920s Boston, Cabot cofounded State Street Investment Corporation, one of the first open-ended mutual funds. He shepherded the fund through frenzied markets, the crash of 1929 and into the Great Depression. As Washington turned to investigating and then regulating the fledgling mutual fund industry, Cabot played a central role. The book does more than tell Cabot’s story. It gives us a front-row seat on the emergence of this important industry.