1934 edition is the best in my opinion
TLDR: The investment record of privileged senior issues is unimpressive. The article discusses examples of opportunities for such issues from various fields and advises investors to have a clear reason for purchasing them. It highlights the importance of investing in convertible issues with suffic…
TLDR: The traditional idea of permanent investment is being challenged due to the need for constant supervision of securities. US Savings Bonds are a good option for fixed-value investment, but other options may be necessary for institutional investors or those with moderate income from investment…
TLDR: Protective provisions in bond issues, including equal and ratable security, and prohibiting new prior liens, are important for added safety. Working capital requirements and penalties for nonobservance are suggested for industrial bond indentures. Investment trust bonds require protective p…
TLDR: The chapter discusses provisions to protect bond and preferred stockholders, remedies for nonfulfillment of a company's obligations, and recent laws to speed up the readjustment process for insolvent companies. The article highlights the contradictory legal rights of bondholders, the tendenc…
TLDR: Real estate mortgage guarantees come in two types, corporation and independent surety company guarantees. The latter was developed just before the 1929 market collapse. Lease agreements can also guarantee interest on securities. The inclusion of guarantees and rentals in calculating fixed ch…