W. W. Walker, M.D.; J. P. Robinson
JAMA. 1956;160(9):800. doi:10.1001/jama.1956.02960440072021.
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To the Editor:—  In the Business Practice section of The Journal, Jan. 14, 1956, page 136, the advantages of investment in municipal and state bonds are convincingly presented. To a physician, who is neither interested nor initiated in the investment field, a program of investment in municipal and state bonds would seem absolutely ideal after reading this article. However, we feel it should be pointed out that important considerations on the other side have been completely overlooked in this presentation. Mr. Burgert emphasizes that "a municipal bond portfolio requires less time in actual review and supervision than one including other types of securities." It should be pointed out that common stock funds, which have grown so greatly in number and size over the last few years, require no more supervision on the part of the individual. In the case of each type of investment, however, selection is important. Omitted entirely,

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