The Principle of Sharing Oral History Transcript 1971

Cover The Principle of Sharing Oral History Transcript 1971
The Principle of Sharing Oral History Transcript 1971
Daniel Edward Koshland
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[Laughter] I have to preside and try to get peace out of these warring prima donnas.
Of course, you ve had a lifetime of experience doing things like this. That ought to help you some.
Well, it s not the most serious thing in the world. But more and more people with investment problems, organizations, are coming to this on account of the computer, partly. Treg [Sanford Treguboff, Executive Vice-president of the Jewish Welfare Federation] told me Just now that Yale, after I don t know how many h
...undred years of existence, has turned over $^50 million of assets to a private firm to manage their funds.
Oh, I see. So the individual s know-how may not be sufficient.
Well, there are individual judgments that go into this thing, together with the machine. Of course, in investing, nobody is right all the time. I always remember Mortimer Pleishhacker said to me, "You know, Dan, they all think we re so smart. " He said, "We feel very pleased if 186 Koshland: Nathan: Koshland: we re right three times out of five, reason for our success.


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