The following letter from Irving Kahn appeared in the June 25, 1962, issue of Barron’s. Irving Kahn wrote to Barron’s criticising the publication’s comparison of the 1962 market crash to that of 1929. Irving Kahn points out that based on volume and trading data, the 1962 decline was a drop in the ocean compared to that of 1929. Kahn’s career on Wall Street started during 1928 so, on this occasion; he had the benefit of experience from which to draw a conclusion. Irving Kahn: “Great Enthusiasm In A Company Is A Sign Of Great Risk.” Irving Kahn, Student Of Benjamin…
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