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Article
October 29, 1927

THE PHYSICIAN'S INVESTMENTS

JAMA. 1927;89(18):1515-1517. doi:10.1001/jama.1927.92690180001014

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Abstract

Physicians have long since freed themselves from the traditions of myth and magic in their own professional activities, but as investors they are still prone to place faith in the supernatural. If medical men would bring their scientific, questioning attitude into the field of finance, they would tend to cease to remain favorites on the sucker lists of security charlatans.

Inexperienced outside the biologic sciences, physicians are frequently thwarted by naively assuming that the casual lay outsider is equipped to give them financial information that will lead on to fortune. Sure thing tips on the stock market are on a par with "patent medicines" and quack remedies; they fulfil a human demand by promising much, but in the long run they are likely to yield only frustration and disappointment.

In this age of specialization, the medical man cannot afford to become a specialist in finance. But he can be consistent with the

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