"Charlie [Simon] explained to me that... Salomon had recruited Sidney Homer from Scudder, Stevens and Clark, where he had developed a number of analytical techniques for measuring bond values and served as a bond portfolio manager. Charlie had brought Sidney to the attention of the firm, with the hope that Sidney would establish a fixed-income research operation at Salomon. Charlie hoped that I would meet with Sidney... to discuss the possibility of serving as his assistant in the new research effort. No research unit of that kind... existed on Wall Street at the time. ...Sidney was given a free hand in creating a bond market research operation. Years later, he wrote a short... memoir... Fun with Bonds. ...Sidney was taken into the firm as a general partner when he was nearly 60... Sidney was completely different from any other partners. He was a Harvard graduate. He had an extraordinary family background. His mother...sang with ... and his father... was a composer and conductor. Sidney was related to ... and ... He liked to tell the story of his mother's reaction upon learning that her son intended to become what he called, "a bond man." "Where did we go wrong?" she wailed."
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A History of Interest Rates
A History of Interest Rates, by Harvard graduate, senior partner, and financial analyst Sidney Homer, was published in 1963, copyright Rutgers University Press. Quotes below, unless otherwise noted, are from the fourth edition, revised by Professor , and published in 2005, by John Wiley & Sons, Inc.
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