Where Can You Hide Your Money?

Thomas J. Holt, now 45, was born in Hong Kong and raised in Shanghai. He lived through the Japanese occupation and, at least as impressionably, through a devastating inflation: as a young man he took his tuition to school in huge bundles of wasting paper currency. Arriving in this country in 1947, he completed his education, began a career on Wall Street, and, in 1967, founded his own investment counseling firm.

A prescription for disaster, you say? Not exactly. Since May 1967 his more than 200 recommendations to clients have shown an average annualized gain, exclusive of dividends and interests, of 17.5 per cent per year. While this record may have been equaled or surpassed by other investment advisors, it puts Holt well ahead of the pack, the leading averages, and even double-digit inflation. His business has thrived.

About the Author

Neal B. Freeman

Neal B. Freeman, businessman and journalist, was a director of National Review Inc. for 38 years.

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Thomas J. Holt, now 45, was born in Hong Kong and raised in Shanghai. He lived through the Japanese occupation and, at least as impressionably, through a devastating inflation: as a young man he took his tuition to school in huge bundles of wasting paper currency. Arriving in this country in 1947, he completed his education, began a career on Wall Street, and, in 1967, founded his own investment counseling firm.

A prescription for disaster, you say? Not exactly. Since May 1967 his more than 200 recommendations to clients have shown an average annualized gain, exclusive of dividends and interests, of 17.5 per cent per year. While this record may have been equaled or surpassed by other investment advisors, it puts Holt well ahead of the pack, the leading averages, and even double-digit inflation. His business has thrived.