Robinson, Jr., who joined MIT in 1932 as head of the investment research department. The original capital was $50,000, and by the end of the year there were 200 stockholders, most of whom were from New England. The market value of net assets had grown to $402,000 by the end of 1924; by the end of 1925, assets exceeded $2.2 million. For several years, MIT has set forth its policies in the annual report.

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