Readers are also enjoying the insights of Babson Founder Roger Babson's December 25, 1910 New York Times article on the Panic of 1837.  He actually reviews 13 U.S. financial panics.  “History is of value only in teaching us how to act in the present and the future,” he writes. (Thanks to Jeff Korzenik.)

The Wellesley Townsman this week writes about Babson and his September 1929 prediction of the Crash of '29 and the Great Depression.