With Partners Like These . . .
Limited partnerships are the most astounding investment of our time. Never have so many invested so much and received so little. For a mere $1,000 a unit, the proverbial little guy has bought into office buildings that don’t rent, oil-income deals that don’t yield and pay phones that are out of order. Sales have been running 40 percent below last year’s pace. Still, the industry expects to pick up $4....