Wall Street in Winter – 1830s

Wall Street, N. Y. Public Library Digital Gallery

If you ever had to navigate around great mounds of snow in New York City, you can appreciate this i830s view, looking down Wall Street from Trinity Church. No mountains of snow. No snow plows. The snow was left in the street to provide a slippery surface for sleighs.

Sometimes simpler is better. (Say, is there an asset-allocation moral there?)