24 
Investing at its Best and 
Chapter III. 
THE COST OF RECONSTRUCTING INVESTMENT LISTS 
AND OF SUPERVISING INVESTMENTS. 
HE actual value of services to be rendered can only 
JL be gauged by estimating the amount of capital 
outlay and of work which they involve, and also the 
value of the results which they are likely to produce. 
It is therefore necessary to explain here how large an 
expenditure of capital and how much work was entailed 
before the Investment Registry could inaugurate and 
perfect its present method of advising investors, and 
also to show what the maintenance of its system 
involves. 
Geographical Distribution of Capital, to be perfectly 
applied, demands not only a thorough knowledge of 
every stock market in the world, but also a constant 
acquaintance being kept up with the changing condi 
tions of them all. Years ago the Investment Registry 
began its work by laboriously collecting all the requisite 
data relating to every important existing investment,