The stock market crash - and after

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Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter III. Causes of the Panic

Collection:: Economics Books

88 strength requisite to create artificial exceptions that an investor can afford practically to dis regard them. However, should it ever happen that one of our readers finds that some stock held by him is moving irrespective of the general trend of all other prices controlled by the same financial centre, he ought to bestir himself forthwith to make enquiries into the cause of this special movement, with a view to disposing of this particular security if the reason for the unusual price-movement does not meet with his approval. Although the course of the country’s trade dominates the value of stocks, it is an external influence which need not necessarily affect the individual working of the enterprises them selves. The internal influences which affect the actual prosperity of a particular investment have to be carefully considered by investors, as they are a considerable factor in improving or impairing the dividend-earning powers of the stock. The dangers entailed by internal causes are to be dreaded because their effects are so peculiarly apt to be permanent. For instance, mismanagement may so completely cripple a company as to make its liquidation or its re construction inevitable. Or, again, the increase of trading competition may so reduce the profits

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