120 
Scheme only, which ought to weigh with an 
investor, and not the margin of difference 
between its sale and purchase prices. 
Again, it is really immaterial to the in 
vestor who holds a good stock which particular 
Exchange determines the price of that se 
curity. Whether it is quoted in England 
or elsewhere, or what may be the small 
actual expenses of purchase or sale, are minor 
considerations so long as it pays him to hold 
the stock at the nett cost price, including all 
charges. 
Every investor who once grasps this im 
portant fact will experience no difficulty in 
distributing his investment risks on the plan 
explained in this book in such a manner that 
no conceivable combination of circumstances 
can seriously reduce the realisable value of his 
invested capital. 
To the investor who realises the truth con 
tained in the foregoing paragraph, the world, 
so to speak, is open, and he can buy the safest 
and most remunerative securities in existence, 
and thereby free himself from the confined 
limits of any one financial centre. An inter 
national firm of stock dealers is in a position to 
supply him with the best selection out of all 
markets, together with the necessary material 
for forming a capable opinion of the stocks he