Geschichte und Rechtsnatur der Mineralien und des Bergwerkseigentums

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Monograph

Identifikator:: 1011556197

URN:: urn:nbn:de:zbw-retromon-24789

Document type:: Monograph

Author:: Haape, H.

Title:: Geschichte und Rechtsnatur der Mineralien und des Bergwerkseigentums

Place of publication:: Berlin-Halensee

Publisher:: A. Stein's Verlagsbuchhandlung

Year of publication:: 1919

Scope:: 1 Online-Ressource (58 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: I. Einleitung

Collection:: Economics Books

11 capital for the sake of a possible profit. The purpose of this book is to supply our readers with a sound system of investment and not to encourage them to risk their capital in speculation. In the above example it will be noticed that the movements of the two stocks were of similar extent, that is to say, they both fluctuated five points, so that their width of fluctuation was identical. Now, when com paring the characteristics of different stocks, it is important to remember that stocks resemble or differ from one another in sound ness, in dividend-productiveness, and in width of fluctuation. Their limits of fluctuation constitute a very material difference between stocks ; and of two stocks, both subject to precisely the same market influence, one may rise or fall five points as the consequence of a given event, whilst the other may move only two points in response to the same influence. The safety of Capital is obtained by dividing it (1) equally among a number of sound stocks (2) of identical quality, but (3) every stock held must be subject to an entirely different market and trade influence. In selecting stocks of identical quality, the average annual fluctuations over a period of at least three years should be compared. It

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