Investment, an exact science

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Monograph

Identifikator:: 865521182

URN:: urn:nbn:de:zbw-retromon-48767

Document type:: Monograph

Author:: Lowenfeld, Henry

Title:: Investment, an exact science

Place of publication:: London

Publisher:: The Financial Review of Reviews

Year of publication:: 1906

Scope:: 1 Online-Ressource (X, 160 Seiten)

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V - The practical construction of investment schemes

Collection:: Economics Books

80 is immaterial), all of which show a great capital variation year by year, and are spread over the largest possible geographical area. A list of this description, worked on the principles explained in the previous chapter, should be non-speculative as a whole and yet give the maximum chance of a large increase in capital, for the largest imaginable falls in some directions will be counterbalanced by corresponding rises in value in others ; whilst the intermittent purchase of cheap stocks by the realisation of other stocks which have materially improved in value as described in the foregoing chapter, will lead to the investor securing the large profits which will accrue to him. Only investors who consider them selves to possess financial skill and who are fair judges of the probabilities of new investments should undertake the construction and the subsequent management of an investment list of this description. They must be prepared to see some of their investments result in total failure, a^id they must rely upon the very large profits made on others to produce a constantly appreciating total. The above suggestions are made with the double object of showing, in the first place, that every individual Investmeut Aim is to be achieved in a fashion peculiar to itself,

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