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:: The object of this book

Collection:: Economics Books

THE OBJECT OF THIS BOOK. Upwards of a quarter of a century of actual work among investors and their investments has proved to us that the only means for insuring permanent investment success con sists in the adoption of a true and systematic method of averaging investment risks. How ever carefully any single investment may be investigated prior to its purchase, and however desirable from every point of view it may seem at that time, yet its future progress always remains an uncertain and un- ascertainable quantity. The history of stock market fluctuations proves that there is no stock in existence, the future realisable value of which is ascertainable with certainty ; hence it is impossible to eliminate the in dividual risks attending the purchase of any single investment. This fundamental principle having been established, it naturally follows that the only method by which investment success can be made permanent is to insure against this un certainty in the realisable value of any single

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