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 VI - The treatment of existing investment lists

Collection:: Economics Books

100 other ; so that the depreciation of a large block of stock cannot possibly be counterbalanced by an equal appreciation in a small holding ; and, in addition to this, the external risks which dominate these indiscriminate purchases are entirely disregarded. Besides this, some investors buy thirty different securities where six well-selected stocks would have sufficed ; whilst others purchase five stocks where at least ten would have been necessary for a proper distri bution of risks. The commonest and most disastrous idea which seems to prevail among investors is that it is only necessary to consider the pros and cons of every stock separately, and that if each stock held is internally safe the total result must be satisfactory. We have now fully explained to our readers the fallacy of this argument, and have, we hope, made clear to them the disastrous consequences which these popular mistakes entail. So that by this time our readers should be in a position to lay their lingers upon the precise cause of every financial loss which they may have sustained in the past. To reconstruct to the best advantage existing ill-assorted Investment Lists is by no means an easy task. We give in How to

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