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 VII - The world's stock markets

Collection:: Economics Books

121 is inclined to purchase. Such a firm will also inform him as necessity arises how all his stocks are valued on those Stock Exchanges on which they are principally dealt in. If the question of what people think of stocks and what they consider safe is analysed, we come again to a point of geography pure and simple. A Swede will consider Swedish the safest National Loans, and an American will entertain a preference for those of the United States. The Scotchman will prefer the British Linen Company Bank to the London & Westminster, the Londoner vice versa. If an Englishman were told to buy the Austrian North Railway Debentures he would hesitate, while an Austrian might consider London & North Western Debentures to be highly speculative. As a matter of fact, both these debentures are equally safe, as can be proved by statistics ; therefore, why should an investor allow local feeling to interfere with his obtaining investment safety ? When the various Stock Exchanges of the world are reviewed, and when we consider that each Stock Exchange deals in quite a number of stocks which have only a very limited, if any, market in other countries, yet which stand high in the estimation of local investors, wß see more clearly how wide may become the area of

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