Investment, an exact science

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter II - What influences the realisable value of stocks

Collection:: Economics Books

89 of any industry as permanently to extinguish a company’s dividend-earning capacity. But, on the other hand, although these in ternal influences are apt to he so permanently disastrous in their effects, it seldom, if ever, happens that the holders do not receive ample warning of the malady from which their stock is suffering. Whether trade is passing into the hands of competitors, or whether mismanagement is reducing the com pany’s assets, or whether death or retirement has removed the chief organising brain upon which the company relied for its prosperity in times past, it is impossible for these events to occur without notice of them being given in the reports and balance-sheets issued to shareholders. Public companies and nations do not suddenly drop down dead from financial heart disease ; but, rather, a slow mortification sets in, and the investor who has the nerve and the courage to amputate promptly may generally escape with no more than the loss of a limb. Budgets and balance-sheets constantly convey warnings to investors, and if they do not disregard them, they may, by facing their first comparatively small loss, succeed in getting out of an undesirable »investment without waiting for the final catastrophe.

Access restriction

Copyright

fullscreen: Investment, an exact science

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation