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 III - The geographical distribution of capital

Collection:: Economics Books

52 outside of Great Britain, each group of which is subject to a different trade and market in fluence. The result shown is identical with the results obtained in the former charts given in this book. Although we are here dealing with groups of stocks representing hundreds of millions of capital value, the British groups move slavishly together, whilst every one of the non-British groups displays an individual movement of its own. So that the wholesale movements of a large bulk of securities and the individual movements of a single stock are identical in their results. In fact, the figures from the Bankers’ Magazine show in the upper chart how unsafe from a capital point of view is an investment which is sub ject to the trade or market influence of a single country ; whilst in the lower chart an investment in which capital is geographi cally divided, displays a true balance between the rises and falls in value. This exhausts the chief noteworthy points in the International Investment Chart, and we will now proceed to discuss the features of this chart in comparison with those of the all-British Chart which is to be found facing page 27. To begin with it should be noticed that the stocks comprising the International List are on average inferior in quality to those

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