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

58 contained in the all-British List. Their inferiority is attested by the fact that their average annual widths of fluctuation are greater than the widths of fluctuation in the all-British List. In a similar International List, but composed exclusively of higher grade securities which we publish in Chapter V. of this book, the maximum capital variation during a period of ten years is very slight. As the aim of that chart is to show how funds can be invested with the greatest safety both of Capital and Income, we naturally chose stocks of a higher grade than we have done here, where our object is to show how widely different are the price-movements of stocks of various nationalities. But by selecting stocks of great width of fluctuation for the International List exhibited in this chapter, we are now in a position to show by comparison with the all-British List that the Geograjjhical Distribution of Capital collectively endows an Investment List, consisting of individually inferior stocks, with greater Capital Stability than is possessed by an Investment List composed of higher-grade stocks, all influenced by the same investment risk. So that An investor who geographically distributes his capital can, with safely, afford to hold stocks

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