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

56 more income than the all-British List from the very commencement. 2.—The all-British List improves in value during the first five years by £2,902, but this improvement gradually disappears again and in 1906 the value is sub stantially the same as it was in 1893. The International List rises in value but gradually ; this rise, however, is main tained, and a final increase in value of £2,245 is recorded. Another very important point in favour of the Geographical Distribution of Capital is that : No set of circumstances could cause all the stocks in a Geographically Distributed Invest ment List to show a simultaneous depreciation below cost price. This is an advantage which an all-British Investment List does not afford its owner. For an investor who stakes his Capital Stability on the trade prosperity of one country fre quently finds that every stock in his possession is quoted below “ cost.” Now, nearly every investor desires at times to realise some part of his invested capital, and to be able to do so only at a loss is disastrous. It is, therefore, well to remember that an investor who con fines himself to the stocks of one country may and must find himself at times in this

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