Die deutschen Getreidezölle

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Monograph

Identifikator:: 883961350

URN:: urn:nbn:de:zbw-retromon-8655

Document type:: Monograph

Author:: Hohmann, Georg

Title:: Die deutschen Getreidezölle

Place of publication:: Berlin

Publisher:: Verlag von Leonhard Simion Nf.

Year of publication:: 1911

Scope:: 1 Online-Ressource (62 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Die Getreidezölle und die Reichsfinanzen

Collection:: Economics Books

viii security. It has been theoretically and prac tically proved that by splitting up invested capital in equal proportions among a number of investments similar in quality, yet whose price movements are all governed by different influences, a combination of investments is obtained in which a fall in the realisable value of a portion of them is simultaneously counter balanced by a rise in the realisable value of another portion of them, and that in this way a true balance of values is established. This system of investment poise and counterpoise is known as the system of Geographical Distribution of Capital. Just as a carefully studied system of averages elimin ates all taint of gambling from a sound system of insurance business, so a sound system of averages, based upon the Geographical Distribution of Capital, reduces to a minimum the taint of speculation from the act of invest ment. From their very nature, insurance and investment are both highly speculative trans actions, which can only be raised to the dignity of solid business by a carefully con structed system of averages. By means of this system of Geographical Distribution of Capital every investor, who has quite made up his mind what his real investment object is, can, from the very outset

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