Safeguarding Invested Capital, i 5
The quantity, quality and geographical position of
every investment, to be purchased, having thus been
ascertained, there only remains for the investor to select
the individual securities necessary for his purpose.
The “ Investor’s Shilling Year-Book,”* published
annually, gives the detail concerning the constitution
and position of the best known investments quoted in
Great Britain, and the “ Financial Review of Reviews,”*
published monthly, gives full statistical data concerning
them.
With these particulars at hand, it is not difficult to
make a final selection from among the stocks known in
Great Britain. The “ Revue Financi&re Universelle,”*
published in Paris, gives particulars of a large number
of stocks quoted on foreign exchanges.
With some slight application to the task investors
will find it easy to construct their own investment
schemes based upon sound principles. To reconstruct
an existing list of investments, or to add fresh capital
to it effectively, is rather more difficult.
A list of investments should not be regarded as a
miscellaneous collection of all kinds of products. It
should rather be conceived as an arch composed of
bricks that mutually support each other, and must there
fore all be of the same size and quality, if the arch is
to prove a lasting edifice. The task of widening,
heightening or diminishing such an arch demands the
exercise of expert skill; so, also, does any alteration of
an existing investment list.
* Obtainable from all booksellers and bookstalls.