68 
the counterpoise of the Investment List ; for, 
however numerous are the countries over which 
an investor has geographically distributed his 
capital, there are always other countries 
available whose trade interests stand con 
trasted with those of the countries in which 
he has already invested. As it is the 
differences in trade which are the main cause 
for the rise and fall in the value of the 
individual stocks, the system of poise and 
counterpoise will still be maintained if the 
proceeds of the stock realised be invested in a 
country which has not already been selected, but 
whose stocks stand at a temporary depreciation. 
If, therefore, a stock which shows a consider 
able profit is realised, and the proceeds in 
vested in a stock of another country yielding 
a higher rate of interest, but whose price is 
below its normal value, the advantageously 
acquired new purchase should, in its turn, at 
no distant date, display a similar profit to 
that already secured. 
When a geographically distributed Invest 
ment List is judiciously managed in this 
fashion, it becomes practically certain that the 
realisation of one profit will tend to the future 
accumulation of another pivfit. 
The investor will now begin to perceive 
that one of the main advantages offered by a