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Investment and Speculation, Vol. 7
A Description of the Modern Money Market and Analysis of the Factors Determining the Value of Securities; Modern Business (Classic Reprint)

Jr. Thomas Conway

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Opis

Excerpt from Investment and Speculation, Vol. 7: A Description of the Modern Money Market and Analysis of the Factors Determining the Value of Securities; Modern Business<br><br>It is no part of the purpose of this volume to teach the reader how to speculate. It is hoped, on the contrary, that the book will discourage speculation by the emphasis which it places on the importance of patience, intelligence and foresight in the art of investing. In the minds of many people speculation is a very sinister word, and a speculator a man morally no better than a gambler. It is the purpose of this volume to make clear the distinction between speculation and investment, to explain and illustrate the conditions which determine a safe investment, and to describe and illustrate the hazards inherent in all forms of speculation.<br><br>The investor seeks to have his capital employed in the actual production of wealth; he is especially concerned in the security of the principal and in the certainty of income in the form of interest on bonds and dividends on stocks. The speculator, on the other hand, is primarily concerned in the values or prices of things. He is a trader, hoping to buy cheap and sell dear, and in the process he does not desire either to produce or handle the goods. Economists are generally agreed that speculation, whether in commodities or in stocks, has a beneficial effect upon the production of wealth. It tends as a rule to prevent sudden and great fluctuations in the prices of goods and securities. It causes to be recorded in the world's great markets the effect upon prices of the smallest changes in industrial conditions. Does a late frost injure the corn crop<br><br>About the Publisher<br><br>Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com<br><br>This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Szczegóły

Tytuł
Investment and Speculation, Vol. 7
Podtytuł
A Description of the Modern Money Market and Analysis of the Factors Determining the Value of Securities; Modern Business (Classic Reprint)
Autor
Jr. Thomas Conway
Wydawnictwo
Rok wydania
2015
Ilość stron
532
Format
15.2x22.9cm
Języki
angielski
ISBN
9781330007594
Rodzaj
Książka
EAN
9781330007594
Kraj produkcji
PL
Producent
Swede Sp. z o.o. Sp.k.
Wysogotowo ul. Laurowa 18
62-081 Przeźmierowo
PL
616531076
[email protected]
Podmiot odpowiedzialny
ANEK SP. Z O.O.
ul. POZNAŃSKA 320
05-850 OŻARÓW MAZOWIECKI
PL

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