Книги
  • @
  • «»{}∼
Investment and Speculation, Vol. 7

Investment and Speculation, Vol. 7

32575636
1975 руб.
Добавить в корзину
Описание
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

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.

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?

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

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.
Эта книга будет изготовлена в соответствии с Вашим заказом по технологии Print-on-Demand компанией ООО «Книга по Требованию». Print-on-Demand - это технология печати книг по Вашему заказу на цифровом типографском оборудовании. Книга, произведенная по технологии Print-on-Demand (POD) представляет собой классическую печатную книгу с соблюдением всех стандартов качества, от офсетной бумаги и плотного картона до качественного клея, используемого при изготовлении. Черно-белая текстовая или полноцветная иллюстрированная книга (в зависимости от исходного файла, подготовленного к печати) может быть изготовлена в разных вариантах: - в мягкой обложке (Клеевое Бесшвейное Скрепление); - скрепление скобой (для книг с небольшим количеством страниц); - в твердом переплете с клееным текстовым блоком; Материалы, используемые при производстве книги: - бумага текстового блока - офсетная (белая или кремовая) 80 г/м2 - мягкая обложка - бумага мелованная 250 г/м2; - ламинация обложки - матовая или глянцевая; - твердый переплет - картон 2 мм, каптал, белые форзацы, прямой корешок - сверхпрочный полимерный клей; - каждая книга упакована в термопленку. Каждый заказ обрабатывается в индивидуальном порядке: каждой книге, напечатанной по технологии Print-on-Demand, присваивается уникальный номер.