Opis: A Primer of Scientific Investment (Classic Reprint) - Davies Emil

Excerpt from A Primer of Scientific Investment

It is a well-known fact that, while the public occasionally gains, and frequently loses, over its investments, the few big financial houses of the world, conveniently covered by the designation of la haute finance, consistently make large profits.

The explanation of this indisputable fact is not to be found in the possession of large resources, for, as many private investors know to their cost, it is as easy to lose large sums as smaller amounts. The success of the great financial houses is built up on the same basic principle as that of the large industrial concerns which employ the best trained chemists and expert brains that money can procure to improve and perfect their processes of manufacture; in other words, by the application of science to industry.

Each of the financial houses of the world has its "general staff" of experts - its intelligence department - constantly engaged in watching and studying the economic development of every country, the advance or retrogression of every trade and industry, the trend of prices in the different markets of the world, and the progress of the principal undertakings in every branch of industry. The private investor, acting on his own initiative or on a chance "tip," can no more hope to pit his knowledge and judgment against that of the trained experts of the great financial houses, with their mass of systematised information and statistics ever up to date, than a small artisan or trader can hope to be successful against one of the giant industrial concerns to which reference has already been made.

The individual investor can, however, at least profit by learning something of the scientific methods adopted by these formidable competitors, and with this end in view the present treatise has been written.

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Szczegóły: A Primer of Scientific Investment (Classic Reprint) - Davies Emil

Nazwa: A Primer of Scientific Investment (Classic Reprint)
Autor: Davies Emil
Wydawnictwo: FB &c Ltd
Kod paskowy: 9781330575222
Języki: angielski
Ilość stron: 48
Format: 15.2x22.9cm

Recenzje: A Primer of Scientific Investment (Classic Reprint) - Davies Emil