Investment And Speculation a Description of the Modern Money Market And Analysi
Investment And Speculation a Description of the Modern Money Market And Analysi
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To quickly assess the difficulty of the text, read a short excerpt:
It is only that portion of the surplus which exists in cash or quick assets that can really be relied upon to carry a company through financial crises.
224. Industrials and the tariff, — Those industries which are mainly or wholly dependent upon the tariff for the maintenance of profits and the continuance of their prosperity are not good subjects for investment. No one has any assurance that the present sentiment concerning the desirability of a protective tariff will continue indefinitely. Si...nce the investor should deal in certainties and not in probabilities, he, if wise, avoids those industries where this question plays an important part.
225. The legal position of the industrials. — One of the most vital questions concerned with the value of industrial securities is the legal position of these com- panies. The United States Government, and almost every state in the union, have passed statutes intended to forbid the consolidation of competing plants or the creation of agreements in restraint of trade.
What to read after Investment And Speculation a Description of the Modern Money Market And Analysi?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Conway to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is only that portion of the surplus which exists in cash or quick assets that can really be relied upon to carry a company through financial crises.
224. Industrials and the tariff, — Those industries which are mainly or wholly dependent upon the tariff for the maintenance of profits and the continuance of their prosperity are not good subjects for investment. No one has any assurance that the present sentiment concerning the desirability of a protective tariff will continue indefinitely. Si...nce the investor should deal in certainties and not in probabilities, he, if wise, avoids those industries where this question plays an important part.
225. The legal position of the industrials. — One of the most vital questions concerned with the value of industrial securities is the legal position of these com- panies. The United States Government, and almost every state in the union, have passed statutes intended to forbid the consolidation of competing plants or the creation of agreements in restraint of trade.
What to read after Investment And Speculation a Description of the Modern Money Market And Analysi?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Conway to read onlineMoreLess
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