Putnams Investment Handbook a Stimulus And a Guide to Financial Independence
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In our eReader you can find the full English version of the book. Read Putnams Investment Handbook a Stimulus And a Guide to Financial Independence Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Putnams Investment Handbook a Stimulus And a Guide to Financial Independence
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To quickly assess the difficulty of the text, read a short excerpt:
It is an attractive investment. We do not pretend to tell you what the common stock is worth. It may or may not prove extremely valuable. Therefore in strict honesty we do not pretend to put any nominal value upon it.
As I see it, the great advantage of issuing com- mon stock without par value is that it will force investors to be honest with themselves. As it is now a man buys a highly speculative stock and when it declines he feels disgruntled because somehow he has the feeling that it ought ...to be worth more nearly its par value. But when the certificate itself makes no pretenses whatever, the distinction between speculation and risk taking on the one hand and investment on the other is much more clearly drawn. It is absolutely neces- sary and legitimate that there should be risk takers, people willing to buy speculative stocks, but anything which will mark off more sharply that class of stocks from the investment type will prevent a great amount of loss.
I do not mean to imply that numbers of the new non-par stocks will not prove highly valuable.
What to read after Putnams Investment Handbook a Stimulus And a Guide to Financial Independence?
You can find similar books in the "Read Also" column, or choose other free books by Albert William Atwood to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is an attractive investment. We do not pretend to tell you what the common stock is worth. It may or may not prove extremely valuable. Therefore in strict honesty we do not pretend to put any nominal value upon it.
As I see it, the great advantage of issuing com- mon stock without par value is that it will force investors to be honest with themselves. As it is now a man buys a highly speculative stock and when it declines he feels disgruntled because somehow he has the feeling that it ought ...to be worth more nearly its par value. But when the certificate itself makes no pretenses whatever, the distinction between speculation and risk taking on the one hand and investment on the other is much more clearly drawn. It is absolutely neces- sary and legitimate that there should be risk takers, people willing to buy speculative stocks, but anything which will mark off more sharply that class of stocks from the investment type will prevent a great amount of loss.
I do not mean to imply that numbers of the new non-par stocks will not prove highly valuable.
What to read after Putnams Investment Handbook a Stimulus And a Guide to Financial Independence?
You can find similar books in the "Read Also" column, or choose other free books by Albert William Atwood to read onlineMoreLess
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