The Machinery of Wall Street Why It Exists How It Works And What It Accomplish
The Machinery of Wall Street Why It Exists How It Works And What It Accomplish
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In our eReader you can find the full English version of the book. Read The Machinery of Wall Street Why It Exists How It Works And What It Accomplish 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 The Machinery of Wall Street Why It Exists How It Works And What It Accomplish
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To quickly assess the difficulty of the text, read a short excerpt:
In fact, the smaller investment houses which 144 THE MACHINERY are usually invited to join syndicates being formed by these leaders hardly feel at liberty to decline, even though in some special in- stance they might prefer to stay out ; for if they refuse to join in one syndicate they are very likely to be left out of the others which will certainly follow, and this they cannot afford.
There are many issues of securities which leading private bankers do not care to handle, either because the i...ssue is too small to yield enough profit or because its safety does not conform to their high standards. Small is- sues are handled by smaller houses, which may be of equal standing with the great leaders of the Street, only not so widely known.
Speculative issues are handled by other houses, each house taking its character and standing from the securities which it sponsdrs. The more doubtful the enterprise the larger the profits it has to promise in order to attract buyers, and as a general rule the greater the promises the greater the risks.
What to read after The Machinery of Wall Street Why It Exists How It Works And What It Accomplish?
You can find similar books in the "Read Also" column, or choose other free books by G C George Charles Selden to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In fact, the smaller investment houses which 144 THE MACHINERY are usually invited to join syndicates being formed by these leaders hardly feel at liberty to decline, even though in some special in- stance they might prefer to stay out ; for if they refuse to join in one syndicate they are very likely to be left out of the others which will certainly follow, and this they cannot afford.
There are many issues of securities which leading private bankers do not care to handle, either because the i...ssue is too small to yield enough profit or because its safety does not conform to their high standards. Small is- sues are handled by smaller houses, which may be of equal standing with the great leaders of the Street, only not so widely known.
Speculative issues are handled by other houses, each house taking its character and standing from the securities which it sponsdrs. The more doubtful the enterprise the larger the profits it has to promise in order to attract buyers, and as a general rule the greater the promises the greater the risks.
What to read after The Machinery of Wall Street Why It Exists How It Works And What It Accomplish?
You can find similar books in the "Read Also" column, or choose other free books by G C George Charles Selden to read onlineMoreLess
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