Investment and Speculation

Investment and Speculation

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ... a clear understanding of these matters, there still remain some general features which should be thoroughly investigated. Serious consideration should be accorded to the previous history of the enterprise or the property or undertakings on which it is based. If inventions enter prominently, what is the previous record of the inventor? By whom are the statements made, and is the person making them reliable? Finally, are there any contracts or obligations not now effective by which the enterprise may subsequently be affected? With all these facts before the investor and carefully considered, he is at least assured against falling a prey to every financial sharp. Neither they nor their enterprises could furnish a clean bill of health where probed by an examination as thorough as this. While they are by no means a complete assurance against loss, since an honest enterprise may meet with difficulties, they do raise sufficient safeguards againlst downright dishonesty. In conclusion, it may be said that the investor should demand, before parting with a penny of his money, a complete financial statement, including item by item the assets and the liabilities, the earnings and the expenses, of a going concern. In another section, a specimen statement is submitted to demonstrate how figures sometime can be made to lie in a way to do credit to a Baron Munchausen. If investors will conduct an investigation such as has been here proposed, there will be very few who will, if they exercise a little bit of intelligence, have cause to complain that they have been victimized. They will have locked the stable door before the horse has been stolen. Swindlers operating in the financial field are unable to reply properly to all these questions, and even if they should...show more

Product details

  • Paperback | 78 pages
  • 189 x 246 x 4mm | 154g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236639154
  • 9781236639158