Investment and Speculation, Vol. 7: A Description of the Modern Money Market and Analysis of the Factors Determining the Value of Securities; Modern Business (Classic Reprint)
Excerpt from Investment and Speculation, Vol. 7: A Description of the Modern Money Market and Analysis of the Factors Determining the Value of Securities; Modern Business Speculation 1s an investment of money in which large risk 18 taken in expectation of great gain. But it is not easy to draw the line where investment ends and speculation begins. In Wall Street such a line is drawn, but it is an arbitrary division. When a security is bought and paid for in full, put away in a place of safe keeping and held for the income ...
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Excerpt from Investment and Speculation, Vol. 7: A Description of the Modern Money Market and Analysis of the Factors Determining the Value of Securities; Modern Business Speculation 1s an investment of money in which large risk 18 taken in expectation of great gain. But it is not easy to draw the line where investment ends and speculation begins. In Wall Street such a line is drawn, but it is an arbitrary division. When a security is bought and paid for in full, put away in a place of safe keeping and held for the income it yields - that is called an investment. The great bulk of the dealings in bonds are for investment. When a security is bought on margin and held for sale as soon as the price advances - that is speculation. The bulk of the dealings in stocks is speculative. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.