The Pitfalls of Speculation
The Pitfalls of Speculation
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In our eReader you can find the full English version of the book. Read The Pitfalls of Speculation 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 Pitfalls of Speculation
What reading level is The Pitfalls of Speculation book?
To quickly assess the difficulty of the text, read a short excerpt:
Their operations are simply bad in inverse ratio. There is one difference: the purchaser who has the means and patience to stand by an Digitized by VjOOQ IC 94 THE PITFALLS OP SPECULATION ill-timed purchase will eventually see daylight, while there is no certainty of this desirable con- summation for the bear. On the other hand, he may see his venture grow more and more dis- astrous as time and the advance of the country increases the value of the stock he has sold.
The cycles of speculation wi...ll of course bring him occasional hope, but these cycles occurring from a gradually ascending pivotal point carry him further from his original price at each revolution.
The short seller of stocks has against him at all times the natural future enhancement of values, and more specifically, the earnings and dividends of the securities in which he trades.
To make this more clear let us say that one hundred shares of a certain stock, paying 6%, are sold short at par, its normal price, and the commitment endures for one year.
What to read after The Pitfalls of Speculation?
You can find similar books in the "Read Also" column, or choose other free books by Gibson, Thomas, 1868- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Their operations are simply bad in inverse ratio. There is one difference: the purchaser who has the means and patience to stand by an Digitized by VjOOQ IC 94 THE PITFALLS OP SPECULATION ill-timed purchase will eventually see daylight, while there is no certainty of this desirable con- summation for the bear. On the other hand, he may see his venture grow more and more dis- astrous as time and the advance of the country increases the value of the stock he has sold.
The cycles of speculation wi...ll of course bring him occasional hope, but these cycles occurring from a gradually ascending pivotal point carry him further from his original price at each revolution.
The short seller of stocks has against him at all times the natural future enhancement of values, and more specifically, the earnings and dividends of the securities in which he trades.
To make this more clear let us say that one hundred shares of a certain stock, paying 6%, are sold short at par, its normal price, and the commitment endures for one year.
What to read after The Pitfalls of Speculation?
You can find similar books in the "Read Also" column, or choose other free books by Gibson, Thomas, 1868- to read onlineMoreLess
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