Duquesne Monthly, Vol. 35

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Excerpt from Duquesne Monthly, Vol. 35: October, 1927The same author goes further to say An investment of a thousand dollars can be multiplied to an investment of sev eral hundred thousand dollars in about twenty years with but very little risk and without selling short or purchasing on margin. The only requisite is a constant study of compara tive and fundamental statistics and sufficient self-control to act only in accordance' with what these statistics indicate, refusing to listen to' either the optimism or the pessimism supplied by the daily papers and by the many individuals who are always giving free advice.Merchants who never even buy or sell securities use this data with equal profit. Fundamental statistics clearly show the merchant when to buy and increase his stock and When to cut prices and reduce his stock. They also enable the merchant to forecast money conditions in order that he may intelligently decide whether to borrow the money neces sary to allow customers further credit or to reduce his loans and the indebtedness of his customers. Moreover, at all times, these figures show the merchant the condition of busi ness throughout the country so that he always knows whether the growth or the contraction of his business is proportional to that of his competitors.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.