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Excerpt from The Principles of Profitable Investing Money can be made in two ways. It can be earned by labor. It can be multiplied by investment. Every man can be a successful investor, if he adopts the same plan as used by people of considerable means. This plan eliminates all chance or speculation, and is a step in the right direction to financial independence. The degree of success, of course, depends on carrying out the plan without stop or hesitation. Investing a Business People are coming to realize more and more that investing money is a business in itself. It calls for a special knowledge of the investment field – a knowledge of the particular investment under consideration. This in turn calls for an analysis of the corporation back of the security; its present physical and financial condition; the volume of business done; the demand for its product, market conditions, etc. From this it should be seen that unstudied or guesswork methods in buying securities are dangerous. The investor is buying more or less blindly, and the security of the principal is in jeopardy. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.