THE CAREFUL INVESTOR

THE CAREFUL

INVESTOR

BY

incide

EDWARD SHERWOOD MEAD, Ph.D.

PROFESSOR OF FINANCE IN THE WHARTON SCHOOL OF FINANCE

AND COMMERCE, UNIVERSITY OF PENNSYLVANIA

COPYRIGHT, 1911, 1912, 1913, 1914, BY J. B. LIPPINCOTT COMPANY

PUBLISHED, JANUARY, 1914

PRINTED BY J. B. LIPPINCOTT COMPANY
AT THE WASHINGTON SQUARE PRESS

PHILADELPHIA, U. S. A.