"The publication of this new and greatly enlarged edition of The
Battle For Investment Survival is due to two factors--the steady
demand for the other edition which is now out of print and the
generally flattering comment made by various readers of that
edition. The contents of the earlier book are included here,
practically without change, but this edition contains considerable
additional material. "Any earner who earns more than he can spend
is automatically an investor. It doesn't matter in the slightest
whether he wants to be or not, or even whether he realizes that he
is investing. "All the above boils down to the necessity of
measuring the return from investments in purchasing power rather
than dollars. You must get back a sufficient number of additional
dollars to make up for lost purchasing power if prices are rising,
and a high enough percentage of your original dollars if prices are
falling. I put it this way because usually there is some profit
from investments in times of rising prices (but rarely enough), and
generally there are losses in times of falling prices, and usually
too many."
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