5.Commodity trading is an unsuitable arena for the timid, for uninformed, and income-minded investors. It's only for speculators with sporting blood. Different Corporate Characteristics With almost 50,000 different securities on the market to choose from, including issues of many thousands of individual corporations, it might be well to devote a few pages to the structural differences among the various corporate enterprises and the different forms of government regulation which may affect their capitalizations and earning powers. Public Utilities Well start with public utilities. Certain companies which supply broad and vital services are by nature almost monopolistic, and competition in the same area among them would be both illogical and wasteful.

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