Speculation is no simple business....Indeed, speculation requires broader knowledge, closer attention, sounder judgment than the average business. Published in 1930, on the heels of America s greatest depression, Phillip L. Carret s classic is a perceptive and complete examination of speculation and its vital role in our economy. Carret, a Wall Street legend and founder of one of the first mutual funds, was one of the greatest minds tackling the intricacies of business, finance, and speculation. With clarity and precision, he presents the history of the profession, the relationship between speculation and business, and the fundamentals bonds, securities, derivatives, and stocks, as well as the more complex areas of analysis, margins, and arbitrage. Not one detail is overlooked. In the final chapter, Carret distills the essence of his wisdom into 10 Commandments for Speculators. There is brilliance in their simplicity in fact, it is clear why Warren Buffett once called Carret one of the greatest investors of all time. Even now it is hard to imagine success without a commitment to these rules. The Marketplace Books Classics Series With titles ranging from the hallmark Think and Grow Rich by Napoleon Hill to The ABC of Stock Speculation by S. A. Nelson, our original and unabridged series hopes to illuminate the steadfast values and advice for investment and trading that have remained unchanged over 70 years. It is our hope that careful and open-minded examination of these books will show that financial wisdom is something that transcends time. We have made the conscious choice to publish these classic works in their full and original state in an accessible paperback format. We encourage you to read slowly, bookmark pages, make notes, and immerse yourself in these books original essences. We think you will be amazed at how little the core advice for trading the markets has changed and how valuable this advice will be for your investing life today.
The ABC of Stock Speculation
and over one million other books are available for Amazon Kindle.
Learn more
| ||||||||||||||||||||||||
Book Description
Frequently Bought Together
Product Details
Would you like to update product info or give feedback on images?
|
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
10 of 10 people found the following review helpful:
5.0 out of 5 stars
A great place to check out Charles Dow...,
By A Customer
This review is from: ABC of Stock Speculation (Fraser Publishing Library) (Paperback)
The original Dow Theory articles by Charles Dow combine an odd mix of topics: cutting losses; letting profits run; averaging down, buying "value" on the dips; and market manipulation. Dow frankly states that "the markets are always more or less manipulated." But then later he admits... "...people in Wall Street...do not know what the market will do with any regularity..." He advocates averaging down a few times, which is odd, considering what he wholeheartedly endorses several times... Dow mentions cutting losses short and letting profits run more than any other single idea. It appears in almost every article. On bear markets... "There will be a sifting of the better from the worse, visible enough at a distance, but not conspicuous at any particular stage in the process." Sounds like the "narrow advance" of today...the pinnacle market?... One of the articles involves a description of discretionary accounts (managed accounts) that makes the swindling operators of them sound like the guys who are running LTCM (see WSJ 5-20-99, page C-1). They take your money and tell you it wasn't their fault when the market kills them. The only (possible) difference is that many of the swindlers of earlier this century never actually invested the money they received. They just took it and ran. An interesting read. Buy a copy of S.A. Nelson's The ABC of Stock Speculation. That's where I read these articles.
6 of 8 people found the following review helpful:
4.0 out of 5 stars
Great Book after all these years,
By Scott K. (USA) - See all my reviews
Amazon Verified Purchase(What's this?)
This review is from: ABC of Stock Speculation (Fraser Publishing Library) (Paperback)
This was a good, fun and practical read. It amazes me that so many things that were true in the early 1900s still apply today. The principles in this book will help you be a better investor or trader.
Share your thoughts with other customers: Create your own review
|
|
Inside This Book
(learn more)
First Sentence:
Etymological authorities are not in entire accord respecting the origin of the word "Broker." Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
bull campaign, bucket shop keeper, bucket shop operator, average speculator, bear campaign, successful speculator, stock speculation, bear period, hull market, active stocks, bucket shops, discretionary accounts, buying orders, cent margin, leading stocks, large operators, public buying Key Phrases - Capitalized Phrases (CAPs): (learn more)
Wall Street, Consolidated Exchange, New York, Union Pacific, United States, Missouri Pacific, Dow's Theory, Rock Island, Western Union, Northern Pacific, People's Gas, Lake Shore New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
Etymological authorities are not in entire accord respecting the origin of the word "Broker." Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
bull campaign, bucket shop keeper, bucket shop operator, average speculator, bear campaign, successful speculator, stock speculation, bear period, hull market, active stocks, bucket shops, discretionary accounts, buying orders, cent margin, leading stocks, large operators, public buying Key Phrases - Capitalized Phrases (CAPs): (learn more)
Wall Street, Consolidated Exchange, New York, Union Pacific, United States, Missouri Pacific, Dow's Theory, Rock Island, Western Union, Northern Pacific, People's Gas, Lake Shore New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
Books on Related Topics
(learn more)
|
|
What Other Items Do Customers Buy After Viewing This Item?
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product).
|
Listmania!
|
|
