The Art of Speculation - Hardcover

Carret, Philip L

Hardcover

ISBN 10: 125804501X ISBN 13: 9781258045012

Publisher: Literary Licensing, LLC, 2011

Synopsis

The Art of Speculation by Philip L. Carret is a classic investment book that provides readers with a comprehensive guide to investing in the stock market. The book was first published in 1930 and has since been updated to reflect changes in the investment landscape. Carret was a successful investor and founder of the Pioneer Fund, which was one of the first mutual funds in the United States. In The Art of Speculation, he shares his investment philosophy and strategies for identifying undervalued stocks and making profitable investments. The book is divided into three parts. The first part focuses on the fundamental principles of investing, such as the importance of research, analysis, and discipline. The second part delves into the technical aspects of investing, including chart reading, market timing, and risk management. The final part provides readers with practical advice on how to apply these principles and strategies in the real world. Overall, The Art of Speculation is a valuable resource for anyone looking to improve their investment skills and achieve success in the stock market. Carret's insights and strategies are still relevant today, making this book a timeless classic in the world of investing.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

About this title

Review

First published in 1930, The Art of Speculation by Philip Carret has long been praised for its perceptive examination of the various ways that speculation impacts the worlds of both business and financial trading. Now, almost seven decades later, a newly updated edition proves as instructive as ever on this and related investment topics such as short selling, government regulation, options, and arbitrage. Chapters on reading a balance sheet and an income statement remain classics.

From the Back Cover

"The Art of Speculation is laden with insights and studies that are as fresh today as newly cut grass . . . a joy to read. The topics covered were timeless in 1931 . . . and written in 24-carat prose." --from the Foreword by Victor Niederhoffer

A classic in every sense of the word, The Art of Speculation has been heralded by investors, both past and present, as a true standout in the field. Written by Philip Carret --a Wall Street legend long considered a leading thinker in basic value investing --this timeless work is as vital a part of finance literature today as it was when it first appeared almost seventy years ago.

Acclaim for The Art of Speculation

"Philip Carret has been practicing the art of investing longer than anyone. In the current frothy stock market environment it is helpful to read his insights into the Great Crash of 1929 to see if there are useful parallels. Beginning investors will find The Art of Speculation instructive and students of the market will learn much about what investing was like seven decades ago before computers, derivatives, junk bonds, discount brokers, and hedge funds. His Twelve Commandments for Speculators is good advice for us all." --Byron R. Wien, Managing Director/U.S. Investment Strategist Morgan Stanley & Co., Inc.

"A genuine rarity: the intricacies of investing illuminated by clear writing and timeless insight. The chapters on how to read a balance sheet and income statement are classics. No investor should even consider dabbling in the frantic IPO market of today without having read them first." --Christopher M. Byron Esquire

Edition details

• Publisher: Literary Licensing, LLC
• Publication date: 2011
• Language: English
• ISBN 10: 125804501X
• ISBN 13: 9781258045012
• Binding: Hardcover
• Number of pages: 378