Excerpt from Investment and Speculation
"People will endeavor to forecast the future and make agreements according to their prophecy. Speculation of this kind by competent men is the self-adjustment of society to the probable." - Judge Holmes in a U.S. Supreme Court Decision.
"A study of past disturbances leads to the conviction that no severe depression has occurred which was not preceded by loud warnings. These warnings ought not to pass unheeded and in order to recognize them promptly, it is necessary that accurate statistics be furnished. Much improvement has been accomplished in the last few years, though it is to be regretted that so much of our statistical information is fragmentary or inaccurate. Official and private publications furnish much valuable information. Other statistics, which are inadequate or lacking, and which would be of great value, are those pertaining to the employment of labor, capital invested in new enterprises, amounts expended in new construction, volume of production in the various kinds of manufactures, and statistics of state banks and savings institutions similar to those pertaining to national banks. After making due allowance for the insufficiency of statistics, it must be said that the failure to pay sufficient attention to those already available is equally to be regretted." - Senator Theodore E. Burton.
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Paperback. Condition: New. Print on Demand. This book presents a comprehensive and accessible guide to investments and speculation, demystifying the complexities of the financial world. The author takes a historical approach, tracing the evolution of investment practices and highlighting the enduring principles that have guided investors throughout history. The book delves into a wide range of investment options, covering everything from farm mortgages and real estate to bonds, stocks, and other securities. The author provides practical advice on how to assess risk, diversify portfolios, and make informed investment decisions. This book is an invaluable resource for anyone seeking to navigate the often-complex world of investments and speculation. By understanding the historical context and fundamental principles that shape the financial markets, readers can make more confident and informed decisions about their financial future. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330247709_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330247709
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330247709
Quantity: 15 available