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Book The ABC of Stock Speculation (Marketplace Classics)


The ABC of Stock Speculation (Marketplace Classics)

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    Available in PDF - DJVU Format | The ABC of Stock Speculation (Marketplace Classics).pdf | Language: ENGLISH
    S. A. Nelson(Author)

    Book details

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.

3.4 (11330)
  • Pdf

*An electronic version of a printed book that can be read on a computer or handheld device designed specifically for this purpose.

Formats for this Ebook

Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch.
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes

Book details

  • PDF | 210 pages
  • S. A. Nelson(Author)
  • Marketplace Books (January 1, 2007)
  • English
  • 4
  • Business & Money

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Review Text

  • By Robert Kirk on December 16, 2015

    The book's advice is still valuable after all these years. There are pockets of wisdom and the book is worth your time but it is very frustrating to read on a kindle. I guess that's the problem with out of print books.

  • By shivonne on October 11, 2017

    This book is a must read for those interested in the market and the why’s of the market.

  • By A customer on May 20, 1999

    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 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.

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