Overview
"The Art of Speculation is laden with insights and studies that areas fresh today as newly cut grass . . . a joy to read. The topicscovered were timeless in 1931 . . . and written in 24-caratprose."
—from the Foreword by Victor Niederhoffer
—from the Foreword by Victor Niederhoffer
A classic in every sense of the word, The Art ofSpeculation has been heralded by investors, both past andpresent, as a true standout in the field. Written by PhilipCarret—a Wall Street legend long considered a leading thinkerin basic value investing—this timeless work is as vital apart of finance literature today as it was when it first appearedalmost seventy years ago.
Acclaim for The Art of Speculation
"Philip Carret has been practicing the art of investing longerthan anyone. In the current frothy stock market environment it ishelpful to read his insights into the Great Crash of 1929 to see ifthere are useful parallels. Beginning investors will find The Artof Speculation instructive and students of the market will learnmuch about what investing was like seven decades ago beforecomputers, derivatives, junk bonds, discount brokers, and hedgefunds. His Twelve Commandments for Speculators is good advice forus all."
—Byron R. Wien, Managing Director/U.S. InvestmentStrategist Morgan Stanley & Co., Inc.
"A genuine rarity: the intricacies of investing illuminated byclear writing and timeless insight. The chapters on how to read abalance sheet and income statement are classics. No investor shouldeven consider dabbling in the frantic IPO market of today withouthaving read them first."
—Christopher M. Byron Esquire
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