ISBN: 9781171675730

This is an early 20th century work on Wall Street and the stock market, particularly speculation. From the intro:"The public attitude toward speculation is generally hostile. Even those w… More...

This is an early 20th century work on Wall Street and the stock market, particularly speculation. From the intro:"The public attitude toward speculation is generally hostile. Even those who venture frequently are prone to speak discouragingly of speculative possibilities, and to point warningly to the fact that an overwhelming majority of speculative commitments result in loss, while those who venture not at all, and consequently are incompetent to judge, dismiss the subject with the This is an early 20th century work on Wall Street and the stock market, particularly speculation. From the intro:"The public attitude toward speculation is generally hostile. Even those who venture frequently are prone to speak discouragingly of speculative possibilities, and to point warningly to the fact that an overwhelming majority of speculative commitments result in loss, while those who venture not at all, and consequently are incompetent to judge, dismiss the subject with the statement that marginal trading is gambling, pure and simple, and is therefore pernicious. Those who enter into the subject a little farther, and attempt to adduce more specific argument against speculative possibilities, lay stress upon the statement that manipulation, trickery and wholesale deception render it impossible for the outsider to enter the field safely or intelligently. These statements, usually unsupported, and frequently insupportable, are accepted by the prejudiced multitude as gospel truth, without any attempt being made to examine their foundation or correctness. So far as the question of gambling is concerned, it would be entering a very large field to attempt to define just what is and what is not gambling. The idea that the man who buys a certain stock outright invests, while he who buys on margin gambles, is a popular fallacy. The speculator purchases in the hope of an advance, and if two purchases are made for parallel reasons, one for cash, and one on margins, both purchases are speculative. That speculative fluctuations are largely used as a basis for gambling operations, is unquestionably true, and possibly an acceptable dividing line may be drawn on the following hypothesis: gambling, in the general acceptance of the term, is founded upon blind chance, the equal possibility of certain events occurring or not occurring; this is modified in some cases by the exercise of superior skill in such games as admit of skill; but fundamentally, Books, History~~General, Pitfalls-of-Speculation~~Thomas-Gibson, , , , , , , , , , Nabu Press<

ISBN: 9781171675730

History. appears to be repeating itself," Thomas Gibson wrote in 1906 in The Pitfalls Of Speculation. In his review of thousands of financial records over a 10-year period, he observed th… More...

History. appears to be repeating itself," Thomas Gibson wrote in 1906 in The Pitfalls Of Speculation. In his review of thousands of financial records over a 10-year period, he observed that a majority of investment accounts ultimately showed a final loss - and that there was a trend toward buying high and selling low. This practical manual features topics ranging from the dangers of ignorance and over-speculation to market manipulation and short selling - including Gibson's relevant suggestions on not only deciding what to buy, but when to buy as well. The Pitfalls Of Speculation is a stock market classic offering a wealth of knowledge and intelligent methods for investment success. Books History~~General Pitfalls-of-Speculation~~Thomas-Gibson Nabu Press This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.<

ISBN: 9781171675730

This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either pa… More...

This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book. Thomas Gibson, Books, History, The Pitfalls Of Speculation Books>History This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.<

2010, ISBN: 1171675739, Lieferbar binnen 4-6 Wochen Shipping costs:Versandkostenfrei innerhalb der BRD

Internationaler Buchtitel. In englischer Sprache. Verlag: Nabu Press, 164 Seiten, L=189mm, B=246mm, H=9mm, Gew.=304gr, [GR: 25500 - TB/Geschichte], [SW: - History - General History], Kar… More...

Internationaler Buchtitel. In englischer Sprache. Verlag: Nabu Press, 164 Seiten, L=189mm, B=246mm, H=9mm, Gew.=304gr, [GR: 25500 - TB/Geschichte], [SW: - History - General History], Kartoniert/Broschiert This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.<