The Pitfalls of Speculation
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The Pitfalls of Speculation

The Pitfalls of Speculation


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About the Book

This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1908. Not illustrated. Excerpt: ... XIII Conclusion THE three stages necessary to the development of the theories advanced in this work were, first, a recognition of the fact that public ventures were, considered as a unit, generally disastrous; second, an analysis of the causes which were responsible for this unsatisfactory fact; and finally, a confirmation of such analysis by statistical exhibits. Relative to the latter feature, the necessarily condensed and restricted nature of the figures submitted may be considered insufficient evidence, but as it is certain that there is never a material division of public speculative opinion at any time, the books of even one house with a public clientele may be considered a fair indication of all others. If the four thousand accounts, with their tens of thousands of operations, could be presented in detail, this unanimity of action would be more apparent, and their barometrical value greatly magnified. The figures submitted, however, are confirmatory and not basic, and while they are important, in that they dovetail with preconceived opinions, the logical conclusions presented must stand on their own bottom. That the public loses money in speculation is a notorious fact; that such losses take place in an arena which presents equal opportunities for profit or loss is indisputable, and it must follow, as the night the day, that the losses sustained are the result of mistaken judgment, erroneous methods, or misleading appearances. In presenting the different pitfalls which beset the path of the speculator, and suggesting a means of avoiding or bridging them, it is felt that a thorough understanding of such dangers was necessary to safety and maximum good results. Fortified with a knowledge of the machinery of the speculative world, and its workings, the trade...


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Product Details
  • ISBN-13: 9781151554413
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 32
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1151554413
  • Publisher Date: 09 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 77 gr


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