Art Of Speculation

Acclaimed as an outstanding guide by investors of the past and present, The Art of Speculation remains a classic of finance literature, as vital and relevant today as it was upon its first publication in 1930. Written by the legendary Wall Streeter Philip Carret, a leading thinker in basic value investing, this historical view of the U.S. market constitutes a complete guide to securities-particularly in terms of bonds, stocks, and derivatives. A bond salesman, financial journalist, and mutual fund manager, Carret founded one of the first mutual funds, the prestigious Pioneer Fund. His treasury of informative studies, aphorisms, and insights into the history of speculation offers a perceptive examination of the variety of ways in which speculation influences the worlds of business and financial trading. Its practical premise-that the speculator serves a vital and necessary role in a free-market economy-is developed through informative surveys of investment topics such as short selling, government regulation, options, and arbitrage. Book jacket.Carret, Philip L. is the author of 'Art Of Speculation', published 2004 under ISBN 9780486439648 and ISBN 048643964X.