In The Art of Speculation, Philip Carret helps investors deal with the unknown. Here are some lessons from the book. The Art of Speculation presents a complete review of the tools of the Philip L. Carret was a Wall Street legend and pioneer of one of the first mutual funds. Offering an accessible yet exhaustive roadmap to the markets, The Art of Speculation delineates the tenets of the speculative endeavor and basic value.

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The Art of Speculation –

I have confidence and faith that Bezos will use artt relentless tactics and successfully implement drones as a method of delivery for the company in the future. The initial effort evolved into Pioneer Investments. Lists with This Book. Every year, every business cycle and every decade has its hero. Graham and you could argue that the contents of the two books are rather similar. Caret featuring millions of their reader ratings on our book pages to help you find your new favourite book. Open Preview See a Problem?

James Goldstein rated it liked it Jan 28, Bruce Bowman rated it it was amazing Sep 13, The Art speulation Speculation. He explained that this reduces the variance of losing money if something goes wrong.

Description Reprint of Edition. His Twelve Commandments for Speculators is good advice for us all.


Visit our Beautiful Books page and find lovely books for spceulation, photography lovers and more. Table of contents What is Speculation? Alex rated it really liked it Dec 08, Paperbackpages.

He also believes the company has tremendous growth potential over the next 25 to 30 years. There are no discussion topics on this book yet. Nawar Alsaadi rated it liked it Dec 17, The Art of Speculation Philip L.

The Art of Speculation

Omkar Wagh rated it liked it Sep 17, When Speculation Becomes Investment. Profits in Financial Surgery. It was originally written as a series of articles for Barron’s in and described the process he used for his investing. Exact carreg of the original edition, not reproduced with Optical Recognition Software. Return to Book Page.

Having a large margin of safety reduces the variance of losing money due to variance or fluctuation in the market, in case the unknown happens or variance and volatility sets in. In the current frothy stock market environment it is helpful to read his insights into the Great Crash of to see if there are useful parallels. Carret wrote the “Art of Speculation” that was published in ; through it, I learned there is an art to speculation that one of the greatest investors of all time used soeculation his advantage to amass incredible returns over the course of his career.

Series Wiley Investment Classics. Carret lived from toand, according to Warren Buffett TradesPortfoliohe had “the best long-term investment record of anyone Specluation know.

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With thorough explanations of exactly what speculation is, its role in business, and its importance in the “financial machinery, ” Carret provides important details on speculation vehicles, price movement, bull markets, balance speculatioj, and income statements. Raji Khabbaz rated it it was amazing Mar 09, By using our website you agree to our use of cookies.

Dispatched from the UK in 3 business days When will my order arrive? Acclaim for The Art of Carrft “Philip Carret has been practicing the art of investing longer than anyone. Product details Format Paperback pages Dimensions Jun 07, Aharon rated it really liked speculayion. Home Contact Us Help Free delivery worldwide. If you type in www. Dinko rated it it was amazing Mar 19, The investor must assume some degree of speculative risk; the intelligent investor will seek a certain measure of speculative profit.

Josiah Redding rated it it was ok Aug 31, Market Movement-Ripples and Waves. Even now it is hard to imagine success without a commitment to these rules.

Oliver rated it really liked it Dec 23, Description “The Art of Speculation is laden with insights and studies that are as fresh today as newly cut grass.