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 ...
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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, gambling is wholly dependent upon the equal chances of two or more opposed individuals."
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Add this copy of The Pitfalls of Speculation to cart. $6.00, very good condition, Sold by Bookmonger.Ltd rated 4.0 out of 5 stars, ships from Hillside, NJ, UNITED STATES, published 2009 by BiblioBazaar.
Add this copy of The Pitfalls of Speculation to cart. $13.71, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2005 by Cosimo Classics.
Add this copy of The Pitfalls of Speculation to cart. $35.00, good condition, Sold by The Book Bin rated 5.0 out of 5 stars, ships from Salem, OR, UNITED STATES, published 1908 by Moody's Magazine.
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Seller's Description:
Good. 146pp + unpaginated index and ads. Boards lightly rubbed, some small red stains on back cover. Endpapers yellowed. Pages are mostly clean and bright, occasional marks in pencil, and pages 100-101 are stained dark where someone left a bookmark. The text is still readable on these pages. Binding is sound. Size: 12mo-over 6 3/4 in-7 3/4 in tall. Year: 1908.
Add this copy of The Pitfalls of Speculation to cart. $110.00, very good condition, Sold by Second Life Books Inc. rated 5.0 out of 5 stars, ships from Lanesborough, MA, UNITED STATES, published 1906 by Moody.
Add this copy of The Pitfalls of Speculation to cart. $300.00, very good condition, Sold by Princeton Antiques Bookservice rated 3.0 out of 5 stars, ships from Atlantic City, NJ, UNITED STATES, published 1908 by MOODY'S MAGAZINE.
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Seller's Description:
VERY GOOD. JACKET: TORN DJ. 5.5 X 7.25. Dj is chipped/creased along edges, tanned spine, slightly soiled on spine, and slighlty rubbed cover. Gold gilt lettering on cover and spine, tight binding, clean body and unmarked text. Very light shelf wear, and some pencil markings on interior pages, and previous owner's name is written on front inside board. _PAB_
