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 text is obviously dated and irrelevant in some instances and sometimes the author is a bit slow to make obvious points. Home Contact Us Help Free delivery worldwide. The topics covered were timeless in 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.

Specculation and you could argue that the contents speculatiln the two books are rather similar.

The Art of Speculation. The Vehicles of Speculation. Bart rated it liked it Jul 22, By using our website you agree to our use of cookies. To ask other readers speculaion about The Art of Speculationplease sign up.


The Art of Speculation

Dan rated it liked it Jul 23, Description “Speculation is no simple business. No trivia or quizzes yet. Product details Format Paperback pages Dimensions x x 20mm Looking for beautiful books?

In fact, speculation is inseparable from investment.

The Art of Speculation : Philip L Carret :

The Tides of Speculation. Goodreads helps you keep track of cwrret you want to read. What Is a Bull Market? Lindel rated it liked it May 18, The loss which is due to the unknown factor in one case will be counterbalanced by an unexpectedly large profit in another.

Visit our Beautiful Books page and find lovely books for kids, photography lovers and more. By sufficient diversification these unknown factors affecting individual securities cancel each other.

The initial effort evolved into Pioneer Investments. Misleading title, provides insightful comments on analysing companies from a business perspective.

Not one detail is overlooked. AMZN using my own art of speculation. The Best Books of These are a series of articles written speculxtion Barron’s and published in book form in Trading in Unlisted Securities. Added to Your Shopping Cart. Brijesh Thakkar rated it liked it Nov 02, Indeed, speculation requires broader knowledge, closer attention, sounder judgment than the average business. CARRET has been a bond salesman, financial journalist, and mutual fund manager of extraordinary vision and ability.


Even now it speculattion hard to imagine success without a commitment to these rules. Mar 13, Ngee Poo rated it really liked it. Book ratings by Goodreads.

The Art of Speculation –

Goodreads is the world’s largest site for readers with over 50 million reviews. Product details Format Paperback pages Dimensions Forecasting the Major Swings. Profits in Financial Surgery.

Aug 21, InvestingByTheBooks. Lists with This Book.

I agree with his statement and hope that many more read this wonderful book. The speculators judgment needs to be trained to understand the multitudinous facts of finance.