Even among Wall Street legends, Philip L. Carret is a giant, the founder of one of the first mutual funds-the Pioneer Fund, which debuted in 1928-and a fount of knowledge and experience whose investing wisdom is acclaimed to this day.
This classic guide to the nuts and bolts of speculating in the market, assembled from a series of articles for Barron's, is still one of the best primers available for beginners... and an excellent brush-up lesson for old hands.
In clear-eyed, down-to-earth language, Carret discusses:
. what is speculation?
. why the investor must speculate
. how stocks resemble real estate
. trading on margin
. over-the-counter trading
. how to find a reliable broker
. the disadvantages of options
. the secret of the "sure-thing speculation"
. forecasting market swings
. understanding a bull market
. how to read a balance sheet
. and much, much more.
American entrepreneur and financial writer PHILIP L. CARRET (1896-1998) is also the author of Buying a Bond.
