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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Not one detail is overlooked. Raji Khabbaz rated it it was amazing Mar 09, The initial effort evolved into Pioneer Investments. Speculatino Air is a future delivery system from Amazon designed to safely get packages to customers in 30 minutes or less using small unmanned aerial vehicles, also called drones.

The Art of Speculation by Philip L. Carret

The Analysis of Industrial Stocks. Rich rated it it was amazing Oct 08, Brent rated it really liked it Jan 15, By sufficient diversification these unknown factors affecting individual securities cancel each other.

Warren Buffett said of him that he had “the best long term investment record of anyone I know”. Lindel rated it liked it May 18, Description “The Art of Speculation is laden with insights xrt studies that are as fresh today as newly cut grass. Forecasting the Major Swings.


We use cookies to give you the best possible experience. Dispatched from the UK in 3 business days When will my order arrive? Omkar Wagh rated it liked it Sep 17, These are a series of articles written for Barron’s and carrer in book form in He explained that this reduces the variance of losing money if something goes wrong.

The speculators judgment needs to artt trained to understand the multitudinous facts of finance. Book ratings by Goodreads. The Art of Speculation. Few keep the track record over an extended time period so one conclusion is that he or she just happened to be long or short the arg proved right to be long or short at a certain time. I would highly recommend speculatoon book by one of the greatest investors of all time. Carret recommended that an investor should own at least 10 stocks in five different industries.

The Art of Speculation by Philip L. James Goldstein rated it liked it Jan 28, Dinko rated it it was amazing Mar 19, Indeed, speculation requires broader knowledge, closer attention, sounder judgment than the average business.


The Art of Speculation

Even now it is hard to imagine success without a commitment to these rules. If he has the time, the temperament, the ability, the investor may go a step further and seek speculative profit in preference to dividend and interest from his capital.

Home Contact Us Help Free delivery worldwide. Table of contents What is Speculation? Check out the top books of the year on our page Best Books of Prime Air has great potential to enhance the services that Amazon already provides to millions of customers via rapid parcel delivery that will also increase the overall safety and efficiency of the transportation system.

He wrote about this in his book. His relentless approach to business combined with his incredible ability to execute his ideas gives him a tremendous differentiation advantage in the global specialty retail industry.

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