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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You are currently using the site but have requested a page in the site. Would you like to change to the site? A classic in every sense of the word, The Art of Speculation has been heralded by investors, both past and present, as a true standout in the field.

Written by Philip Carret—a Wall Street legend long considered a leading thinker in basic value investing—this timeless work is as vital a part of finance literature today as it was when it first appeared almost seventy years ago. 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. Beginning investors will find The Art of Speculation instructive and students of the market will learn much about what investing was like seven decades ago before computers, derivatives, junk bonds, discount brokers, and hedge funds.


His Twelve Commandments for Speculators is good advice for us all. The chapters on how to read a balance sheet and income statement are classics. No investor should pseculation consider dabbling in the frantic IPO market of today without having read them first.

The Art of Speculation. The Art of Speculation Philip L.

The Art of Speculation

Added to Your Shopping Cart. Description “The Art of Speculation is laden with specylation and studies that are as fresh today as newly cut grass. The topics covered were timeless in Acclaim for The Art of Speculation “Philip Carret has been practicing the art of investing longer than anyone.

CARRET has been a bond salesman, financial journalist, and mutual fund manager of extraordinary vision and ability.

Table of contents What is Speculation? The Machinery of Markets. The Vehicles of Speculation. Market Movement-Ripples and Waves. The Tides of Speculation. Forecasting the Major Swings. The Lifeblood of Speculation.


What Is a Bull Market? How to Read a Balance Sheet. How to Read an Income Statement.

Rails and Utilities-Victims or Beneficiaries of Regulation? The Analysis of Industrial Stocks. The Romance of Buried Treasure.

The Art of Speculation –

Profits in Financial Surgery. Trading in Unlisted Securities. When Speculation Becomes Investment. Series Wiley Investment Classics.