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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Thanks for telling us about the problem. Return to Book Page. The Art of Speculation by Philip L. Offering an accessible yet exhaustive roadmap to the markets, The Art of Speculation delineates the tenets of the speculative endeavor and basic value investing, a strategy oft forgot in the turbulence of today’s confusing investment landscape.
With thorough explanations of exactly what speculation is, its role in business, and its importance in the “financial machinery, speculatioon Offering an accessible yet exhaustive roadmap to the markets, The Art of Speculation delineates the tenets of the speculative endeavor and basic value investing, a strategy oft forgot in the turbulence of today’s confusing investment landscape.
With thorough explanations of exactly what speculation is, its role in business, and its importance in the “financial machinery, ” Carret provides important details on speculation vehicles, price movement, bull markets, balance sheets, and income statements.
He then relates the speculative endeavor to specific practices, showing how to successfully apply it to short selling, arbitrage, market forecasting, and stock analysis. As a foundation upon which to build, Carret presents his “Twelve Commandments for Speculators, ” a set of rules which, as he points out, “must be followed intelligently if success is to be attained. Paperbackpages. Published April 3rd by Wiley first published January 1st To see what your friends thought of this book, please sign up.
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Be the first to ask a question about The Art of Speculation. Lists with This Book. This book is not yet featured on Listopia. Jun 07, Aharon rated it really liked it. I had to sell my organs to meet a margin call, and I finally understand why! Mar 13, Ngee Poo rated it really liked it. Timeless principles from a classic, one of the most underrated investors. Misleading title, provides insightful comments on analysing companies from a business perspective.
The Art of Speculation
Aug 21, InvestingByTheBooks. Every year, every business cycle and every decade has its hero. Carrst 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 asset proved right to be long or short at a certain time.
Philip Carret — cannot be accused of being a one hit wonder.
The Art of Speculation by Philip L. Carret
Warren Buffett said of him that he had “the Every year, every business cycle and every decade has its hero. Warren Buffett said of him that he had “the best long term investment record of anyone I know”. However, he was not off to a good start carre the fund lost money in the stock market crash of and the Great Depression that followed, but from the mid’s Carret had an amazing performance.
It was originally written as a series of articles for Barron’s in and described the process he used for his investing.
My cxrret is that The Art of Speculation meant a lot to Mr. Graham and you could argue that the contents of the two books are rather similar. The good news then is that this book is a much easier read, and also I think it makes some very good observations in the end.
The text is obviously dated and irrelevant in some instances and sometimes the author is a bit slow to make obvious points. These and his comments have travelled well since they were written. My top 4 are below. Successful speculation requires capital, courage and judgment.
The speculator himself speculatoin supply all three. Natural good judgment is not enough. The speculators judgment needs to be trained to understand the multitudinous facts of finance. It is the hope of the author that this book can be of assistance in that connection.
I agree with his statement and hope that many more read this wonderful book. Gurpreet Narang rated it liked it Oct 20, Danton rated it really liked it Jul 12, James Goldstein rated it liked it Jan 28, Rich rated it it was amazing Oct 08, Philip O’Shea rated it really liked it Nov 07, Dan rated it liked it Jul 23, Raji Khabbaz rated it it was amazing Mar 09, Pritesh rated it it was amazing Feb 15, Brent rated it really liked it Jan 15, Sk rated it it was amazing Dec 20, Ivan rated it really liked it Jul 16, Bart rated it liked it Jul 22, Bryan Taylor rated it liked it Sep 18, Josiah Redding rated it it was ok Aug 31, Andrew rated it really liked it Jan 16, Speculaton rated it liked it May 18, Anil Tulsiram rated wpeculation liked it Feb 18, Bruce Bowman rated it it was amazing Sep 13, Alex rated it really liked it Dec 08, Brijesh Thakkar rated it liked it Nov 02, Dan Pfeiffer rated it really liked it Jun 26, Dinko rated it it was amazing Mar 19, Nawar Alsaadi rated it liked it Dec 17, Oliver rated it really liked speulation Dec 23, Omkar Wagh rated it liked it Sep 17, There are no discussion topics on this book yet.
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