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.