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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My speculxtion is that The Art of Speculation meant a lot to Mr. There is brilliance in their simplicity-in fact, it is clear why Warren Buffett once called Carret one of the greatest investors of all time. Even now it is hard to imagine success without a commitment to these rules.
James Goldstein rated it liked it Jan 28, Thanks for telling us about the problem. He wrote about this in his book.
The investor must assume some degree of speculative risk; the intelligent investor will seek a certain measure spceulation speculative profit. The Art of Speculation.
The Art of Speculation by Philip L. Carret
He explained that this reduces the variance of losing money if something goes wrong. The loss which is due to the unknown factor in one case will be counterbalanced by an unexpectedly large profit in another.
The Romance of Buried Treasure. 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. CARRET has been a bond salesman, financial journalist, and mutual fund manager of extraordinary vision and ability.
Successful speculation requires capital, courage and judgment. 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.
It is the hope of the author that this book can be of assistance in that connection. Rails and Utilities-Victims or Beneficiaries of Regulation?
Nawar Alsaadi rated it liked it Dec 17, Acclaim for The Art of Speculation “Philip Carret has been practicing the art of investing longer than anyone. To ask other readers questions about The Art of Speculationplease sign up. Danton rated it really liked it Jul 12, Andrew rated it really liked carrer Jan 16, Warren Buffett said of him that he had “the best long term investment record of anyone I know” He is most famous for the long successful track record he achieved investing in Common Stocks and for being one of Warren Buffett’s role models.
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The Art of Speculation
Warren Buffett said of him that he had “the Every year, every business cycle and every decade has its hero. Josiah Redding rated it it was ok Aug 31, Warren Buffett said of him that he had “the best long term investment record of anyone I know”. Philip O’Shea rated it really liked it Nov 07, His relentless approach to business combined specullation his incredible ability to execute specu,ation ideas gives him a tremendous differentiation advantage in the global specialty retail industry.
Brijesh Thakkar rated it liked it Nov 02, Indeed, speculation requires broader knowledge, closer attention, sounder judgment than the average business. Home Contact Us Help Free delivery worldwide. 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 arg turbulence of today’s confusing investment landscape.