Excerpt from The Elements of Speculation For the sake of a clear understanding it may be well to define the meaning of the word "Speculation" as employed in this volume. There has been a widespread corruption of the term, particularly when applied to operations in securities. The popular understanding is that a speculator is one who gambles on margin, who buys what he cannot pay for, or sells what he does not own. The man who buys outright and pays for what he buys is called an investor. In both cases the terms are frequently misused. Any purchase of securities made because the stock or bond purchased is considered cheap and in hope of an advance in value and price, is a speculative purchase. It matters not whether the property so acquired is paid for in cash or a partial payment made in the form of a margin. Yet so hazy is the general opinion on this subject that the man who buys on margin and borrows the balance from his broker is called a speculator, while the man who buys outright and then hypothecates his certificates with his banker for a loan is called an investor. The process is exactly the same in both cases. The distinction is without a difference. If a purchase is made through a broker on margin, the broker must at once pay for the purchase in full, charging the unpaid balance to the customer as a loan. The actual certificates are the broker's security just as they would become a bank's security in case they are made the basis of a loan. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

One of BuzzFeed's 24 Best Fiction Books of 2015 "As Simon, a lonely research librarian, searches frantically for the key to a curse that might be killing the women in his family, he learns strange and fascinating secrets about their past. A tale full of magic and family mystery, The Book of Speculation will keep you up all night reading."—Isaac Fitzgerald, BuzzFeed Simon Watson, a young librarian, lives alone in a house that is slowly crumbling toward the Long Island Sound. His parents are long dead. His mother, a circus mermaid who made her living by holding her breath, drowned in the very water his house overlooks. His younger sister, Enola, ran off six years ago and now reads tarot cards for a traveling carnival. One June day, an old book arrives on Simon's doorstep, sent by an antiquarian bookseller who purchased it on speculation. Fragile and water damaged, the book is a log from the owner of a traveling carnival in the 1700s, who reports strange and magical things, including the drowning death of a circus mermaid. Since then, generations of "mermaids" in Simon's family have drowned--always on July 24, which is only weeks away. As his friend Alice looks on with alarm, Simon becomes increasingly worried about his sister. Could there be a curse on Simon's family? What does it have to do with the book, and can he get to the heart of the mystery in time to save Enola? In the tradition of Sara Gruen's Water for Elephants, Erin Morgenstern's The Night Circus, and Elizabeth Kostova's The Historian, The Book of Speculation--with two-color illustrations by the author--is Erika Swyler's moving debut novel about the power of books, family, and magic.

The readers of Moody's Magazine are familiar with Mr. Gibson's works, "The Pitfalls of Speculation" and "The Cycles of Speculation," both of which were published by Moody's Magazine Book Department. In the works referred to Mr. Gibson points out in a general way the errors and possibilities of speculative ventures and offers suggestions as to correct methods. In this new volume he takes up in detail the principal fundamental factors governing security price movements and endeavors to show how, such factors may be examined and weighed" expeditiously and accurately. In this book Mr. Gibson discusses the following topics: The Anteriority of Security Prices, Crops, Security Prices and Crop Prospects, Money, The Currency Question, Our Foreign Trade, Bank Clearings, Charts and Stop Loss Orders, Mental Characteristics, The Future of Our Railroad and Industrial Securities, Speculation in Commodities. The author is one of the best known market writers of the country and has devoted his entire time for many years to the study of this work, in which he shows in a clear and simple manner the relative importance of all important basic factors and explains how they may be properly interpreted. The Elements of Speculation contains many comparative statistical tables not to be found in any other compilation. The book is uniform in size and binding with the "Pitfalls of Speculation" and the "Cycles of Speculation." —Moody's Magazine, Volume 15

Excerpt from The Pitfalls of Speculation Aside from these additions, it has not been deemed necessary to materially alter the orig inal text, as the test of ten years has brought forth no serious criticism of the general con tentions offered. What is sought in the 1916 edition is to amplify, rather than to revise. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Speculation on the New York Stock Exchange: September, 1904 March, 1907 Obtained under the régime of unhampered private control, it has seemed worth while to consider the activities on the New York Stock Exchange in a particular period. The 31 months, from September, 1904, to March, 1907, inclusive, have been chosen for this purpose, because of the sustained activity Of stock trading - measured by the number of shares sold each month - which characterized them. The degree of that activity is indicated in the following table in which sales for the 31 months chosen are compared with those in the periods Of equal length, immediately preceding and following. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Successful Stock Speculation It is a well known fact that there are tre mendons losses in stock speculation, but we claim that almost all Of these losses would be avoided if all speculators were guided by the principles expounded in this book. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from The A B C of Stock Speculation Following the publication of The A B C of Wall Street there were many requests for a book dealing with the prin ciples governing stock speculation. If there is one man better qualified than another to produce such a book that man is Mr. Charles H. Dow. Several attempts were made to have him write the desired volume but they were unavail ing. From time to time in his Wall Street career, extend ing over a quarter of a century, Mr. Dow has carefully evolved his theories of successful stock speculation. They are to be found in Chapters IV to XX, inclusive, and can be commended to any one interested in stock speculation as remarkable for their grasp of a subject about which so little has been written and so much misinformation is gratui tiously offered the public. In the preparation of this little volume thanks are also due to the Wall Street Journal, the Evening Post, the Dow, Jones Co's News Agency, Mr. Alexander Dana Noyes, Mr. Daniel Kellogg, Mr. E. W. Harden, and a number of brokers and speculators. The reader of course understands that there is no royal road to success in speculation. It would be fallacy to undertake to show how money can be made. No infallible plan has yet been discovered. Experience and observation when intelligent, however, are valuable, and we are of the opinion that the average speculator will find a study of the following pages to be useful and profitable. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.