Excerpt from Forces Which Make Prices Customers at high prices bought more than twice as many shares as at low prices, in other words, they used big margins when stocks were low and small margins when stocks were high. Having held Steel in 200 or 300 share lots at $60 a share, they took on lots of 400 to 600 shares around $80. Similarly with Crucible, Baldwin, Studebaker, and Westinghouse these stocks grew more attractive and were held in larger quantity as they went up. The higher the price the heavier the load, roughly speaking, describes the situation. The market operator in this situation is unsafe. When his account is thus rendered top-heavy, a decline of ten points from high prices wipes out whatever profits were made on a twenty point advance from low prices. 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 A Study of Prices: The Reasons Leading to Advance and What Is Necessary to Bring About Their Orderly Decline; The Manner in Which Prices Affect Credit Conditions N old school rhetoric gives the following coup let as an example of figurative expression The dashing waves with fury driven Mount up and wash the face of Heaven. During a storm at sea the power of the wind makes successive series of waves, the causes of which the observer is usually in no condition to analyze. It is only in the peaceful period that follows the storm that the thoughtful mind might study the subject of wave for mation and develop a theory based upon the direct force of the wind in its relation to the reaction from the water, the bottom of the ocean, and the distant shore. Similarly it is perhaps now possible, with the storm of war subsided and with the experience of a period of inflation and some measure of deflation, to analyze the causes which make the successive waves of price move ment which characterize our economic life. It may also be possible to develop some principles of action to stabilize our governmental and business relations in the period of deflation before us. 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 Steadying the World's Price of the Staples: An International Commerce Commission on Ocean Freight Rates Let any intelligent person giye a rthoughtful reading to the Ame rican and British government reports' oh' oc'ean carriage, and he will not fail to recognise the pertinency of the above illustration. He will not fail to see that the question before us is not one of high rates or of low rates, but of steady rates, of fixed rates equitably arrived at. The great shipping trusts that now control the ocean traffic of the world, by raising or lowering the cost of carriage from day to day, and from hour to hour, may exercise a power greater than that possessed by any or all the rulers of the world. The conditions under which they work, conditions which make it possible to force the price of the staples up or down at will, enable them, indirectly, to exercise economic and political power and pressure more subtle and more effective than that exercised through diplomatic and military channels. 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.

The co-founder and longtime president of Pixar updates and expands his 2014 New York Times bestseller on creative leadership, reflecting on the management principles that built Pixar’s singularly successful culture, and on all he learned during the past nine years that allowed Pixar to retain its creative culture while continuing to evolve. “Might be the most thoughtful management book ever.”—Fast Company For nearly thirty years, Pixar has dominated the world of animation, producing such beloved films as the Toy Story trilogy, Finding Nemo, The Incredibles, Up, and WALL-E, which have gone on to set box-office records and garner eighteen Academy Awards. The joyous storytelling, the inventive plots, the emotional authenticity: In some ways, Pixar movies are an object lesson in what creativity really is. Here, Catmull reveals the ideals and techniques that have made Pixar so widely admired—and so profitable. As a young man, Ed Catmull had a dream: to make the first computer-animated movie. He nurtured that dream as a Ph.D. student, and then forged a partnership with George Lucas that led, indirectly, to his founding Pixar with Steve Jobs and John Lasseter in 1986. Nine years later, Toy Story was released, changing animation forever. The essential ingredient in that movie’s success—and in the twenty-five movies that followed—was the unique environment that Catmull and his colleagues built at Pixar, based on philosophies that protect the creative process and defy convention, such as: • Give a good idea to a mediocre team and they will screw it up. But give a mediocre idea to a great team and they will either fix it or come up with something better. • It’s not the manager’s job to prevent risks. It’s the manager’s job to make it safe for others to take them. • The cost of preventing errors is often far greater than the cost of fixing them. • A company’s communication structure should not mirror its organizational structure. Everybody should be able to talk to anybody. Creativity, Inc. has been significantly expanded to illuminate the continuing development of the unique culture at Pixar. It features a new introduction, two entirely new chapters, four new chapter postscripts, and changes and updates throughout. Pursuing excellence isn’t a one-off assignment but an ongoing, day-in, day-out, full-time job. And Creativity, Inc. explores how it is done.

Excerpt from The Evolution of Forces: With Frontispiece and 24 Figures IN the following pages, Dr. Gustave Le Bon develops further the strikingly novel and original theories put forward by him in l'ecolution de la Mattere.1 As in the last-named work, he enunciated the doctrine, which he was the first to deduce, that all matter is continually in a state of dissociation and decay, so in this he goes in detail into the corollary, there only briefly stated, that the atom is a great reservoir of energy, and itself the source of most of the forces of the universe. In support of this position, he calls in the aid of his earlier researches into the nature of invisible radiations, phosphorescence, and the Hertzian waves, all which, with several related phenomena, he declares to be explicable by the hypothesis that the atom, on dissociating, sets free, either wholly or in part the energy stored up within it on its formation. Yet he is careful to declare that this is rather suggested than demonstrated by his researches. 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 Force Tue object of this series, though it has been prepared with special reference to the young, and is written to a considerable extent in a narrative form, is not mainly to amuse the readers with the interest of incident and ad venture, nor even to entertain them with accounts of cm rious or wonderful phenomena, but to give to those who, though perhaps still young, have attained, in respect to their powers of observation and reflection, to a certain degree of development, some substantial and thorough instruction in respect to the fundamental principles of the sciences treated of in the several volumes. The pleas ure, therefore, which the readers of these pages will do rive from the perusal of them, so far as the object which the author has in view is attained, will be that of under standing principles which will be in some respects new to them, and which it will often require careful attention on their part fully to comprehend, and of perceiving sub sequently by means of these principles the import and significance of phenomena occurring around them which had before been mysterious or unmeaning. 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.