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"Speculation is no simple business..Indeed, speculation requires broader knowledge, closer attention, sounder judgment than the average business." Published in 1930, on the heels of America's greatest depression, Philip L. Carret's classic is a perceptive and complete examination of speculation and its vital role in our economy. Carret, a Wall Street legend and founder of one of the first mutual funds, was one of the greatest minds tackling the intricacies of business, finance, and speculation. With clarity and precision, he presents the history of the profession, the relationship between...

"The Art of Speculation is laden with insights and studies that are as fresh today as newly cut grass . . . a joy to read. The topics covered were timeless in 1931 . . . and written in 24-carat prose."
--from the Foreword by Victor Niederhoffer

A classic in every sense of the word, The Art of Speculation has been heralded by investors, both past and present, as a true standout in the field. 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...