The Art of Speculation.

CARRET, Philip L.

$6,800.00

Item Number: 90564

New York: Barron's, 1927.

First edition of the Wall Street legend’s classic work. Octavo, original cloth. Presentation copy, inscribed by the author on the front free endpaper to his mother in the year of publication, “To my beloved mother Philip L. Carret April 11, 1927.” In near fine condition. An exceptional association copy.

The Art of Speculation presents a complete review of the tools of the speculator and offers a full education on a variety of securities — especially bonds, stocks, and derivatives. Philip L. Carret was a Wall Street legend and pioneer of one of the first mutual funds. Warren Buffett said of Carret that he had "the best long term investment record of anyone I know." "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" (Victor Niederhoffer).