The Pitfalls of Speculation
By Thomas Gibson
"History appears to be repeating itself," Thomas Gibson wrote in 1906 in The Pitfalls Of Speculation. In his review of thousands of financial records over a 10-year period, he observed that a majority of investment accounts ultimately showed a final loss - and that there was a trend toward buying high and selling low. This practical manual features topics ranging from the dangers of ignorance and over-speculation to market manipulation and short selling - including Gibson's relevant suggestions on not only deciding what to buy, but when to buy as well. The Pitfalls Of Speculation is a stock market classic offering a wealth of knowledge and intelligent methods for investment success.
THOMAS GIBSON was a prolific writer on investment and speculation. His skill lay in analyzing, examining, and giving his readers, in an accessible form, all the principal factors in connection with speculation and stock prices.