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Scientific Stock Speculation
"...the business community has a tendency to go from one extreme to the other. As a whole, it is either contracting business under a belief that prices will be lower or expanding under a belief that prices will be higher."
"Speculation is not at its best a simple and easy road to wealth, but speculation through people who advertise guaranteed profits and who call for participation in blind pools is as certain a method of loss as could possibly be discovered."
"When the market appears in a doubtful position it is sometimes wise to sell short a stock that is conspicuously above its value and buy a stock which is conspicuously below its value, believing that one will protect the other until the position of the general market becomes clear."
"The best profits in the stock market are made by people who get long or short at extremes and stay for months or years before they take their profit."
"Speculation is not at its best a simple and easy road to wealth, but speculation through people who advertise guaranteed profits and who call for participation in blind pools is as certain a method of loss as could possibly be discovered."
"When the market appears in a doubtful position it is sometimes wise to sell short a stock that is conspicuously above its value and buy a stock which is conspicuously below its value, believing that one will protect the other until the position of the general market becomes clear."
"The best profits in the stock market are made by people who get long or short at extremes and stay for months or years before they take their profit."
65 pages, Kindle Edition
First published January 1, 1920
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21 people want to read
About the author
Charles Henry Dow
17 books5 followersCharles Henry Dow was an American journalist who co-founded Dow Jones & Company with Edward Jones and Charles Bergstresser.
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Displaying 1 - 2 of 2 reviews
September 27, 2020
A timeless read that stock speculation is built on, as Dow is often considered one of the fathers of technical analysis. Even though the book was written in the early 1900s, much of the principles and concepts in the book still hold true in modern times. A good book to get a general understanding of where the current technical analysis practices stem from and what general principles are.
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May 1, 2023George Charles Selden
Mr. Charles Henry Dow, formerly the head of the Dow- Jones News Bureau, Wall Street's largest news gathering agency, had unusual opportunities for observing the methods of traders in stocks, both successful and unsuccessful. And it may be added that at the time of his death it was found that he had profited substantially by this accumulated knowledge.
- The Pursuit of Happyness
This is a work of nonfiction. I have rendered the events faithfully and truthfully just as I have recalled them. Some names and descriptions of individuals have been changed in order to respect privacy. To anyone whose name I did not recall or omitted, I offer sincere apologies. While circumstances and conversations depicted herein come from my keen recollection of them, they are not meant to represent precise time lines of events or exact word-for-word reenactments of my life. They are told in a way that evokes the real feeling and meaning of what happened to me, in keeping with the true essence of the mood and spirit of those moments that shaped my life
Mr. Charles Henry Dow, formerly the head of the Dow- Jones News Bureau, Wall Street's largest news gathering agency, had unusual opportunities for observing the methods of traders in stocks, both successful and unsuccessful. And it may be added that at the time of his death it was found that he had profited substantially by this accumulated knowledge.
- The Pursuit of Happyness
This is a work of nonfiction. I have rendered the events faithfully and truthfully just as I have recalled them. Some names and descriptions of individuals have been changed in order to respect privacy. To anyone whose name I did not recall or omitted, I offer sincere apologies. While circumstances and conversations depicted herein come from my keen recollection of them, they are not meant to represent precise time lines of events or exact word-for-word reenactments of my life. They are told in a way that evokes the real feeling and meaning of what happened to me, in keeping with the true essence of the mood and spirit of those moments that shaped my life
Displaying 1 - 2 of 2 reviews