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Page 236 - ... A barometer predicts bad weather, without a present cloud in the sky. It is useless to take an axe to it merely because a flood of rain will destroy the crop of cabbages in poor Mrs. Brown's backyard. It has been my lot to discuss these averages in print for many years past, on the tested theory of the late Charles H. Dow, the founder of The Wall Street Journal.
Page 236 - New York City The Pitfalls of Speculation By THOMAS GIBSON This book deals exclusively with marginal speculation and analyzes in a clear and simple manner the causes of failure in speculation, with a suggestion as to the remedies. While 80 per cent. of the public speculators fail in their ventures, the writer contends that the errors may be corrected and the pitfalls avoided by careful study and clear understanding of the machinery of the exchanges. In the introduction the writer says: " I do not...
Page 235 - It is the first modern attempt to cover the subject in an attractive and popular form, and in such a way as to be of interest to the individual investor as well as the more expert banker and broker. "The book deals in a clear, popular and entertaining way in the methods, terms and phases of Wall Street Investing, giving rules for analyzing railroad securities and statements, and explaining syndicates and reorganizations."— The Wall Street Journal.
Page 236 - ... utilization of great fortunes for public purposes. In " The Pitfalls of Speculation " (New York: The Moody Corporation, 35 Nassau street) Mr. Thomas Gibson deals with marginal speculation and analyzes the causes of many failures, with a suggestion as to the remedies. Mr. Gibson maintains that " more fallacies, superstitions, and distorted logic are connected with speculation than with any other business on earth.
Page 203 - No. 74919 B. Mining. Mining Stocks — How to Calculate Their Values. Francis C. Nichols. Gives statements, calculations, and tables aiming to bring together material which may be a guide to the proper understanding of the risks and oportunities in mining ventures. 3500 w. Min Wld— March 17, 1906. Serial, ist part.