Theory Of Investment And Speculation (1904)

The Theory of Investment and Speculation is a book written by Rollin Edson Smith and originally published in 1904. The book is a comprehensive study of investment and speculation, covering topics such as the principles of investment, the nature of speculation, the psychology of the investor, and the analysis of securities. Smith's work is divided into two main sections. The first section focuses on investment and includes chapters on the principles of investment, the selection of securities, and the methods of analysis. The second section deals with speculation and includes chapters on the nature of speculation, the psychology of the speculator, and the analysis of speculative markets. The book is written in a clear and concise style, making it accessible to both novice and experienced investors. Smith draws on a wide range of sources, including economic theory, financial history, and personal experience, to provide a comprehensive overview of the subject. Overall, The Theory of Investment and Speculation is a classic work on the subject of investment and speculation, offering valuable insights into the principles and practices of investing and speculating. Despite being over a century old, the book remains relevant today and is still widely read by investors and academics alike.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.