Written by the Wall Street legend who founded one of the first mutual funds, this classic treatise presents a complete review of the tools of the financial speculator and offers an education on a variety of securities—especially bonds, stocks, and derivatives. Philip Carret describes details of technical and fundamental analysis, shortselling, margins, and arbitrage. This is an unabridged republication of the revised 1930 edition.
"A genuine rarity: the intricacies of investing illuminated by clear writing and timeless insight. The chapters on how to read a balance sheet and income statement are classics. No investor should even consider dabbling in the frantic IPO market of today without having read them first."—Esquire