The Art of Speculation,

E-209: Barron's. Very Good. 1927. First Edition; First Printing. Hardcover. Hardcover. 8vo. Published by Barron's, New York, 1927. 365 pgs. Frontispiece. Illustrated with charts and graphs. First Edition/First Printing. Bound in red cloth boards with titles present to the spine and front board. Boards have shelf-wear present to the extremities (spine and spine titles are sun faded). Previous owner's name present to the top edge of the front pastedown. Text is clean and free of marks. Binding tight and solid. First published in 1930, The Art of Speculation by Philip Carret has long been praised for its perceptive examination of the various ways that speculation impacts the worlds of both business and financial trading. Chapters on reading a balance sheet and an income statement remain classics. Philip L. Carret (1896 - 1998) was a famed investor and founder of The Pioneer Fund (Fidelity Mutual Trust) , one of the first Mutual Funds in the United States. A former Barron's reporter and WWI aviator, Carret launched the Mutual Trust in 1928 after managing money for his friends and family. The initial effort evolved into Pioneer Investments. He ran the fund for 55 years, during which an investment of $10,000 became $8 million. Warren Buffett said of him that he had "the best long term investment record of anyone I know" He is most famous for the long successful track record he achieved investing in Common Stocks and for being one of Warren Buffett's role models. EB; 8vo 8" - 9" tall .