Who it is for
Readers studying financial history, investment education, and the chapter’s specific subject—trader, bull, bear—will get the most from this section. It is not suitable as a modern trading or investment checklist.
English reader · Project Gutenberg #26841
Some Terms Explained
Successful Stock Speculation. English-only reading by default; switch among English, Chinese, and Spanish, or compare languages side by side.
Chapter summary
This chapter examines Some Terms Explained, using the author’s early-twentieth-century investment framework to explain how investors were expected to judge security quality, income, risk, and market conditions. It opens from the chapter’s own discussion: There are certain terms used in connection with stock speculation that are very familiar to those who come in contact with stock brokers, and yet are not always familiar to those who do business by mail. Undoubtedly the majority of our readers are familiar with these terms, but we give these definitions for the benefit of the few who are not familiar with them.
Modern reader note
Read this chapter as historical investment education. The market rules, disclosure practices, securities, commissions, interest-rate conditions, and investor protections around trader, bull, bear may differ sharply from modern markets.
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