Who it is for
Readers studying financial history, investment education, and the chapter’s specific subject—stock gambler, fair return, greediness—will get the most from this section. It is not suitable as a modern trading or investment checklist.
English reader · Project Gutenberg #26841
The Desire to Speculate
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 The Desire to Speculate, 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: It is said that the desire to speculate is very strong in the American people. That is why our country has made greater progress than any other country in the world, because progress is the result of speculation.
Modern reader note
Read this chapter as historical investment education. The market rules, disclosure practices, securities, commissions, interest-rate conditions, and investor protections around stock gambler, fair return, greediness may differ sharply from modern markets.
Loading chapter text...