Who it is for
For readers interested in investor profiling, targeted financial marketing, company promotion, prospectus distribution, social segmentation, and the mass manufacture of securities.
English reader · Project Gutenberg #59518
Chapter XI. Speculation by Machinery
The Theory of Stock Exchange Speculation. English-only reading by default; switch among English, Chinese, and Spanish, or compare languages side by side.
Chapter summary
Crump describes “speculation by machinery” as a system of investor profiling, targeted prospectus distribution, organized promotion, and wholesale manufacture of securities. He warns that printed certificates, social targeting, and information asymmetry allow promoters to sell weak enterprises to credulous investors.
Modern reader note
The chapter anticipates modern concerns about targeted financial marketing and investor profiling, but uses strongly class-bound Victorian language. Contemporary securities offerings are subject to disclosure, advertising, privacy, and suitability rules that did not exist in this form.
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