Wall Street Speculation Its Tricks And Its Tragedies

This is an early 20th century work on Wall Street and the stock market, particularly speculation. From the intro: "Wall Street speculation is the most stupendous game known to the world of chance; as compared with it, the game at Monte Carlo pales into utter insignificance; in no other game are the stakes so high, is success so transitory and failure so overwhelming. It is a game in which the wealth of Croesus changes hands in a single hour, a game in which a few manipulators behind the scenes pile up millions on top of more millions year after year; but in which the vast majority of the outside public, who tamper with it, go to financial and often to physical and moral ruin. Many, who are unacquainted with Wall Street methods, regard speculation in stocks, on a margin, as legitimate business; this however is an error, which we may as well acknowledge first as last; it is, as I say, a game, run by Wall Street's millionaires and multimillionaires, who since the organization of the Stock Exchange have succeeded in filching from the pockets of the general public, without giving any equivalent whatever, untold millions. The public's annual average of loss to Wall Street has usually been estimated in former years, at $100,000,000 per annum; but owing to the more recent enterprising methods of the "Street" in manipulating the game, this estimate is now far too small, as we shall see."

It is a peculiar feature of Wall Street speculation that the novice never gets his courage worked up to buy stocks until the market is right on the top, and he never concludes to sell until the market is clear on the bottom.-from Wall Street SpeculationWhy small traders shouldn't rely on brokers. Why you shouldn't trust the financial "news" in the business press. How the market is manipulated into decline and panic by savvy insiders. In a 1904 lecture, reproduced in this slim but provocative volume, Franklin Keyes explained in simple language a nugget of wisdom that should be commonsense: the general public cannot avoid getting fleeced by the buccaneers of Wall Street. Keyes's words are shocking but, in retrospect, obvious, and still highly pertinent today. You'll never look at a stock-market report in the same way again.FRANKLIN C. KEYES was a New York lawyer.

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Speculating in today's market is not a haphazard game of chance. Too many investors assume that investment decisions can be made solely on impulse, estimation, or financial "news." WALL STREET: ITS MYSTERIES REVEALED - ITS SECRETS EXPOSED contains everything from how insiders and skilled market professionals operate to the fundamental difference between stock speculation and long-term financial investment. In this helpful guide, Moore reveals stock market psychology and how to avoid the "crowd mind" as well as the dangers of mental suggestion when investing. Backed by compelling examples, WALL STREET: ITS MYSTERIES REVEALED - ITS SECRETS EXPOSED adds a new dimension in gaining an edge on the financial markets.