“THE GREAT BASIC PRINCIPLE OF SPECULATION IS THE RECOGNITION OF VALUE”

GIBSON, Thomas. The Pitfalls of Speculation. New York: The Moody Magazine and Book Company, 1916. Octavo, original blue cloth. $150.

Early edition of Gibson’s popular guide to “playing the market.”

After scouring decades of financial records and observing a losing trend wherein investors bought high and sold low, Gibson wrote this work to warn potential investors of trouble spots. Additionally, he provides helpful information on eschewing fads in order to determine what to buy and when to buy it. The first edition was published in 1906. Without rare original dust jacket. Owner signature. Date stamp.

A bit of light rubbing and toning to cloth extremities. An extremely good copy.