Why read One-Way Pockets?

Book cover of One-Way Pockets: The Book of Books on Wall Street Speculation

Book description

The circulation of a mere rumor that the Morgan interests are accumulating Steel or that the Standard Oil crowd is getting out of St. Paul is sure at any time to create a market following. Most of the tips that are hawked about the Street are based on the supposition…

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Business

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Why read it?

1 author picked One-Way Pockets as one of their favorite books. Why do they recommend it?

Robert R. Prechter Jr.

Author

Over 100 years ago, a stockbroker wondered why his clients lost money over a full cycle in the stock market. After all, if stocks were back to where they started, shouldn’t they have broken even? He found that at bottoms, investors were cautious short-term traders, whereas at tops, they were confident long-term owners.

This little booklet is available inexpensively on Amazon.

From Robert's list on finance that throws cold water on your face.