{"product_id":"2940012869302","title":"The Art of Investing","description":"Pining for the \"good old days\" of Wall Street?\u003cbr\u003e\u003cbr\u003eNOTE: This is a new edition of the classic work, not a scanned reproduction of an old library book full of weird characters. The Table of Contents is fully linked.\u003cbr\u003e\u003cbr\u003eWhen the New York Stock Exchange's primary purpose was to raise the capital the United States needed to finance the infrastructure of a young and growing country?\u003cbr\u003e\u003cbr\u003eWhen conservative investors bought stocks to buy and hold for the long haul?\u003cbr\u003e\u003cbr\u003eWhen brokers had the best interests of their clients at heart?\u003cbr\u003e\u003cbr\u003eWhen the stock exchange listed only high quality stocks for sale?\u003cbr\u003e\u003cbr\u003eWhen corporations did not deceive creditors by using the same property as the basis for multiple issues of bonds?\u003cbr\u003e\u003cbr\u003eWhen Wall Street investment bank focused on providing good service, not in coming up with new financial products --  that is, inventing ever more new and risky ways to separate ordinary investors from their money?\u003cbr\u003e\u003cbr\u003eWhen a man and a company's word was good, so you didn't have to study the fine print of every security before investing?\u003cbr\u003e\u003cbr\u003eWhen a stock's current market price was fairly representative of its true value?\u003cbr\u003e\u003cbr\u003eWhen Treasury bonds paid enough interest to support retirees?\u003cbr\u003e\u003cbr\u003eThen DON'T read this book!\u003cbr\u003e\u003cbr\u003eYou’ll be horribly disillusioned.\u003cbr\u003e\u003cbr\u003eThe author was a New York broker who wrote to warn ordinary people of the many dangerous ways to invest.\u003cbr\u003e\u003cbr\u003eMuch of what he wrote reminds us of modern Wall Street, without the complications made possible by computers.     \u003cbr\u003e\u003cbr\u003eIt was the Gilded Age, according to Mark Twain . . .\u003cbr\u003e\u003cbr\u003eThe “robber barons” were creating industrial fortunes\u003cbr\u003e\u003cbr\u003eFinanciers got wealthy manipulating stocks on Wall Street\u003cbr\u003e\u003cbr\u003eThe young United States needed roads, farms, railroads and water works, and investors unknowingly were paying five to six times their actual costs\u003cbr\u003e\u003cbr\u003eThe western frontier was still being tamed, but every small town could have a speculator running the risk of “stock-gambling” and the resultant bankruptcy and even suicide --  like day trading without your own PC.\u003cbr\u003e\u003cbr\u003eSo check out the lid that blows the lid off the insider secrets of Wall Street past . . .\u003cbr\u003e\u003cbr\u003eThen substitute \"biotech or Internet\" for \"railroad\" and the latest craze for \"water works\" and you'll have a guide to warn you not to fall for the ways investors can lose their shirts in the 21st century . . .","brand":"Ever-Gold Press","offers":[{"title":"Default Title","offer_id":47145468788976,"sku":"2940012869302","price":0.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940012869302_p0.jpg?v=1763573312","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940012869302","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}