One of my favourite books is entitled:
‘Success with Stocks and Stares.’
The subtitle to this work being:
‘A practical guide to profitable investment.’
Written by John B Gledhill and Frank Preston, it was
published in 1938.
The book is illustrated by W Heath Robinson.
Two of his drawings clearly illustrates just how a bull and
Although many of the technical details within this book are
much of the advice in this work still holds true.
Here are a few examples: –
– Beware of boom flotations.
– Don’t borrow money to gamble on the stock exchange.
– Beware of market under-currents.
– Beware of bucket shop literature.
– Axioms do not always work.
– Remember a mine is a diminishing asset.
This is also something of a good piece of ecological advice.
If only some of the people who now run the financial industry
had read this work,
then we might not be in the kind of global fiscal mess that
faces us all right now.