Quick Scans: THE FACTS ABOUT SPECULATION
The Facts About Speculation, as seen by Thomas Gibson, is a series of warnings about the dangers of speculation by the unprepared. This turn-of-the-century book, part of Fraser's Books of Wall Street collection, describes one trader's down-to-earth investment philosophy. Using the dictionary's definition of speculation as ". . . reasoning taking the form of prolonged and systematic analysis," Gibson finds most speculators' efforts are lacking.