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The psychology of speculation

By Henry Howard Harper
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EconomicsPsychiatry/Psychology

About This Book

The author examines psychological and social forces that drive stock market speculation, arguing that personal impulses, sentiment, and panic often override rational principles. He surveys the distracting power of continuous price quotations, the unsettling effects of sudden gains and losses, and the lure of gambling-like frenzies, bogus securities, pyramiding, and over-acquisitiveness. Drawing on anecdotes and practical observations, chapters offer warnings about common misjudgments, the limits of technical rules, and the ways market mood can defeat sound plans, concluding that disciplined self-knowledge and experience are essential safeguards against speculative ruin.

About the Author

Harper, Henry Howard portrait

Henry Howard Harper

Henry Howard Harper was an American author known for his diverse contributions to literature, particularly in the realms of travel writing and psychology. His notable work, "A Journey in Southeastern Mexico," reflects his explorations and observations of the region, offering readers a glimpse into its culture and landscapes. Harper also delved into the complexities of human behavior and finance in his book "The Psychology of Speculation," which examines the mental processes behind investment decisions. Additionally, he explored the world of bibliophiles in "Book-Lovers, Bibliomaniacs and Book Clubs," showcasing his passion for literature and reading communities. Harper's writings provide valuable insights into both personal and societal themes.

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