Long Ago Wisdom

From the introduction to Wall Street Speculation, Its Tricks and Its Tragedies (published 1902):

Wall Street speculation is the most stupendous game known to the world of chance; as compared with it, the game of Monte Carlo pales in utter significance; in no other game are the stakes so high, is success so transitory and failure so overwhelming. It is a game in which the wealth of Croesus changes hands in a single hour, a game in which a few manipulators behind the scenes pile up millions on top of millions year after year; but in which the vast majority of the outside public, who tamper with it, go to financial and often to physical and moral ruin.

You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.