New Releases by Philip L. Carret

"Buying a Bond" is a comprehensive guide to the principles of fixed-income investing, offering timeless insights into the mechanics and strategies of the debt market. Written by the legendary investor Philip L. Carret, this work distills complex financial concepts into practical advice designed for both the individual and professional investor. The text provides a detailed examination of the various classifications of bonds, including government, municipal, and corporate securities, while explaining the fundamental factors that drive valuation and yield. The work explores the intricacies of interest rates, market cycles, and the importance of credit analysis in building a resilient portfolio. By emphasizing the necessity of diversification and the careful selection of high-quality assets, the author provides a strategic framework for capital preservation and consistent income generation. "Buying a Bond" serves as a vital historical resource in financial literature, capturing the foundational analytical principles that continue to inform modern security analysis and disciplined investment practices. This text remains an essential read for anyone seeking to understand the structural role of bonds within the broader financial system and the historical development of investment theory. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you may see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Even among Wall Street legends, Philip L. Carret is a giant, the founder of one of the first mutual funds-the Pioneer Fund, which debuted in 1928-and a fount of knowledge and experience whose investing wisdom is acclaimed to this day. This classic guide to the nuts and bolts of speculating in the market, assembled from a series of articles for Barron''s, is still one of the best primers available for beginners... and an excellent brush-up lesson for old hands. In clear-eyed, down-to-earth language, Carret discusses: . what is speculation? . why the investor must speculate . how stocks resemble real estate . trading on margin . over-the-counter trading . how to find a reliable broker . the disadvantages of options . the secret of the "sure-thing speculation" . forecasting market swings . understanding a bull market . how to read a balance sheet . and much, much more. American entrepreneur and financial writer PHILIP L. CARRET (1896-1998) is also the author of Buying a Bond.