In Philip Carret’s book – The Art of Speculation, he provides some great insights into how to identify the difference between a ‘trend’ stock and a ‘cycle’ stock. Here’s an excerpt from the book: For many years cigarette consumption in the United States has increased year after year almost without … Read More
Philip Carret: Why Investors Should Avoid Stock Tips
In his great investing book, The Art of Speculation, Philip Carret provided some great insights into why investors should avoid stock tips, saying: If a trader could select the stock which is to be the star performer for the next week or two, take his profit on that and move … Read More
Philip Carret: “If The Figures Look Right And The Management Knows What It Is Doing, Why Does One Need A 40-Page Report?”
One of our favorite investors here at The Acquirer’s Multiple is Philip Carret. Carret wrote one of the best books on investing called – A Money Mind at Ninety. There’s a great passage in the book, taken from his 1990 speech at Contrary Opinion Forum, in which he provides two … Read More
Philip Carret: All Stock Investors Are Speculators By Necessity
One of the best books written on investing is The Art Of Speculation, by Philip Carret. There’s one passage in particular in which Carret illustrates how all stock investors are speculators by necessity. Here’s an excerpt from that book: It is unfortunate that the word “speculation” immediately suggests the word … Read More
Warren Buffett’s Hero Philip Carret Says There’s Only One Rule For Selling Winning Stocks
One of our favorite investors here at The Acquirer’s Multiple is value investing legend Philip Carret who Warren Buffett once described as one of his heroes. Carret has written three books – The Art of Speculation, A Money Mind at Ninety, and Classic Carret: Common sense from an uncommon man. After founding … Read More
The 12 Commandments of Warren Buffett’s Hero, Philip Carret
Late last year The Telegraph did a great piece on value investing legend Philip Carret, who Warren Buffett described as one of his hero’s. After founding his Pioneer Fund in 1928, one year before the great depression, Carret successfully steered his fund consistently upwards through the Great Depression and the … Read More