Author Description

2020 Reprint of 1912 Edition. Exact facsimile of the original edition. A groundbreaking study of investment psychology. When this book was originally published in 1912, Selden's idea that "movements of prices on the exchanges are dependent to a very considerable degree on the <b>mental attitude</b> of the investing and trading public" was still a novel notion. It is now an established fact. Though published in 1912, Selden's book could have been written yesterday and still applies to markets such for <b>stocks</b> or <b>cryptocurrencies (Bitcoin)</b>. This makes complete sense, as the main topic - <b>human psychology</b> - has not changed at all in the past century. Contents <ul> <li>The Speculative Cycle</li> <li>Inverted Reasoning and Its Consequences</li> <li>"They"</li> <li>Confusing the Present with the Future - Discounting</li> <li>Confusing the Personal with the General</li> <li>The Panic and the Boom</li> <li>The Psychology of Scale Orders</li> <li>The Mental Attitude of the Individual</li> </ul>