Turn-of-the-century market manipulation exposed in frank, insider detail. This nonfiction account pulls back the curtain on mining booms, Wall Street schemes, and the people who shaped them. It offers a clear view of how promotions and media hype swayed investors, with lessons that still resonate.
The book lays out a surprising history of how fortunes were made and lost around Goldfield, Nipissing, and other mining plays. It blends firsthand experience with sharp analysis to show how big promoters and insiders influenced market moves, and how ordinary investors were also drawn into the risk. Readers gain context for the rise and fall of market fads, and the costs paid by those who trusted the hype.
- Learn how promotions, publicity, and inside knowing shaped stock moves
- See real-world examples of market manipulation and its consequences
- Understand the roles of famous players and the mechanics of mining stocks
- Get a historical perspective on investor risk and regulatory limits
Ideal for readers of financial history, investors seeking cautionary tales, and anyone curious about how big money and big promises collide in the markets.
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Excerpt from My Adventures With Your Money
You are a member of a race of gamblers. The instinct to speculate dominates you. You feel that you simply must take a chance. You can't win, yet you are going to speculate and to continue to speculate - and to lose. Lotteries, faro, roulette, and horserace betting being illegal, you play the stock game. In the stock game the cards (quotations or market fluctuations) are shuffled and riffled and STACKED behind your back, AFTER the dealer (the manipulator) knows on what side you have placed your bet, and you haven't got a chance. When you and your brother gamblers are long of stocks in thinly margined accounts with brokers, the market is manipulated down, and when you are short of them, the prices are manipulated up.
You are on guard against the Get-rich-Quick man, and you flatter yourself that you can detect his wiles at a glance. You can - one kind of Get-Rich-Quick operator. But not the dangerous kind. Modern Get-Rich-Quick Finance is insidious and unfrenzied. It is practised by the highest, and you are probably one of its easy victims.
One class of Get-Rich-Quick operator uses crude methods, has little standing in the community, operates with comparatively small capital, and caters to those who do not think and have only small resources. He is not particularly dangerous.
About the Publisher
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Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
Vendeur : Forgotten Books, London, Royaume-Uni
Paperback. Etat : New. Print on Demand. This book takes you on a wild ride through the Nevada mining booms of the early 20th century, a time of speculation and frenzy where fortunes were made and lost overnight. The author, a former newspaper reporter turned "tipster," offers a firsthand account of his involvement in the notorious Maxim Gay Company, a wildly successful information bureau that catered to the public's insatiable desire for "the one best bet." Through anecdotes and personal experiences, the author unveils the inner workings of this gambling enterprise, exposing the shrewd tactics and carefully crafted advertising that fueled its success. He pulls back the curtain on the psychology of speculation, revealing how the allure of easy money and the thrill of taking a chance can cloud even the most rational minds. More than just a personal narrative, this book delves into the ethical and societal implications of catering to the gambling instinct. It raises questions about the role of information, the power of advertising, and the responsibility of those who profit from the public's desire to get rich quick. Ultimately, this book serves as a cautionary tale, reminding us that in the world of speculation, the house always wins. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781330486344_0
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Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330486344
Quantité disponible : 15 disponible(s)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330486344
Quantité disponible : 15 disponible(s)
Vendeur : Revaluation Books, Exeter, Royaume-Uni
Paperback. Etat : Brand New. 370 pages. 9.00x6.00x0.84 inches. This item is printed on demand. N° de réf. du vendeur zk133048634X
Quantité disponible : 1 disponible(s)