Technical analysis · Beginner
Psychology of the Stock Market
G. C. Selden
From 1912, and the reason it survives is that it is about people, not prices. Short enough to read in an evening, and the crowd it describes is the same one on NEPSE today.
Out of copyright — read the whole book here, free.
The complete text is stored on this site. No account, no other website. About 18,259 words, roughly 1 hours of reading.
- First published
- 1912
- Length
- 108 pages
- ISBN
- 9780870340161
The highlights
What this book actually gives you, in short.
- 1
From 1912, and still accurate because it describes people rather than prices.
- 2
Argues the public is most confident exactly when it is most wrong.
- 3
Short enough to finish in an evening, and free to read here in full.
At a glance
Drawn from the catalogue record — every line here is a checkable fact about the book, not an opinion about it.
- Covers Speculation.
- First published in 1912.
- About 108 pages, roughly 2 hours of reading.
- The complete text is hosted on this site — read it here, free.
In the author’s own words
Taken word for word from the text on this site. Each one links to the page it appears on.
“The point we fail to remember is that public opinion in a speculative market is measured in dollars, not in population. One man controlling one million dollars has double the weight of five hundred men with one thousand dollars each.”
“This is why the great body of opinion appears to be bullish at the top and bearish at the bottom. The multitude of small traders must be, as a plain necessity, long when prices are at the top, and short or out of the market at the bottom.”
“It will be observed that the above course of reasoning leads us to the conclusion that most of those who write and talk about the market are more likely to be wrong than right, at least so far as speculative fluctuations are concerned.”
Catalogue details (publication year, length, ISBN and cover) were compiled once from Open Library and are stored on this site. The at-a-glance points are generated from that record. The numbered highlights are written by the Stock Education team. Quotations are verbatim from the out-of-copyright text hosted here. This page loads nothing from any other website.