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"History.appears to be repeating itself," Thomas Gibson wrote in 1906 in The Pitfalls Of Speculation. In his review of thousands of financial records over a 10-year period, he observed that a majority of investment accounts ultimately showed a final loss - and that there was a trend toward buying high and selling low. This practical manual features topics ranging from the dangers of ignorance and over-speculation to market manipulation and short selling - including Gibson's relevant suggestions on not only deciding what to buy, but when to buy as well. The Pitfalls Of Speculation is a stock market classic offering a wealth of knowledge and intelligent methods for investment success.