Wiped Out : How I lost a fortune in the stock market while the averages were making new highs by An Anonymous Investor
New York : Simon and Schuster, 1966. Second printing. Hardcover. 125 pages ; 21 cm. $3.50 dust jacket, dark gray cover board with silver title on spine. Deckle edge. Pages are clean, unmarked and binding is firm.
In October 1957 the Dow-Jones Industrial Average stood at 485, and the author of this book began to invest his entire capital of $62,000 in the stock market.
In May 1964, at the crest of one of the greatest bull markets in history, the Dow-Jones Industrial Average stood at 820, and the total value of the author's portfolio was $297.78.
This is the totally galvanizing confession of an amateur investor who at first made money in the stock market and then tried to make more money faster...
With a directness that startles, with specific references to specific stock transactions, with an abundance of detail unique in investment literature, the author takes
the reader on a devastating roller-coaster ride through the market.
From the "hot" tip and the impulsive phone order to buy or sell, to the verdict in next morning's financial pages; from the chase after people who "know their way around," to the frantic switching of brokers and systems; from the temporary gain to the big loss—here is the real thing. For the first time, we have the full, personal, unvarnished story of a man who has acted out, to the hilt, an all-too-common form of speculative behavior. Read and take heed.
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