Wall Street Ventures and Adventures Through Forty Years.

£500 · Offered by Maggs Bros Ltd

The autobiography of the American investor Richard Wyckoff (1873-1934), best-known for innovating the ‘Wyckoff Method’ of technical analysis - with the printed compliments slip of the author pasted to front free endpaper. Wyckoff’s autobiography stands as a ‘who’s who’ of Wall Street and its great characters - J. P. Morgan, John Raskob, Jesse Livermore - and includes ‘such stories as that of ‘Bet-A-Million’ Gates, the director of the American Steel Wire Company. When in 1901 he closed the company, the assumption was made that the business had been failing. Gates answered, ‘No, we’re short the stock,’ resulting in a rapid break in price from the 60s to the mid-30s. He not only covered his shorts but took significant profits, before going long again when the mills reopened’ (Dennistoun). Dennistoun, Bubbles, Booms and Busts, 630.

• Year: 1930

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