Common Stocks as Long Term Investments.New York: The Macmillan Company, 1924 Stock Code: 135571
"The first work to recommend stocks over bonds"First edition, first printing. "The first work to recommend stocks over bonds, Smith's book marks a significant shift away from the perception of stocks as pure speculation. While he and others, including Kenneth van Strum, promoted equity investing, their views also provided justification for the activity leading up to the 1929 crash" (Dennistoun & Goodman).
Octavo. Original dark blue cloth, spine lettered in gilt.
Ownership signature "A. L. Childs 1925" to front free endpaper. Spine dulled and lightly bumped at ends, very minor marking to cloth and scuffing at extremities, rear endpapers with offset toning where a clipping had been inserted. A very good copy.
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