“No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation": First Edition of The Dow Theory; Inscribed by Robert Rhea
The Dow Theory: An Explanation of Its Development and an Attempt to Define Its Usefulness As An Aid In Speculation.
Item Number: 3180
New York: Barron's, 1932.
First edition of this classic work by one of the pioneering figures in the history of Dow Theory. Octavo, original cloth. Inscribed by the author on the front free endpaper, “To Katherine Hubert from the compiler of these notes Robert Rhea June 22, 1933.” Laid into this volume is a pamphlet by Rhea, entitled the “Dow Theory Comment.” Books inscribed by Rhea are rare.
Originally published serially by Barron's, it is an explanation of Dow Theory development and an attempt to define its usefulness as an aid to speculation. Rhea carefully studied 252 editorials of Charles H. Dow and William Peter Hamilton in order to present Dow Theory in terms that would be useful for the individual investor.