SIGNED 1st Edition Common Stocks And Business Cycles By Edgar Lawrence Smith

Signed first edition of Common Stocks and Business Cycles by Edgar Lawrence Smith. For help along the way. This book was the first to introduce the concept of the Decennial Pattern, which asserts that years ending with a 0 have historically been the worst-performing while those ending with a 5 have always been the best. Edgar Lawrence Smith was a leading economist and investor in the early 20th century, contributing the idea that stocks excel bonds in long term yields, a surprising assertion at the time. This is the last book he published and still very rare to find with the original jacket and even scarcer signed.

Jacket spine faded, with the text having lost much of the color but still legible. Some minor loss to the top front of the jacket and at the corners.

---