Henry Clews: Twenty-Eight Years in Wall Street

Word of caution: I am happy to share my summary of one of the best books ever written on how financial markets function and professional investors/speculators behave. Some of the observations and inferences made by Henry Clews, more than one hundred years ago, may sometimes appear a bit crude, if not biased – specially to those of us who live on this side of the Atlantic! – but they don’t overshadow his honest desire to observe, understand and share financial markets history as it unfolds. I think that most of his comments and advices are perfectly relevant today in our digitalized investment environment. That’s why, under the influence of some of my past students, I finally decided to share my “personal” summary of this exceptional piece of work. If it leads you to read the 724 pages of the original, I will have done useful work.