In what we hoped would be an annual tradition for our site, we gave away books that we thought were valuable to the understanding of the stock market and investing. Little did we know that one book would become an instant “classic” with a price that now seems staggering.
On July 16, 2010 (found here), we announced that we were going to give away a single copy of Dow Theory Unplugged: Charles Dow’s Original Editorials & Their Relevance Today. Because we had 5 copies of the book, we later decided to give away two copies instead. However, after contacting the first two winners and getting no response, we settled with giving away only one copy of the book as announced on August 29, 2010 (found here).
Fast forward to the present and we find that the books we were having such a hard time giving away has skyrocketed in price since August 2010 (found here). It appears that the lowest priced copy of the book is priced at $889.99 while the highest price rings in at $16,026.74. Our suspicion is that these prices, the minimum and maximum, will nudge much higher in spite of what already seems like an outrageous amount. Who is going to pay these prices, we can’t imagine.
Suffice to say, after the 2nd annual giveaway, we decided to give up on purging our book collection. However, we strongly encourage reviewing and reading the books found on the book list that we’ve compiled based on the references and recommendations of the great Dow Theorist Richard Russell over the last 55 years (found here).