One of my favorite books on investing is "The Book of Business Wisdom" edited by Peter Krass. On page 421, there is a chapter entitled "How to Make Money on Wall Street" by Henry Clews.

Some of the smartest investors of our time, in particular, Jim Rogers and Warren Buffett, seem to be following the advice of Henry Clews.

During the late nineteenth century, Clews saw firsthand, and understood how Wall Street worked. In his book, "How to Make Money on Wall Street", Clews revealed some shocking stories of political and economic manipulation.

The nuts and bolts lesson from Crews is that regardless of the investment, investor emotions often cause serious mistakes.