I was thrilled with this book. I believe it is an essential read for the serious art student. For anyone trying to grapple with drawing Speed gives some memorable advice. A treat for those who are disappointed with the poor teaching coming from art institutions in this day and age.
Highly entertaining, very readable (I didn't think it archaic at all), with plenty of illustrations this book is definately good value for your money if you are genuinely interested in understanding the art of drawing.
Also recommended, if you are a painter: oil painting techniques and materials by Harold Speed which adds on further to this book.