Gerald Loeb- "The difference between the investor who year in and year out procures for himself a final net profit, and the one who is usually in the red, is not entirely a question of superior selection of stocks or superior timing. Rather, it is also a case of knowing how to capitalize successes and curtail failures."
If there is anything I detest, it’s a mechanistic formula for anything. People should use their heads and go by logic and reason, not by hard and fast rules.
Gerald M Loeb
The most important single factor in shaping security markets is public psychology.
Gerald M Loeb
To make money in the stock market you either have to be ahead of the crowd or very sure they are going in the same direction for some time to come.
Gerald M Loeb
Accepting losses is the most important single investment device to insure safety of capital.
Gerald M Loeb
The difference between the investor who year in and year out procures for himself a final net profit, and the one who is usually in the red, is not entirely a question of superior selection of stocks or superior timing. Rather, it is also a case of knowing how to capitalize successes and curtail failures.
Gerald M Loeb
Theorists may claim that “stocks are too high” or “too low” based on their individual and varying ideas of what people should pay for a given situation at a given time. But the real price of stocks is based on the majority appraisal of the moment.
Gerald M Loeb
One useful fact to remember is that the most important indications are made in the early stages of a broad market move. Nine times out of ten the leaders of an advance are the stocks that make new highs ahead of the averages.
Gerald M Loeb
There is a saying, “A picture is worth a thousand words.” One might paraphrase this by saying a profit is worth than endless alibis or explanations. . . prices and trends are really the best and simplest “indicators” you can find.
Gerald M Loeb
I feel all relevant factors, important and otherwise, are registered in the market’s behavior, and, in addition, the action of the market itself can be expected under most circumstances to stimulate buying or selling in a manner consistent enough to allow reasonably accurate forecasting of news in advance of its actual occurrence.
Gerald M Loeb
As a practical matter, it will pay to look at the lists of “new highs” and “new lows”. . .Check on stocks that make new highs and on quiet stocks that begin to develop plus signs and higher volume. This can help you find new and profitable shares to buy.
Gerald M Loeb
Profits can be made safely only when the opportunity is available and not just because they happen to be desired or needed.
Gerald M Loeb
Willingness and ability to hold funds uninvested while awaiting real opportunities is a key to success in the battle for investment survival.-
Gerald M Loeb
In addition to many other contributing factors of inflation or deflation, a very great factor is the psychological. The fact that people think prices are going to advance or decline very much contributes to their movement, and the very momentum of the trend itself tends to perpetuate itself.
Gerald M Loeb
For the competent trader and investor, consideration should be given to the rate of return received on capital, regardless of the market outlook. For example, if $100,000 grows to $150,000 in six months and the market looks higher, but is obviously vulnerable to the unexpected, I think taking profits for the big returns they bring. . . is the proper procedure.
Gerald M Loeb
Most people, especially investors, try to get a certain percentage return, and actually secure a minus yield when properly calculated over the years. Speculators risk less and have a better chance of getting something, in my opinion.
Gerald M Loeb