I once read about a meeting of economists who agreed that if their forecasts were 33 1/3 % correct, that was considered a high mark in their profession. Well, of course, I know you cannot invest in securities successfully with odds like that against you if you place dependence solely upon judgement as to the right securities to own and the right time or price to buy them. Then, too, I read somewhere about the man who described an economist as resembling ‘a professor of anatomy who was still a virgin.’
I once read about a meeting of economists who agreed that if their forecasts were 33 1/3 % correct, that was considered a high mark in their professi… - Gerald M. Loeb
I once read about a meeting of economists who agreed that if their forecasts were 33 1/3 % correct, that was considered a high mark in their professi…
- Gerald M. Loeb
Knowledge born from actual experience is the answer to why one profits; lack of it is the reason one loses - Gerald M. Loeb
Knowledge born from actual experience is the answer to why one profits; lack of it is the reason one loses
The greatest safety lies in putting all your eggs in one basket and watching the basket. - Gerald M. Loeb
The greatest safety lies in putting all your eggs in one basket and watching the basket.
Market values are fixed only in part by balance sheets and income statements; much more by the hopes and fears of humanity; by greed, ambition, acts … - Gerald M. Loeb
Market values are fixed only in part by balance sheets and income statements; much more by the hopes and fears of humanity; by greed, ambition, acts …
Successful investment is a battle for financial survival. - Gerald M. Loeb
Successful investment is a battle for financial survival.
Stocks are bought on expectations, not facts. - Gerald M. Loeb
Stocks are bought on expectations, not facts.
The desire for gold is the most universal and deeply rooted commercial instinct of the human race. - Gerald M. Loeb
The desire for gold is the most universal and deeply rooted commercial instinct of the human race.
Don't be overly concerned about your heirs. Usually, unearned funds do them more harm than good. - Gerald M. Loeb
Don't be overly concerned about your heirs. Usually, unearned funds do them more harm than good.
Investing solely for 'income,' investing merely 'to keep capital employed,' and investing simply 'to hedge against inflation' are all entirely out of… - Gerald M. Loeb
Investing solely for 'income,' investing merely 'to keep capital employed,' and investing simply 'to hedge against inflation' are all entirely out of…
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