Gerald M. Loeb Quotes

United States, Founder
1899 – April, 13, 1974.

Gerald Loeb was a founding partner of E.F. Hutton & Co., a renowned Wall Street trader and brokerage firm. He was the author of the books The Battle For Investment Survival and The Battle For Stock Market Profits. Loeb promoted a view of the market as too risky to hold stocks for the long term in contrast to well known value investors. He also created the Gerald Loeb Award, given annually for excellence in various categories of financial journalism.

It is wise to remember that too much success in the stock market is in itself an excellent warning.

Gerald M. Loeb
Don't be overly concerned about your heirs. Usually, unearned funds do them more harm than good.

Gerald M. Loeb
- Good
- Harm
- Heirs

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.’

Gerald M. Loeb
Stocks are bought on expectations, not facts.

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 of God, invention, financial stress and strain, weather, discovery, fashion and numberless other causes impossible to be listed without omission.

Gerald M. Loeb
- Balance
- Values
- Causes
Knowledge born from actual experience is the answer to why one profits; Lack of it is the reason one loses.

Gerald M. Loeb
- Experience
- Loses
- Profits
Successful investment is a battle for financial survival.

Gerald M. Loeb
The desire for gold is the most universal and deeply rooted commercial instinct of the human race.

Gerald M. Loeb
- Gold
- Instinct
- Human Race

The greatest safety lies in putting all your eggs in one basket and watching the basket.

Gerald M. Loeb
- Watching
- Eggs
- Basket
Investing solely for 'income,' investing merely 'to keep capital employed,' and investing simply 'to hedge against inflation' are all entirely out of the question.

Gerald M. Loeb