"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": First Edition of The Battle For Stock Market Profits; Signed by G.M. Loeb
The Battle for Stock Market Profits (Not the Way It’s Taught at Harvard Business School).
Loeb, Gerald M. (G.M.).$4,500.00
Item Number: 820
New York: Simon & Schuster, 1971.
First edition of this classic work on high-risk investment for maximum profit, including the Loeb Checklist for managing stocks. Octavo, original boards. Fine in a near fine dust jacket with light shelfwear. Signed by the author on the front free endpaper. Housed in a custom half morocco clamshell box.
Gerald M. Loeb was a founding partner of E.F. Hutton, a renowned and successful Wall Street trader, and the author of the books The Battle For Investment Survival and The Battle For Stock Market Profits. Instead of encouraging diversification, he instead urged investors to commit strongly to one action at a time. According to Loeb, investing all ones resources in a single stock could result in maximized profits, so long as one picked a successful stock or, at least, cut ones losses immediately and moved the remaining assets into another stock that proved more successful.