The Traders Journal: With a sincere and abiding r
Post# of 26983
With a sincere and abiding respect for Loeb’s many contributions to the investing arena, I also want to recognize just a few of my favorite market wisdoms from the “most quoted man on Wall Street” according to Forbes magazine.
“You don’t need analysts in a bull market, and you don’t want them in a bear market.”
“The most important single factor shaping security markets is public psychology.”
“A willingness and ability to hold funds un-invested while awaiting the real opportunities is a key to success in the battle for investment survival.”
“There is a saying, “a picture is worth a thousand words.” One might paraphrase this by saying a profit is worth more than endless alibis or explanations…prices and trends are really the best and simplest “indicators” you can find.”
“Accepting losses is the most important single investment device to insure safety of capital.”