Sep

12

Battle for Investment Survival

September 12, 2023 |

Battle for Investment Survival by Gerald Loeb - an excellent book with dozens of useful working hypotheses and a beautiful depiction of an honest and effective life.

1. How to make a killing - don't try to do it: "to make a killing these days one must buy the most volatile stocks with the most leverage. if he is wrong he will lose with the same supercharged speed as he had hoped to gain."

2. ever-changing cycles: "there is no rule for the market except one. that rule is that the key to market bottoms and peaks will never work more than once."

James Sogi writes:

G Loeb: "One should strive for a long profit on a small commitment; there is much more logic in trying for ten points profit on 100 shares of a particular stock than for one point on 1,000 shares of the same stock." This is very similar to Ralph Vince's risk metric.

Vic's twitter feed


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