Maximizing Profits And Cutting Losses
Maximizing Profits And Cutting Losses
The difference between the investor who year in and year out procures for
himself a final net profit, and the one who is usually in the red, is not
entirely a question of superior selection of stocks or superior timing.
Rather, it is also a case of knowing how to capitalize successes and curtail
failures.
—Gerald M. Loeb, from
The Battle for Investment Survival, (1996 John Wiley
& Sons, New York), originally published in 1935.
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