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"Loeb tells us to put all our eggs in one basket, and watch the
basket."
-John RothchildFinancial Columnist, Time magazine
"This book is very special in my life. It is the very first Wall
Street book I ever read. After reading 1,200 additional finance
books, The Battle for Investment Survival's principles and concepts
are still valid for consistent success."
-Victor Sperandeo Author of Trader Vic on Commodities
In The Battle for Investment Survival, the turf is Wall Street, the
goal is to preserve your capital at all costs, and to win is to
"make a killing without being killed." This memorable classic,
originally written in 1935, offers a fresh perspective on investing
from times past. The Battle for Investment Survival treats
investors to a straightforward account of how to profit-and how to
avoid profit loss-in what Loeb would describe as the constant
tug-of-war between rising and falling markets.
2011 Reprint of 1956 Edition. Full facsimile of the original
edition, not reproduced with Optical Recognition Software. Expanded
Edition of Loeb's Classic work. Loeb's first famous book The Battle
for Investment Survival written in 1935 was popular during the
Great Depression, selling over 200,000 copies. Two decades after
its first publication, Loeb would update the book in 1957 and then
again in 1965, as it attained the status of a classic financial
text. Considered a Classic Investment Book and appears on many
lists of the most important books on Wall Street. Loeb began his
career in 1921, working in the bond department of a securities firm
in San Francisco. He moved to New York in 1924 after joining with
E. F. Hutton & Co., and became vice-chairman of the board when
the company incorporated in 1962. Although he had largely avoided
personal losses, the Wall Street Crash of 1929 greatly affected
Loeb's investing style, making him skeptical of holding stocks for
the long term. Loeb offered a contrarian investing viewpoint, in
books and columns in Barron's, The Wall Street Journal, and
Investor Magazine. Forbes magazine called Loeb "the most quoted man
on Wall Street." Contributors
This is a new release of the original 1957 edition.
"The publication of this new and greatly enlarged edition of The
Battle For Investment Survival is due to two factors--the steady
demand for the other edition which is now out of print and the
generally flattering comment made by various readers of that
edition. The contents of the earlier book are included here,
practically without change, but this edition contains considerable
additional material. "Any earner who earns more than he can spend
is automatically an investor. It doesn't matter in the slightest
whether he wants to be or not, or even whether he realizes that he
is investing. "All the above boils down to the necessity of
measuring the return from investments in purchasing power rather
than dollars. You must get back a sufficient number of additional
dollars to make up for lost purchasing power if prices are rising,
and a high enough percentage of your original dollars if prices are
falling. I put it this way because usually there is some profit
from investments in times of rising prices (but rarely enough), and
generally there are losses in times of falling prices, and usually
too many."
Kessinger Publishing is the place to find hundreds of thousands of
rare and hard-to-find books with something of interest for
everyone!
Kessinger Publishing is the place to find hundreds of thousands of
rare and hard-to-find books with something of interest for
everyone!
A reader of one of my earlier discussions asked-"Have you ever
tried out the ideas outlined in your book?" My reply was to the
effect that the ideas were tried out first, and the book written
afterward. Any earner who earns more than he can spend is
automatically an investor. It doesn't matter in the slightest
whether he wants to be or not, or even whether he realizes that he
is investing. Storing present purchasing power for use in the
future is investing, no matter in what form it's put away. Some
popular and common forms include money itself, government bonds,
savings bank deposits, real estate, commodities, securities of all
types, diamonds and where and when it's legal, gold.
Kessinger Publishing is the place to find hundreds of thousands of
rare and hard-to-find books with something of interest for
everyone!
Kessinger Publishing is the place to find hundreds of thousands of
rare and hard-to-find books with something of interest for
everyone!
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