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| Gerald M. Loeb | |
| Born | July 1899[1] |
|---|---|
| Died | April 13, 1974 (aged 74) |
| Occupation | Stockbroker, Investment banker |
| Years active | 1921–1974 |
| Employer | E.F. Hutton and Co. |
| Known for | Wall Street Trader, author |
Contents
Career and writing
Loeb began his career in 1921, working in the bond department of a securities firm in San Francisco.[4] He moved to New York in 1924 after joining E. F. Hutton & Co., and became vice-chairman of the board when the company incorporated in 1962.[4]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.[3][4] Forbes magazine called Loeb "the most quoted man on Wall Street."[5]
Loeb's first book, The Battle for Investment Survival(1935), sold over 200,000 copies during the Great Depression.[2][3] Loeb updated the book in 1957 and 1965, as it attained the status of a classic financial text. In 1971, Loeb published The Battle for Market Profits as a follow up to his original book where he depicted the market as a battlefield.[4] Loeb's books are still widely read today and hailed by many as a staple for investment professionals.
See also
References
- Krass, Peter; Contributors Richard Poe, Warren Buffett. The Book of Investing Wisdom: Classic Writings by Great Stock-Pickers and Legends of Wall Street. John Wiley and Sons. p. 176. ISBN 0-471-29454-3. Cite uses deprecated parameter
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Further reading
- Boik, John (2004). Lessons from the Greatest Stock Traders of All Time. McGraw-Hill Professional. pp. 47–67, "Chapter 3: Gerald M. Loeb". ISBN 0-07-143788-6.
- Krass, Peter; Contributors Richard Poe, Warren Buffett. The Book of Investing Wisdom: Classic Writings by Great Stock-Pickers and Legends of Wall Street. John Wiley and Sons. pp. 176–183, Chapter: "Importance of Correct Timing, Gerald M. Loeb". ISBN 0-471-29454-3. Cite uses deprecated parameter
|coauthors=(help) - Loeb, Gerald M. (1960). Loeb's Checklist for Buying Stocks. Simon & Schuster. ISBN 0-671-42705-9.
- Martin, Ralph G. (1965). The Wizard of Wall Street: The Story of Gerald M. Loeb. W. Morrow. p. 192 pages.
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