Invest your life
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Description
Book Introduction
Author Gerald Loeb was a legendary stockbroker on Wall Street for over 40 years until the 1960s, and built a reputation as the best investment manager in an era when there were no fund managers.
EF, one of the largest securities firms in the United States at the time
He was such a star stockbroker on Wall Street that many people mistook Hutton for Loeb's firm.
Think of Warren Buffett, Jim Rogers, and Peter Lynch, who are considered the top stars among stock investors these days.
This book is a compilation of investment advice that the star wanted to share with ordinary people.
The fact that Forbes, an American business biweekly, dubbed Loeb "the most quoted man" on Wall Street is in fact due to his investment advice, which appears numerous times in this book and is still valid today.
If you look through this book, you can easily find various investment wisdoms that are quoted like stock market proverbs.
In that sense, this book is "the most cited book on Wall Street."
This book consists of 78 chapters, each filled with investment wisdom gleaned from the author's own experience.
EF, one of the largest securities firms in the United States at the time
He was such a star stockbroker on Wall Street that many people mistook Hutton for Loeb's firm.
Think of Warren Buffett, Jim Rogers, and Peter Lynch, who are considered the top stars among stock investors these days.
This book is a compilation of investment advice that the star wanted to share with ordinary people.
The fact that Forbes, an American business biweekly, dubbed Loeb "the most quoted man" on Wall Street is in fact due to his investment advice, which appears numerous times in this book and is still valid today.
If you look through this book, you can easily find various investment wisdoms that are quoted like stock market proverbs.
In that sense, this book is "the most cited book on Wall Street."
This book consists of 78 chapters, each filled with investment wisdom gleaned from the author's own experience.
- You can preview some of the book's contents.
Preview
index
Author's Foreword: From Battle to War, the Risks Are Growing
1.
Knowledge, experience, and intuition are required.
2.
A speculative attitude is absolutely necessary
3.
Is there no ideal investment?
4.
Pitfalls Beginners Should Avoid
5.
Investing for capital gains
6.
Speculation or Investment?
7.
Sound Accounting for Investors
8.
Why invest and then just leave it?
9.
What Stock Investors Should Not Do
10.
What to look out for in a business report
11.
Good information and bad information
12.
Wait patiently until a definite opportunity comes.
13.
Sell at the right time
14.
Market trends and public sentiment are more important than statistical analysis.
15.
First, look at the market flow.
16.
Technical perspective
17.
Another technical aspect of the market, its interpretation and significance
18.
Why it's beneficial to switch stocks
19.
"Fast Stocks" and "Slow Stocks"
20.
What is a "good" buy and a "good" sell?
21.
Qualities of a Great Investment Advisor
22.
The importance of stop loss
23.
You can make a lot of money without predicting the market.
24.
6 Principles of Successful Investing
25.
The ELA Method: A Time-Test for Successful Investments
26.
Realistic valuation of bonds
27.
The allure of resourcefulness
28.
Put all your eggs in one basket and do your best to protect it.
29.
Travel is a place for investment education.
30.
How little do we know
31.
Investment and Consumption
32.
Investment and Taxes
33.
Investment and Inflation
34.
There are no absolute rules for investing.
35.
Mutual fund investment
36.
Four Questions to Ask Before Buying Stocks
37.
Are short-term investors always wrong?
38.
A natural brain and the courage to push through to the end
39.
Develop the habit of always writing things down.
40.
Dividends or Reinvestment: Which is Better?
41.
You should also write your will well.
42.
Stock prices speak louder than words
43.
Prudent investors pay attention to management's capabilities.
44.
Invest according to your age
45.
Budgeting for the Future
46.
Focus on the mistakes you made
47.
Stock Market Misconceptions
48.
There is no such thing as a perpetual blue chip.
49.
People change in a bull market.
50.
When should I sell my stocks?
51.
How to Use Stop Orders
52.
If the cash dividend is not good
53.
A flexible attitude is required
54.
Even Wall Street adages can be wrong.
55.
Investing in new products
56.
News and Stock Market
57.
Knowledge and experience are important
58.
Don't expect cheap management
59.
The "Miracle Investment Method" is a fiction.
60.
Step system
61.
Tips for Higher Returns - Part 1
62.
How Growth Stocks Grow
63.
The Investment Manager's Dilemma
64.
I don't sell, other people buy.
65.
Utilizing market newsletters
66.
The right attitude as a securities firm customer
67.
New opportunities can always be found
68.
What Makes a "Good" Stock
69.
About the buy and hold strategy
70.
A leopard doesn't change its patterns.
71.
Stock Selection Criteria for Beginner Investors
72.
Don't argue with the market
73.
How important is reading the market?
74.
The Risk of "Not" Investing in Stocks
75.
Strong companies become stronger
76.
Tips for Higher Returns - Part 2
77.
Never accept anything without confirmation.
78.
The Battle for Survival in the Investment World
1.
Knowledge, experience, and intuition are required.
2.
A speculative attitude is absolutely necessary
3.
Is there no ideal investment?
4.
Pitfalls Beginners Should Avoid
5.
Investing for capital gains
6.
Speculation or Investment?
7.
Sound Accounting for Investors
8.
Why invest and then just leave it?
9.
What Stock Investors Should Not Do
10.
What to look out for in a business report
11.
Good information and bad information
12.
Wait patiently until a definite opportunity comes.
13.
Sell at the right time
14.
Market trends and public sentiment are more important than statistical analysis.
15.
First, look at the market flow.
16.
Technical perspective
17.
Another technical aspect of the market, its interpretation and significance
18.
Why it's beneficial to switch stocks
19.
"Fast Stocks" and "Slow Stocks"
20.
What is a "good" buy and a "good" sell?
21.
Qualities of a Great Investment Advisor
22.
The importance of stop loss
23.
You can make a lot of money without predicting the market.
24.
6 Principles of Successful Investing
25.
The ELA Method: A Time-Test for Successful Investments
26.
Realistic valuation of bonds
27.
The allure of resourcefulness
28.
Put all your eggs in one basket and do your best to protect it.
29.
Travel is a place for investment education.
30.
How little do we know
31.
Investment and Consumption
32.
Investment and Taxes
33.
Investment and Inflation
34.
There are no absolute rules for investing.
35.
Mutual fund investment
36.
Four Questions to Ask Before Buying Stocks
37.
Are short-term investors always wrong?
38.
A natural brain and the courage to push through to the end
39.
Develop the habit of always writing things down.
40.
Dividends or Reinvestment: Which is Better?
41.
You should also write your will well.
42.
Stock prices speak louder than words
43.
Prudent investors pay attention to management's capabilities.
44.
Invest according to your age
45.
Budgeting for the Future
46.
Focus on the mistakes you made
47.
Stock Market Misconceptions
48.
There is no such thing as a perpetual blue chip.
49.
People change in a bull market.
50.
When should I sell my stocks?
51.
How to Use Stop Orders
52.
If the cash dividend is not good
53.
A flexible attitude is required
54.
Even Wall Street adages can be wrong.
55.
Investing in new products
56.
News and Stock Market
57.
Knowledge and experience are important
58.
Don't expect cheap management
59.
The "Miracle Investment Method" is a fiction.
60.
Step system
61.
Tips for Higher Returns - Part 1
62.
How Growth Stocks Grow
63.
The Investment Manager's Dilemma
64.
I don't sell, other people buy.
65.
Utilizing market newsletters
66.
The right attitude as a securities firm customer
67.
New opportunities can always be found
68.
What Makes a "Good" Stock
69.
About the buy and hold strategy
70.
A leopard doesn't change its patterns.
71.
Stock Selection Criteria for Beginner Investors
72.
Don't argue with the market
73.
How important is reading the market?
74.
The Risk of "Not" Investing in Stocks
75.
Strong companies become stronger
76.
Tips for Higher Returns - Part 2
77.
Never accept anything without confirmation.
78.
The Battle for Survival in the Investment World
Into the book
"The key to your success in the stock market is how clearly you realize that you are not perfect.
It is important to realize that there are risks.
"Haste makes waste." In the stock market, you can go broke.
Study hard and work hard.
"There is no place in the world like the stock market where true knowledge brings wealth and financial rewards." --- p.18
"When you look at the difference between investors who make money every year and those who usually end the year with losses, it's not all about superior stock selection or excellent timing.
Rather, it depends on whether you know how to properly utilize your investment success and how to quickly cut losses when they occur." --- p.121
"The fact that you bought so many stocks is nothing more than a hedge against your ignorance.
Aim for a sure return on your investment.
Unless it seems like a stock that is sure to rise significantly in price, don't even look at it.
If you can't find such stocks, just hold on to cash." --- p.130
"The safest course of action is to put all your eggs in one basket and then guard that basket as best you can.
This way, you won't get distracted or do anything stupid.
You will act very carefully." --- p.148
"Cutting your losses is like paying insurance premiums.
Beginners can follow the stop-loss principle mathematically.
Experienced investors can cut their losses based on their own principles.
Only foolish fools let their losses grow."
It is important to realize that there are risks.
"Haste makes waste." In the stock market, you can go broke.
Study hard and work hard.
"There is no place in the world like the stock market where true knowledge brings wealth and financial rewards." --- p.18
"When you look at the difference between investors who make money every year and those who usually end the year with losses, it's not all about superior stock selection or excellent timing.
Rather, it depends on whether you know how to properly utilize your investment success and how to quickly cut losses when they occur." --- p.121
"The fact that you bought so many stocks is nothing more than a hedge against your ignorance.
Aim for a sure return on your investment.
Unless it seems like a stock that is sure to rise significantly in price, don't even look at it.
If you can't find such stocks, just hold on to cash." --- p.130
"The safest course of action is to put all your eggs in one basket and then guard that basket as best you can.
This way, you won't get distracted or do anything stupid.
You will act very carefully." --- p.148
"Cutting your losses is like paying insurance premiums.
Beginners can follow the stop-loss principle mathematically.
Experienced investors can cut their losses based on their own principles.
Only foolish fools let their losses grow."
--- p.187
Publisher's Review
"There is nothing more difficult on Wall Street than consistently achieving high returns.
"It really is," begins Chapter 1 of the book.
Gerald Loeb entered the stock market in the early 1920s, experienced Wall Street's greatest booms and crashes, and wrote the first edition of "Investing at Your Own Risk" in 1935, during the raging Great Depression.
The title of this book largely reflects the grim atmosphere of the time of its first publication.
Investors were not starving, but they were devastated and desperate.
Wherever I went, it was just a difficult and painful life.
It was at this very time that I wrote this book to restore faith in the stock market to investors who had been terrified by the stock market crash of 1929 and the Great Depression of the 1930s.
So, contrary to the desperate feeling that the title suggests, the content of this book contains an optimistic message.
"It's a battle you can win if you put your life on the line."
Pioneer of financial journalism
As the title of this book suggests, Rob has fought fiercely to survive in the world of investment.
He woke up at 5 a.m. every day and dedicated all his time to stock investing. He even moved his house next to his company because he didn't want to waste time commuting.
He postponed marriage and devoted himself to investing, eventually getting married at the late age of 47, but was ultimately unable to have children.
Before mutual funds existed and the Investment Advisory Corporation Act was enacted, Loeb provided individual investors with the investment advice they wanted and managed their investment accounts.
This is why it is evaluated that the role of stock brokers has been upgraded to the level of investment advisors.
In particular, Loeb, who started investing in stocks in 1921 with only $13,000 in assets, is also famous for amassing a fortune of $300 million by the late 1960s and recording astronomical investment returns.
Born in San Francisco in 1899, Loeb suffered from severe polio as a child and received only high school education. However, he was self-taught and wrote numerous columns on financial markets and securities throughout his life, earning him recognition as an early pioneer of financial journalism. In his honor, the UCLA Graduate School of Business has presented the Gerald Loeb Awards annually since 1957, honoring outstanding economic and financial journalists from around the world.
Loeb donated much of his wealth to universities and hospitals during his lifetime, and after his death, he donated all of his wealth to the Gerald Loeb Foundation.
William O'Neill called this book "the bible for stock investors."
O'Neill quoted from this book several times in his book, "The Best Stocks, The Best Timing."
I also learned from this book that the principle of stop-loss is paramount and that risk management through concentrated investment is a wiser approach than diversified investment.
Loeb was the first to teach us that to achieve high returns, you should never follow the crowd, and that an unconditional "buy and hold" investment strategy is a very dangerous idea.
The material for this book is Loeb's firsthand experience of spending his entire life on Wall Street.
So, while this book is not a history book, it is a "timeless investing classic" that provides a truly exceptional perspective on the history of the stock market.
The first edition of this book sold a record 250,000 copies at the time, and went through ten revisions until 1965, becoming a million-seller.
The contents of this book vividly show the investment reality of Wall Street from the 1920s to the 1960s.
In the midst of the Great Depression, let's listen to the author's calm voice as he presents investment alternatives that could help avoid a stock market crash like the one in 1929.
"It really is," begins Chapter 1 of the book.
Gerald Loeb entered the stock market in the early 1920s, experienced Wall Street's greatest booms and crashes, and wrote the first edition of "Investing at Your Own Risk" in 1935, during the raging Great Depression.
The title of this book largely reflects the grim atmosphere of the time of its first publication.
Investors were not starving, but they were devastated and desperate.
Wherever I went, it was just a difficult and painful life.
It was at this very time that I wrote this book to restore faith in the stock market to investors who had been terrified by the stock market crash of 1929 and the Great Depression of the 1930s.
So, contrary to the desperate feeling that the title suggests, the content of this book contains an optimistic message.
"It's a battle you can win if you put your life on the line."
Pioneer of financial journalism
As the title of this book suggests, Rob has fought fiercely to survive in the world of investment.
He woke up at 5 a.m. every day and dedicated all his time to stock investing. He even moved his house next to his company because he didn't want to waste time commuting.
He postponed marriage and devoted himself to investing, eventually getting married at the late age of 47, but was ultimately unable to have children.
Before mutual funds existed and the Investment Advisory Corporation Act was enacted, Loeb provided individual investors with the investment advice they wanted and managed their investment accounts.
This is why it is evaluated that the role of stock brokers has been upgraded to the level of investment advisors.
In particular, Loeb, who started investing in stocks in 1921 with only $13,000 in assets, is also famous for amassing a fortune of $300 million by the late 1960s and recording astronomical investment returns.
Born in San Francisco in 1899, Loeb suffered from severe polio as a child and received only high school education. However, he was self-taught and wrote numerous columns on financial markets and securities throughout his life, earning him recognition as an early pioneer of financial journalism. In his honor, the UCLA Graduate School of Business has presented the Gerald Loeb Awards annually since 1957, honoring outstanding economic and financial journalists from around the world.
Loeb donated much of his wealth to universities and hospitals during his lifetime, and after his death, he donated all of his wealth to the Gerald Loeb Foundation.
William O'Neill called this book "the bible for stock investors."
O'Neill quoted from this book several times in his book, "The Best Stocks, The Best Timing."
I also learned from this book that the principle of stop-loss is paramount and that risk management through concentrated investment is a wiser approach than diversified investment.
Loeb was the first to teach us that to achieve high returns, you should never follow the crowd, and that an unconditional "buy and hold" investment strategy is a very dangerous idea.
The material for this book is Loeb's firsthand experience of spending his entire life on Wall Street.
So, while this book is not a history book, it is a "timeless investing classic" that provides a truly exceptional perspective on the history of the stock market.
The first edition of this book sold a record 250,000 copies at the time, and went through ten revisions until 1965, becoming a million-seller.
The contents of this book vividly show the investment reality of Wall Street from the 1920s to the 1960s.
In the midst of the Great Depression, let's listen to the author's calm voice as he presents investment alternatives that could help avoid a stock market crash like the one in 1929.
GOODS SPECIFICS
- Date of issue: July 15, 2008
- Page count, weight, size: 367 pages | 554g | 188*257*30mm
- ISBN13: 9788991378179
- ISBN10: 899137817X
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