The most important single factor in shaping security markets is public psychology.

— Gerald Loeb

Accepting losses is the most important single investment device to ensure safety of capital.

— Gerald Loeb

The desire for constant action irrespective of conditions is responsible for many losses.

— Gerald Loeb

There is no such thing as a final answer to security values.

— Gerald Loeb

Knowledge born from actual experience is the answer to why one profits.

— Gerald Loeb