Michel Pireu Columnist

“Nothing is more difficult,” said Gerald M Loeb, “than consistently and fairly profiting in Wall Street. I know of nothing harder to learn. Schools and textbooks can only supply a good theoretical background. Knowledge born from actual experience is the answer to why one profits; lack of it is the reason one loses. Knowledge means information and the ability to interpret it marketwise. But, in addition, making money in the market demands a lot of ‘genius’ or ‘flair’. No amount of study or practice can make one successful in the handling of capital if one really is not cut out for it.”

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