Bernard Baruch
Bernard Baruch
Bernard Mannes Baruchwas an American financier, stock investor, philanthropist, statesman, and political consultant. After his success in business, he devoted his time toward advising U.S. Presidents Woodrow Wilson and Franklin D. Roosevelt on economic matters and became a philanthropist...
NationalityAmerican
ProfessionBusinessman
Date of Birth19 August 1870
CountryUnited States of America
essence enemy age
The essence of any plan for financing old age is saving-to put aside some part of today's earnings for the future. Anything that saps the value of savings-and inflation is the worst single threat-is the enemy of the aged and of those who expect to grow old.
wall believe information
The longer I operated on Wall Street the more distrustful I became of tips and inside information of every kind. Given time, I believe that inside information can break the Bank of England
people praise
Be quick to praise people. People like to praise those who praise them.
jobs full-time-jobs
Don't speculate unless you can make it a full time job.
loss men trying
Learn to take losses quickly and cleanly. There is something about inside information which seems to paralyze a man's reasoning powers. Beware of barbers, beauticians, waiters - or anyone - bringing gifts of 'inside' information or tips. Don't try to be a jack of all investment. Stick to the field you know best.
book giving old-friends
Old books that have ceased to be of service should no more be abandoned than should old friends who have ceased to give pleasure.
successful people successful-people
Most of the successful people I know mostly listen, not talk.
choices today
We are here today to make a choice between the quick and the dead.
player doors luck
Chance sometimes opens the door, but luck belongs to the good players.
difficult sells knows
It is far more difficult... to know when to sell a stock than when to buy.
country future records
A dangerous fallacy is to repudiate freedom in favor of an unknown future. What else but our own sturdy reliance on freedom can explain the unexampled record this country has made? In a period scarcely twice my own lifetime it has risen from nothingness to become the world's greatest power. It has become the ark of the covenant of freedom.
president pay attention
Never pay the slightest attention to what a company president ever says about his stock.
bridges economy crosses
We can't cross that bridge until we come to it, but I always like to lay down a pontoon ahead of time.
loss men yield
Society can progress if men's labors show a profit - if they yield more than is put in. To produce at a loss must leave less for all to share.