Bernard Baruch Quotes

Be who you are and say what you feel, because those who mind don't matter, and those who matter don't mind.

Most of the successful people I’ve known are the ones who do more listening than talking.

Millions saw the apple fall, Newton was the only one who asked why?

Vote for the man who promises least; he'll be the least disappointing.

Every man has a right to his own opinion, but no man has a right to be wrong in his facts

Never follow the crowd.

If all you have is a hammer, everything looks like a nail.

Two things are bad for the heart—running up stairs and running down people.

The art of living lies less in eliminating our troubles than in growing with them.

To me old age is always fifteen years older than I am.

The main purpose of the stock market is to make fools of as many men as possible.

Approach each new problem not with a view of finding what you hope will be there, but to get the truth, the realities that must be grappled with. You may not like what you find. In that case you are entitled to try to change it. But do not deceive yourself as to what you do find to be the facts of the situation.

I never lost money by turning a profit.

I was eleven, then I was sixteen. Though no honors came my way, those were the lovely years.

I made my money by selling too soon.

Something that everyone knows isn't worth anything.

...I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.

Making money in the markets is tough. The brilliant trader and investor Bernard Baruch put it well when he said, “If you are ready to give up everything else and study the whole history and background of the market and all principal companies whose stocks are on the board as carefully as a medical student studies anatomy—if you can do all that and in addition you have the cool nerves of a gambler, the sixth sense of a clairvoyant and the courage of a lion, you have a ghost of a chance.

when both can’t be true. In 1946, in the days after World War II, presidential advisor Bernard Baruch said, “Every man has a right to his own opinion, but no man has a right to be wrong in his facts.” Variations have been uttered by U.S. Secretary of Defense James R. Schlesinger, U.S. Senator Daniel Patrick Moynihan, and others. Today this seemingly indisputable truth no longer holds. Propaganda is indistinguishable from fact and we find ourselves living in the frightening pages of a George Orwell novel.

Anyone taken as an individual is tolerably sensible and reasonable - as a member of a crowd, he at once becomes a blockhead. - Friedrich Von Schiller, as quoted by Bernard Baruch

O financista do século XX Bernard Baruch tinha uma ótima frase: “Não tente comprar na baixa e vender na alta. Ninguém consegue fazer isso — exceto os mentirosos

Many years ago a very wise man named Bernard Baruch took me aside and put his arm around my shoulder. "Harpo my boy," he said, "I'm going to give you three pieces of advice, three things you should always remember." My heart jumped and I glowed with expectation. I was going to hear the magic password to a rich, full life from the master himself. "Yes sir?" I said. And he told me the three things. I regret that I've forgotten what they were.

ELEANOR ROOSEVELT and her husband, Franklin D., the assistant secretary of the navy, were invited to a party in honor of Bernard Baruch, the financier. “I’ve got to go to the Harris party which I’d rather be hung than seen at,” Eleanor wrote her mother-in-law. “Mostly Jews.” It was January 14, 1918.

I have unlimited faith in the American people taking care of themselves—if they are told what to do and why.

Bernard Baruch put it well when he said, “If you are ready to give up everything else and study the whole history and background of the market and all principal companies whose stocks are on the board as carefully as a medical student studies anatomy—if you can do all that and in addition you have the cool nerves of a gambler, the sixth sense of a clairvoyant and the courage of a lion, you have a ghost of a chance.

Making money in the markets is tough. The brilliant trader and investor Bernard Baruch put it well when he said, “If you are ready to give up everything else and study the whole history and background of the market and all principal companies whose stocks are on the board as carefully as a medical student studies anatomy—if you can do all that and in addition you have the cool nerves of a gambler, the sixth sense of a clairvoyant and the courage of a lion, you have a ghost of a chance.” In retrospect, the mistakes that led to my crash seemed embarrassingly obvious. First, I had been wildly overconfident and had let my emotions get the better of me. I learned (again) that no matter how much I knew and how hard I worked, I could never be certain enough to proclaim things like what I’d said on Wall $ treet Week: “There’ll be no soft landing. I can say that with absolute certainty, because I know how markets work.” I am still shocked and embarrassed by how arrogant I was. Second, I again saw the value of studying history. What had happened, after all, was “another one of those.” I should have realized that debts denominated in one’s own currency can be successfully restructured with the government’s help, and that when central banks simultaneously provide stimulus (as they did in March 1932, at the low point of the Great Depression, and as they did again in 1982), inflation and deflation can be balanced against each other. As in 1971, I had failed to recognize the lessons of history. Realizing that led me to try to make sense of all movements in all major economies and markets going back a hundred years and to come up with carefully tested decision-making principles that are timeless and universal. Third, I was reminded of how difficult it is to time markets. My long-term estimates of equilibrium levels were not reliable enough to bet on; too many things could happen between the time I placed my bets and the time (if ever) that my estimates were reached. Staring at these failings, I realized that if I was going to move forward without a high likelihood of getting whacked again, I would have to look at myself objectively and change—starting by learning a better way of handling the natural aggressiveness I’ve always shown in going after what I wanted. Imagine that in order to have a great life you have to cross a dangerous jungle. You can stay safe where you are and have an ordinary life, or you can risk crossing the jungle to have a terrific life. How would you approach that choice? Take a moment to think about it because it is the sort of choice that, in one form or another, we all have to make.

FOR NEARLY five years, Oppenheimer had tried to use his prestige and status as a celebrity scientist to influence Washington’s growing national security establishment from the inside. His old friends on the left, men like Phil Morrison, Bob Serber and even his own brother had warned him that this was a futile gamble. He had failed in 1946, when the Acheson-Lilienthal plan for international control over atomic bombs was sabotaged by President Truman’s appointment of Bernard Baruch. And now, once again, he had failed to persuade the president and members of his Administration to turn their back on what Conant had described to Acheson as “the whole rotten business.” The Administration now supported a program to build a bomb 1,000 times as lethal as the Hiroshima weapon. Still, Oppenheimer would not “upset the applecart.” He would remain an insider— albeit one who was increasingly outspoken and increasingly suspect.

My years in Wall Street and business, in fact, became one long course of education in human nature...how to balance the nature of things in this world in which we live with the nature of mankind.

Relations between the Facist regime and the American government were rapidly cooling. Italian newspapers did nothing to help, charging that Jews ruled the United States. They offered a list of the all-Jewish makeup of what was said to be the likely next American cabinet, headed by the President Bernard Baruch and Vice President Albert Einstein. Leon Trotsky was slated to be secretary of war; the face that he was neither American nor lived in the country was apparently no impediment.

American financier Bernard Baruch once remarked, ‘Millions saw the apple fall, but Newton asked why.

Millions saw the apple fall, but Newton was the one who asked why.” —Bernard Baruch

Never argue against a stupid person. You will always lose.” “Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”~Albert Einstein “Be who you are and say what you feel because those who mind don’t matter and those who matter don’t mind.”~Bernard M. Baruch “Be yourself; everyone else is already taken.”~Oscar wild “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.”~Ralph Waldo Emerson

Be who you are and say what you feel, because those who mind don't matter, and those who matter don't mind.

El famoso financista del siglo XX Bernard Baruch dijo una vez algo genial: “Comprar cuando está barato y vender cuando está en la cima es algo que generalmente hacen los mentirosos”.

Whenever I see everyone rushing to bet their money on what’s hot, I remind myself of Bernard Baruch, the Wall Street legend and adviser to U.S. presidents. During the stock-market craze of the late 1920s, Baruch stopped for a shoeshine one day and the guy working on his shoes began giving him stock tips. His shoes looking fine, Baruch headed back to the office—and sold everything. I had my own Bernard Baruch moment in mid-1998 as most people were transfixed by the astonishing and continued rise of a group of glamour tech stocks.

Anyone taken as an individual is tolerably sensible and reasonable—as a member of a crowd, he at once becomes a blockhead. —FRIEDRICH VON SCHILLER, AS QUOTED BY BERNARD BARUCH

Two of his specialties were organizing overseas-loan syndicates for New York banks and helping utility companies take control of utilities in foreign countries. Foster also took a ghostwriting assignment from his mentor Bernard Baruch, who like many of Wilson’s friends and admirers was disturbed by the runaway success of a 1919 book attacking the Versailles treaty, The Economic Consequences of the Peace, by John Maynard Keynes. The book warned that the treaty’s reparations section, which Foster had drafted and Baruch presented as his own, exposed Europe to “the menace of inflationism.” Baruch resolved to reply. His book, ponderously titled The Making of the Reparation and Economic Sections of the Treaty, argued that reparations clauses were “vital to the interest of the American people and even more vital to world stability.” Foster did most of the writing and editing, for which Baruch paid him ten thousand dollars.