Learn to take losses quickly and cleanly. There is something about inside information which seems to paralyze a man’s reasoning powers.
BERNARD BARUCHA man sentenced to death obtained a reprieve by assuring the king he would teach his majesty’s horse to fly within the year – on the condition that if he didn’t succeed, he would be put to death at the end of the year. “Within a year,” the man explained later.
More Bernard Baruch Quotes
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Age is only a number, a cipher for the records. A man can’t retire his experience. He must use it. Experience achieves more with less energy and time.
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A dangerous fallacy is to repudiate freedom in favor of an unknown future.
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Chance sometimes opens the door, but luck belongs to the good players.
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You don’t have to blow out the other person’s light to let your own shine.
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Peace can be made tranquil and secure only by understanding and agreement fortified by sanctions.
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“The king may die, or I may die, or the horse may die. Furthermore, in a year, who knows? Maybe the horse will learn to fly.” My philosophy is like that man’s. I take the long-range view.
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Even when we know what is right, too often we fail to act. More often we grab greedily for the day, letting tomorrow bring what it will, putting off the unpleasant and unpopular.
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Don’t try to be a jack of all investments. Stick to the field you know best.
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I get the facts, I study them patiently, I apply imagination.
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We can’t cross that bridge until we come to it, but I always like to lay down a pontoon ahead of time.
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Government is not a substitute for people, but simply the instrument through which they act. And if the individual fails to do his duty as a citizen, government becomes a very deadly instrument indeed.
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Peace is never long preserved by weight of metal or by an armament race.
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Our problem in money-making or government affairs is how to remain properly venturesome and experimental without making fools of ourselves.
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Be quick to praise people. People like to praise those who praise them.
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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
BERNARD BARUCH







