We are living in a highly organized state of socialism. The state is all; the individual is of importance only as he contributes to the welfare of the state. His property is only his as the state does not need it. He must hold his life and his possessions at the call of the state.
BERNARD BARUCHWhen beggars and shoeshine boys, barbers and beauticians can tell you how to get rich it is time to remind yourself that there is no more dangerous illusion than the belief that one can get something for nothing.
More Bernard Baruch Quotes
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Peace is never long preserved by weight of metal or by an armament race.
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I never lost money by turning a profit.
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If the history of the past fifty years teaches us anything, it is that peace does not follow disarmament – disarmament follows peace.
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Whatever men attempt, they seem driven to overdo. When hopes are soaring, I always repeat to myself that two and two still make four.
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A 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.
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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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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.
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The path that was entered upon only one hundred and fifty years ago … How young she is! It will be centuries before she will adopt that maturity of custom – the clothing of the grave – that some people believe she is already fitted for.
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Let us not deceive ourselves: we must elect world peace or world destruction.
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Unless each man produces more than he receives, increases his output, there will be less for him than all the others.
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Never pay the slightest attention to what a company president ever says about his stock.
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Learn to take losses quickly and cleanly. There is something about inside information which seems to paralyze a man’s reasoning powers.
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We did not all come over on the same ship, but we are all in the same boat.
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I get the facts, I study them patiently, I apply imagination.
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The essence of any plan for financing old age is saving-to put aside some part of today’s earnings for the future.
BERNARD BARUCH