Buy straw hats in the wintertime. Summer will surely come.
BERNARD BARUCHGet to know yourself. Know your own failings, passions, and prejudices so you can separate them from what you see. Know also when you actually have thought through to the nature of the thing with which you are dealing and when you are not thinking at all…
More Bernard Baruch Quotes
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Science has taught us how to put the atom to work. But to make it work for good instead of for evil lies in the domain dealing with the principles of human dignity. We are now facing a problem more of ethics than of physics.
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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.
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Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.
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Never follow the crowd.
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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
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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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Become more humble as the market goes your way.
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So efficient are the available instruments of slavery; fingerprints, lie detectors, brain washings, gas chambers; that we shiver at the thought of political change which might put these instruments in the hands of men of hate.
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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 buy at the bottom and sell at the top. It can’t be done except by liars.
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Making a success of the job at hand is the best step toward the kind you want.
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Let us not be deceived we are today in the midst of a cold war.
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America has never forgotten – and never will forget – the nobler things that brought her into being and that light her path…
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No man should think himself a zero, and think he can do nothing about the state of the world.
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Let us not deceive ourselves; we must elect world peace or world destruction.
BERNARD BARUCH