Old books that have ceased to be of service should no more be abandoned than should old friends who have ceased to give pleasure.
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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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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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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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.
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If all you have is a hammer, everything looks like a nail.
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Never answer a critic, unless he’s right.
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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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I’ll give you the bottom 10% and the top 10% of any move if I get to keep the middle 80%.
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The stock market is people.
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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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The ability to express an idea is well nigh as important as the idea itself.
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Only as you do know yourself can your brain serve you as a sharp and efficient tool. Know your own failings, passions, and prejudices so you can separate them from what you see.
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We are here today to make a choice between the quick and the dead.
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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.
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The art of living lies less in eliminating our troubles than in growing with 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