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The main purpose of the stock market is to make fools of as many men as possible.
Bernard Baruch
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Bernard Baruch
Age: 94 †
Born: 1870
Born: August 19
Died: 1965
Died: June 20
Banker
Economist
Entrepreneur
Financier
Politician
Stockbroker
Trader
Camden
South Carolina
Bernard M. Baruch
Bernard Baruch
B. M. Baruch
B.M. Baruch
Purpose
Fools
Funny
Stock
Many
Main
Make
Market
Men
Fool
Humor
Economy
Possible
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Nobody ever lost money taking a profit
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Never pay the slightest attention to what a company president ever says about his stock.
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Behind the black portent of the new atomic age lies a hope which, seized upon with faith, can work out salvation... Let us not deceive ourselves: we must elect world peace or world destruction.
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If all you have is a hammer, everything looks like a nail.
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I never lost money by turning a profit.
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I am interested in physical medicine because my father was. I am interested in medical research because I believe in it. I am interested in arthritis because I have it.
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When good news about the market hits the front page of the New York Times, sell.
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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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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 was the son of an immigrant. I experienced bigotry, intolerance and prejudice, even as so many of you have. Instead of allowing these thing to embitter me, I took them as spurs to more strenuous effort. .
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Now is always the hardest time to invest.
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Agriculture is the greatest and fundamentally the most important of our industries. The cities are but the branches of the tree of national life, the roots of which go deeply into the land. We all flourish or decline with the farmer.
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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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A political leader must keep looking over his shoulder all the time to see if the boys are still there. If they arent still there, hes no longer a political leader.
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A man can't retire his experience.
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When 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.
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Vote for the man who promises least he'll be the least disappointing.
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It is far more difficult... to know when to sell a stock than when to buy.
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