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If you have made a mistake cut your losses as quickly 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
Cutting
Mistake
Possible
Made
Losses
Quickly
Failure
Loss

More quotes by Bernard Baruch

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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. Beware of barbers, beauticians, waiters - or anyone - bringing gifts of 'inside' information or tips. Don't try to be a jack of all investment. Stick to the field you know best.
Bernard Baruch
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Never follow the crowd.
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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. 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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There is something about inside information which seems to paralyze a man's reasoning powers.
Bernard Baruch
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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.
Bernard Baruch
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Nobody ever lost money taking a profit
Bernard Baruch
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Those who matter don't mind, and those who mind don't matter.
Bernard Baruch
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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.
Bernard Baruch
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If all you have is a hammer, everything looks like a nail.
Bernard Baruch
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A man can't retire his experience.
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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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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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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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Information cannot serve as an effective substitute for thinking.
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Never play tips from insiders. They can't see the forest for the trees.
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Old books that have ceased to be of service should no more be abandoned than should old friends who have ceased to give pleasure.
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A speculator is a man who observes the future, and acts before it occurs.
Bernard Baruch
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No man can humiliate me or disturb me. I won't let him.
Bernard Baruch
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Whatever you do, do it with all your heart and soul.
Bernard Baruch
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The art of living lies less in eliminating our troubles than in growing with them.
Bernard Baruch