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All economic movements, by their very nature, are motivated by crowd psychology.

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
Nature
Movements
Motivated
Crowd
Psychology
Investing
Crowds
Movement
Economic

More quotes by Bernard Baruch

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Never follow the crowd.
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You can't repeal human nature by an Act of Congress.
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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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The main purpose of the stock market is to make fools of as many men as possible.
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A speculator is a man who observes the future, and acts before it occurs.
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The stock market is people.
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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.
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It is far more difficult... to know when to sell a stock than when to buy.
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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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Never play tips from insiders. They can't see the forest for the trees.
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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.
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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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A man can't retire his experience.
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To me - old age is always ten years older than I am.
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If all you have is a hammer, everything looks like a nail.
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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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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 Baruch
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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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No man should think himself a zero, and think he can do nothing about the state of the world.
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We grow neither better or worse as we get old, but more like ourselves.
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