Bernard Baruch, fully Bernard Mannes Baruch

Bernard
Baruch, fully Bernard Mannes Baruch
1870
1965

American Businessman, Statesman, Advisor to U.S. Presidents

Author Quotes

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, "the king may die, or I may die, or the horse may die. Furthermore, in a year, who knows? Maybe the horse will learn to fly." My philosophy is like that man's. I take the long-range view.

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.

If the history of the past fifty years teaches us anything, it is that peace does not follow disarmament - disarmament follows peace.

No man should think himself a zero, and think he can do nothing about the state of the world.

The main purpose of the stock market is to make fools of as many men as possible.

When the outlook is steeped in pessimism, I remind myself, "Two and two still make four, and you can't keep humankind down for long."

A speculator is a man who observes the future, and acts before it occurs.

Get 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... Knowing yourself and knowing the facts, you can judge whether you can change the situation so it is more to your liking. If you cannot--or if you do not know how to improve on things--then discipline yourself to the adjustments that will be necessary.

If you get all the facts, your judgment can be right; if you don't get all the facts, it can't be right.

Nobody ever lost money taking a profit.

The terror created by weaponry has never stopped men from employing them.

You can overcome anything if you don't bellyache.

Age is only a number, a cipher for the records. A man can't retire his experience. He must use it. Experience achieves more with less energy and time.

Gold has worked down from Alexander's time ... When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory.

If you have made a mistake cut your losses as quickly as possible.

None of us can be free of conflict and woe. Even the greatest men have had to accept disappointments as their daily bread. ... The art of living lies less in eliminating our troubles than in growing with them.

There is something about inside information which seems to paralyze a man's reasoning powers.

You can talk about capitalism and communism and all that sort of thing, but the important thing is the struggle everybody is engaged in to get better living conditions, and they are not interested too much in government.

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.

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.

I'm not smart. I try to observe. Millions saw the apple fall but Newton was the one who asked why.

Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.

Those who matter don't mind, and those who mind don't matter.

You don't have to blow out the other person's light to let your own shine.

Although the shooting war is over, we are in the midst of a cold war which is getting warmer.

Author Picture
First Name
Bernard
Last Name
Baruch, fully Bernard Mannes Baruch
Birth Date
1870
Death Date
1965
Bio

American Businessman, Statesman, Advisor to U.S. Presidents