Bernard M. Baruch Quotes

"Whatever failures I have known, whatever errors I have committed, whatever follies I have witnessed in private and public life have been the consequence of action without thought."

"The art of living lies not in eliminating but in growing with troubles."

"During my eighty-seven years I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think."

"Every man has a right to his opinion, but no man has a right to be wrong in his facts."

"I never lost money by turning a profit."

"In the last analysis, our only freedom is the freedom to discipline ourselves."

"Never pay the slightest attention to what a company president ever says about his stock."

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

"Unless each man produces more than he receives, increases his output, there will be less for him than all the others."

"The greatest blessing of our democracy is freedom. But in the last analysis, our only freedom is the freedom to discipline ourselves."

"I made my money by selling too soon."

"When good news about the market hits the front page of the New York Times, sell."

"You can overcome anything if you don't bellyache."

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

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

"Never follow the crowd."

"Always do one thing less than you think you can do."

"Do not blame anybody for your mistakes and failures."

"Don't try to buy at the bottom and sell at the top. It can't be done except by liars."

"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong."