Wise quotes from Bernard M. Baruch:
Bernard Baruch was a stock market speculator who became a millionaire by age 30 in the early 1900’s and eventually a statesman and advisor to multiple Presidents during WWI and WWII.
- -A speculator is a man who observes the future, and acts before it occurs.
- -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.
- -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.
- -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.
- Do not blame anybody for your mistakes and failures.
- Every man has a right to his opinion, but no man has a right to be wrong in his facts.
- I made my money by selling too soon.
I never lost money by turning a profit.
- Most of the successful people I’ve known are the ones who do more listening than talking.
- Never pay the slightest attention to what a company president ever says about his stock.
- 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.