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Wise quotes from Bernard M. Baruch

263-1Wise 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.

A Successful Life

In his book, “A Strategy for Daily Living,” trading expert Dr. Ari Kiev notes, “A successful life does not result from chance, fate, or good fortune, but from a succession of successful days lived in pursuit of a worthy pursuit.” Dr. Kiev points out that you can work toward your goal every day, day after day, and eventually even the most elusive goal can be achieved. Perhaps you will make more progress on some days than others, but what is most important is that you never give up and spend every day working toward your goal.