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