Bernard Baruch Quotes

Bernard Mannes Baruch, 1870 – 1965

Born: 19 August 1870, Camden, South Carolina
Died: 20 June 1965, New York City

Bernard Mannes Baruch was born at Camden, South Carolina on this day in 1870, the son of a German immigrant who had been a surgeon on Robert E. Lee’s staff in the War Between the States. The family moved to New York City about ten years later. After attending public school he graduated from City College of New York in 1889. He worked his way up from office boy ($3 per week) to runner to broker and then partner at a Wall Street firm, A. A. Housman. He was a millionaire with his own seat on the exchange at age thirty. In 1903 he started Baruch Brothers and in 1907 he and brother Hartwig bought H. Hentz and Company, an international commodity trading firm with offices at New York and three European capitals. In 1905 he bought Hobcaw Barony, a 17,000 acre plantation in South Carolina where he spent summers. He was an advisor to Woodrow Wilson but when asked to join the War Industries Board he left Wall Street behind to avoid conflicts, although he was publicly accused of making a fortune from the war, most bitterly by Henry Ford. He would go on to advise presidents Harding, Coolidge, Hoover, Roosevelt, and Truman at some level, he was one of Roosevelt’s “Brain Trust” and involved in creating the National Recovery Administration. He was known as the “Park Bench Statesman” for sitting in Lafayette Park, across from the White House, where political figures including congressmen and department heads came to get his opinions. When at home, he did the same in Central Park. The man who said he’d never be an old man (“Old is fifteen years older than I am.”) died just short of his ninety-fifth birthday.

Bernard Baruch quotes:

A political leader must keep looking over his shoulder all the time to see if the boys are still there. If they aren’t still there, he’s no longer a political leader.
    Bernard Baruch

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

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.
    Bernard Baruch

Always do one thing less than you think you can do.
    Bernard Baruch

America has never forgotten — and never will forget — the nobler things that brought her into being and that light her path.
    Bernard Baruch – Address accepting The Churchman Award, New York (23 May 1944)

Approach each new problem not with a view of finding what you hope will be there, but to get the truth, the realities that must be grappled with. You may not like what you find. In that case you are entitled to try to change it. But do not deceive yourself as to what you do find to be the facts of the situation.
    Bernard Baruch

Be quick to praise people. People like to praise those who praise them.
    Bernard Baruch

Behind the black portent of the new atomic age lies a hope which, seized upon with faith, can work out salvation…. Let us not deceive ourselves: we must elect world peace or world destruction.
    Bernard Baruch – Address to the United Nations Atomic Energy Commission (14 June 1946)

Do not blame anybody for your mistakes and failures.
    Bernard Baruch

Do not look for approval except for the consciousness of doing your best.
    Bernard Baruch

Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.
    Bernard Baruch

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.
    Bernard Baruch

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

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.
    Bernard Baruch

I have known men who could see through the motivations of others with the skill of a clairvoyant; only to prove blind to their own mistakes. I have been one of those men.
    Bernard Baruch

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