Bernard Baruch Quotes

35 Sourced Quotes

Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.

Bernard Baruch
We must remember that the people do not belong to the government but that government belongs to the people.

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
Information cannot serve as an effective substitute for thinking.

Bernard Baruch
Government is not a substitute for people, but simply the instrument through which they act. And if the individual fails to do his duty as a citizen, government becomes a very deadly instrument indeed.

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
I have learned the truth of the observation that the more one approaches great men the more one finds that they are men.

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
So efficient are the available instruments of slavery; fingerprints, lie detectors, brain washings, gas chambers; that we shiver at the thought of political change which might put these instruments in the hands of men of hate.

Bernard Baruch
If you get all the facts, your judgment can be right; if you don't get all the facts, it can't be right.

Bernard Baruch