“Peace is never long preserved by weight of metal or by an armament race. Peace can be made tranquil and secure only by understanding and agreement fortified by sanctions. We must embrace international cooperation or international disintegration. Science has taught us how to put the atom to work. But to make it work for good instead of for evil lies in the domain dealing with the principles of human dignity. We are now facing a problem more of ethics than of physics.” HumansLongMadeProblemLyingEvilUnderstandingRacePrinciplesTaughtEthicsDignityWeightEmbraceInternationalPhysicsSecureAgreementCooperationAtomsMetalsDomainSanctionsTranquilTaught UsHuman DignityArmamentDisintegrationInternational Cooperation Author:Bernard Baruch
“If you have made a mistake cut your losses as quickly as possible.” IfsMadeLossMistakeCuttingFailureMade A MistakeYour Loss Book:Baruch: My own story Source: Baruch: My own story
“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.” WorldMadeActionStrongFeltDecisionMoneyBreakDemocracyTakenCuttingNew YorkSpringConsequenceEnglandRateChiefsGovernorsReservesSooner Or LaterNew World OrderSpursFederal ReserveUnwiseDecisions Made Author:Bernard Baruch
“A dangerous fallacy is to repudiate freedom in favor of an unknown future. What else but our own sturdy reliance on freedom can explain the unexampled record this country has made? In a period scarcely twice my own lifetime it has risen from nothingness to become the world's greatest power. It has become the ark of the covenant of freedom.” WorldMadeCountryMy OwnRecordsDangerousDangerPeriodsFutureLifetimeFavorsNothingnessRelianceCovenantRisenFallacyArkSturdyUnknown Future Author:Bernard Baruch
