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Quote by Bernard Baruch

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Bernard Baruch
Bernard Baruch

Bernard Baruch was a distinguished financier, born on August 19, 1870, and died on June 20, 1965. He is renowned for his remarkable achievements in Wall Street and his profound influence on public policy. more

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“The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor with a minimum of effort and capability; but to improve this easily attainable standard requires much application and more than a trace of wisdom. If you merely try to bring just a little extra knowledge and cleverness to bear upon your investment program, instead of realizing a little better than normal results, you may well find that you have done worse.”

“Since we have emphasized that analysis will lead to a positive conclusion only in the exceptional case, it follows that many securities must be examined before one is found that has real possibilities for the analyst. By what practical means does he proceed to make his discoveries? Mainly by hard and systematic work.”