Bernard Baruch Quote
Source/Notes: As quoted in his obituary, New York Times (21 June 1965)
Source/Notes: Baruch: The public years (Holt, 1957), p. 31: "I defined a speculator as a man who observes the future and acts before it occurs."
Source/Notes: On his 85th birthday. UPI News Report, August 20, 1955
Source/Notes: As quoted in Lowell Sun Newspaper, January 3, 1962: "To remain healthy, Always do one thing less than you think you can do"
Source/Notes: As quoted in: Forbes (1950), p. 42. Also in: Think, Volumes 16-17 (1950), p. 25
Source/Notes: Baruch: My Own Story (1957)
Source/Notes: Baruch: The public years (Holt, 1957), p. 376. A variant appears in The international control of atomic energy (1946): "Every man has the right to an opinion, but no man has a right to be wrong."
“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
Source/Notes: Quoted by Arthur Krock, "In the Nation," The New York Times, December 26, 1963