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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

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Approach Each New Problem

Bernard Baruch

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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.

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Gold Has Worked Down From Alexander's Time... When Something Holds Good For Two Thousand Years I Do Not Believe It Can Be So Because Of Prejudice Or Mistaken Theory.

Colleges Don't Teach Economics Properly. Unfortunately We Learn Little From The Experience Of The Past. An Economist Must Know, Besides His Subject, Ethics, Logic, Philosophy, The Humanities And Sociology, In Fact Everything That Is Part Of How We Live And React To One Another.

When Good News About The Market Hits The Front Page Of The New York Times, Sell.

We Did Not All Come Over On The Same Ship, But We Are All In The Same Boat.

The Terror Created By Weaponry Has Never Stopped Men From Employing Them.

Only Liars Manage To Always Be Out During Bad Times And In During Good Times.

Two Things Are Bad For The Heart - Running Up Stairs And Running Down People.

Get To Know Yourself. Know Your Own Failings, Passions, And Prejudices So You Can Separate Them From What You See. Know Also When You Actually Have Thought Through To The Nature Of The Thing With Which You Are Dealing And When You Are Not Thinking At All... Knowing Yourself And Knowing The Facts, You Can Judge Whether You Can Change The Situation So It Is More To Your Liking. If You Cannot--or If You Do Not Know How To Improve On Things--then Discipline Yourself To The Adjustments That Will Be Necessary.

Society Can Progress If Men's Labors Show A Profit - If They Yield More Than Is Put In. To Produce At A Loss Must Leave Less For All To Share.

Buy Straw Hats In The Wintertime. Summer Will Surely Come.

I Have Learned The Truth Of The Observation That The More One Approaches Great Men The More One Finds That They Are Men.

Never Pay The Slightest Attention To What A Company President Ever Says About His Stock.

Increased Wages, Higher Pensions, More Unemployment Insurance, All Are Of No Avail If The Purchasing Power Of Money Falls Faster.

To Me - Old Age Is Always Ten Years Older Than I Am.

I'll Give You The Bottom 10% And The Top 10% Of Any Move If I Get To Keep The Middle 80%.

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.

Never Answer A Critic, Unless He's Right.

Approach Each New Problem Not With A View Of Finding What You Hope Will Be There, But To Get The Truth.

Everyone Is Entitled To Be Wrong About Their Opinions, But No One Has The Right To Be Wrong About Their Facts.

America Has Never Forgotten - And Never Will Forget - The Nobler Things That Brought Her Into Being And That Light Her Path...

We Grow Neither Better Or Worse As We Get Old, But More Like Ourselves.

Don't Try To Buy At The Bottom And Sell At The Top. It Can't Be Done Except By Liars.

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.

We Are Living In A Highly Organized State Of Socialism. The State Is All; The Individual Is Of Importance Only As He Contributes To The Welfare Of The State. His Property Is Only His As The State Does Not Need It. He Must Hold His Life And His Possessions At The Call Of The State.

Even When We Know What Is Right, Too Often We Fail To Act. More Often We Grab Greedily For The Day, Letting Tomorrow Bring What It Will, Putting Off The Unpleasant And Unpopular.

You Can't Repeal Human Nature By An Act Of Congress.

Making A Success Of The Job At Hand Is The Best Step Toward The Kind You Want.

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.

I Never Lost Money By Turning A Profit.

Never Play Tips From "insiders." They Can't See The Forest For The Trees.

You Don't Have To Blow Out The Other Person's Light To Let Your Own Shine.

Now Is Always The Hardest Time To Invest.

The Essence Of Any Plan For Financing Old Age Is Saving-to Put Aside Some Part Of Today's Earnings For The Future. Anything That Saps The Value Of Savings-and Inflation Is The Worst Single Threat-is The Enemy Of The Aged And Of Those Who Expect To Grow Old.

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The Ability To Express An Idea Is Well Nigh As Important As The Idea Itself.

A Political Leader Must Keep Looking Over His Shoulder All The Time To See If The Boys Are Still There. If They Arent Still There, Hes No Longer A Political Leader.

Whatever You Do, Do It With All Your Heart And Soul.

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It Is Far More Difficult... To Know When To Sell A Stock Than When To Buy.

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We Can't Cross That Bridge Until We Come To It, But I Always Like To Lay Down A Pontoon Ahead Of Time.

Whatever Failures I Have Known, Whatever Errors I Have Committed, Whatever Follies I Have Witnessed In Private And Public Life Have Been The Consequence Of Action Without Thought.

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.

Whatever Men Attempt, They Seem Driven To Overdo. When Hopes Are Soaring, I Always Repeat To Myself That Two And Two Still Make Four.

Those Who Matter Don't Mind, And Those Who Mind Don't Matter.

A Man Sentenced To Death Obtained A Reprieve By Assuring The King He Would Teach His Majesty's Horse To Fly Within The Year - On The Condition That If He Didn't Succeed, He Would Be Put To Death At The End Of The Year. "within A Year," The Man Explained Later, "the King May Die, Or I May Die, Or The Horse May Die. Furthermore, In A Year, Who Knows? Maybe The Horse Will Learn To Fly." My Philosophy Is Like That Man's. I Take The Long-range View.

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Most Of The Successful People I've Known Are The Ones Who Do More Listening Than Talking.

Be Quick To Praise People. People Like To Praise Those Who Praise Them.

A Man Can't Retire His Experience.

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Chance Sometimes Opens The Door, But Luck Belongs To The Good Players.

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Nobody Ever Lost Money Taking A Profit

If All You Have Is A Hammer, Everything Looks Like A Nail.

Our Problem In Money-making Or Government Affairs Is How To Remain Properly Venturesome And Experimental Without Making Fools Of Ourselves.

Do Not Blame Anybody For Your Mistakes And Failures.

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The Art Of Living Lies Less In Eliminating Our Troubles Than In Growing With Them.

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Never Follow The Crowd.

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Let Us Not Be Deceived We Are Today In The Midst Of A Cold War.

If You Have Made A Mistake Cut Your Losses As Quickly As Possible.

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