Bernard Baruch’s 10 Rules of Investing

You want someone to emulate?

Bernard Baruch (August 19, 1870 – June 20, 1965) was the son of a South Carolina physician whose family moved to New York City when he was eleven year old. By his mid-twenties, he is able to buy an $18,000 seat on the exchange with his winnings and commissions from being a broker. By age 30, he is a millionaire and is known all over The Street as “The Lone Wolf”.

In his two-volume 1957 memoirs, My Own Story, Baruch left us with the following timeless rules for playing the game:

“Being so skeptical about the usefulness of advice, I have been reluctant to lay down any ‘rules’ or guidelines on how to invest or speculate wisely. Still, there are a number of things I have learned from my own experience which might be worth listing for those who are able to muster the necessary self-discipline:”

1. Don’t speculate unless you can make it a full-time job.

2. Beware of barbers, beauticians, waiters — of anyone — bringing gifts of “inside” information or “tips.”

3. Before you buy a security, find out everything you can about the company, its management and competitors, its earnings and possibilities for growth.

4. Don’t try to buy at the bottom and sell at the top. This can’t be done — except by liars.

5. Learn how to take your losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.

6. Don’t buy too many different securities. Better have only a few investments which can be watched.

7. Make a periodic reappraisal of all your investments to see whether changing developments have altered their prospects.

8. Study your tax position to know when you can sell to greatest advantage.

9. Always keep a good part of your capital in a cash reserve. Never invest all your funds.

10. Don’t try to be a jack of all investments. Stick to the field you know best.

Baruch would later go on from Wall Street to Washington DC as an advisor to both Woodrow Wilson and to FDR during World War II.

Later, he became known as the Park Bench Statesman, owing to his fondness for discussing policy and politics with his acquaintances outdoors.

He lived til a few days shy of his 95th birthday in 1965. You could do worse than to invest and live based on these simple truths.


This post originally appeared here on February 17th, 2013

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

What's been said:

Discussions found on the web
  1. rembacken commented on Jun 14


    […]Every after inside a when we opt for blogs that we read. Listed beneath would be the most up-to-date web pages that we choose […]

  2. classic vibrator commented on Jun 15

    classic vibrator

    […]the time to read or go to the subject material or web-sites we’ve linked to below the[…]

  3. chin strap on with dildo commented on Jun 16

    chin strap on with dildo

    […]Every as soon as in a although we choose blogs that we study. Listed beneath are the newest internet sites that we choose […]

  4. Magic Wand commented on Jun 16

    Magic Wand

    […]Every once inside a though we select blogs that we study. Listed below are the most recent websites that we choose […]

  5. Adam & Eve Beginner's Power Pump commented on Jun 17

    Adam & Eve Beginner’s Power Pump

    […]that could be the end of this write-up. Here you will discover some sites that we believe you will value, just click the links over[…]

  6. Best Sex Swing commented on Jun 17

    Best Sex Swing

    […]we came across a cool site that you simply might delight in. Take a appear when you want[…]

  7. Anal Plug Review commented on Jun 18

    Anal Plug Review

    […]very couple of internet sites that happen to become detailed beneath, from our point of view are undoubtedly effectively really worth checking out[…]

  8. strapon female commented on Jun 18

    strapon female

    […]check beneath, are some completely unrelated internet sites to ours, having said that, they are most trustworthy sources that we use[…]

  9. Anal Lubricant commented on Jun 18

    Anal Lubricant

    […]below you’ll find the link to some sites that we consider you should visit[…]

  10. otnosheniya commented on Jun 19


    […]although sites we backlink to below are considerably not associated to ours, we really feel they may be basically worth a go through, so possess a look[…]