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.


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. rabbit vibrators commented on Oct 27

    rabbit vibrators

    […]that will be the finish of this write-up. Here you will come across some web-sites that we think you’ll appreciate, just click the links over[…]

  2. بازاریابی شبکه اجتماعی commented on Oct 27

    بازاریابی شبکه اجتماعی

    Appreciating the time and effort you put into your weblog and comprehensive details you supply. It’s fantastic to occur throughout a website each as soon as in a although that is not the identical unwanted rehashed info. Fantastic go through! I have sa…

  3. ben wa balls commented on Oct 28

    ben wa balls

    […]usually posts some very intriguing stuff like this. If you’re new to this site[…]

  4. good head kit for him commented on Oct 28

    good head kit for him

    […]usually posts some incredibly interesting stuff like this. If you’re new to this site[…]

  5. silicone penis sleeve commented on Oct 28

    silicone penis sleeve

    […]just beneath, are numerous completely not associated web-sites to ours, however, they are surely worth going over[…]

  6. best rated female vibrator commented on Oct 28

    best rated female vibrator

    […]please visit the internet sites we comply with, including this a single, because it represents our picks from the web[…]

  7. mini wand vibrator review mini massager commented on Oct 29

    mini wand vibrator review mini massager

    […]that will be the finish of this write-up. Right here you’ll discover some sites that we feel you will appreciate, just click the links over[…]

  8. best realistic vibrator commented on Oct 29

    best realistic vibrator

    […]below you will obtain the link to some websites that we feel you ought to visit[…]

  9. name commented on Oct 29


    […]Wonderful story, reckoned we could combine some unrelated information, nevertheless truly worth taking a look, whoa did one particular find out about Mid East has got far more problerms as well […]

  10. love bullet vibrator commented on Oct 29

    love bullet vibrator

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

  11. adidas ultra boost commented on Oct 30

    adidas ultra boost

    […]Sites of interest we have a link to[…]

  12. دوربین مدار بسته ارزان قیمت commented on Oct 30

    دوربین مدار بسته ارزان قیمت

    Hi there! Do you know if they make any plugins to help with Search engine optimization? I’m making an attempt to get my site to rank for some targeted search phrases but I’m not viewing quite good gains. If you know of any make sure you share. Many tha…

  13. rabbit vibrator video commented on Oct 30

    rabbit vibrator video

    […]Here are a number of the sites we advise for our visitors[…]

  14. middle finger vibrator commented on Oct 30

    middle finger vibrator

    […]that would be the end of this article. Here you will discover some internet sites that we believe you will appreciate, just click the links over[…]

  15. Xvideo commented on Nov 01


    […]usually posts some very intriguing stuff like this. If you are new to this site[…]