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. قیمت دوربین مداربسته هایک ویژن commented on Nov 01

    دوربین مداربسته هایکویژن

    Greetings from Florida! I’m bored to demise at function so I made the decision to verify out your website on my iphone in the course of lunch break. I enjoy the data you supply here and simply cannot wait to consider a appear when I get property. I’m s…

  2. colic calm commented on Nov 01

    colic calm

    […]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless definitely worth taking a search, whoa did one particular understand about Mid East has got much more problerms too […]

  3. خرید دوربین مداربسته commented on Nov 01

    خرید دوربین مداربسته

    I’m really loving the theme/design and style of your web website. Do you ever run into any internet browser compatibility concerns? A small quantity of my site viewers have complained about my weblog not functioning accurately in Explorer but seems gre…

  4. wholesale web hosting commented on Nov 01

    wholesale web hosting

    […]very few internet sites that come about to be in depth below, from our point of view are undoubtedly effectively really worth checking out[…]

  5. p spot massager commented on Nov 02

    p spot massager

    […]Every once inside a whilst we pick out blogs that we read. Listed below would be the most current web-sites that we opt for […]

  6. کابینت ام دی اف commented on Nov 02

    کابینت و کمد دیواری

    Does your internet site have a contact page? I’m possessing a challenging time locating it but, I’d like to shoot you an e-mail. I’ve got some innovative suggestions for your site you may well be interested in hearing. Both way, excellent blog and I ap…

  7. tinglers plug commented on Nov 02

    tinglers plug

    […]just beneath, are quite a few absolutely not associated internet sites to ours, nevertheless, they are certainly really worth going over[…]

  8. realistic dong commented on Nov 02

    realistic dong

    […]just beneath, are several totally not associated websites to ours, nevertheless, they may be surely worth going over[…]

  9. کفسابی commented on Nov 02


    Wonderful weblog! Is your concept custom made manufactured or did you down load it from someplace? A design and style like yours with a number of easy adjustements would truly make my blog stand out. Please allow me know where you got your design and s…

  10. Airport Limo Mineapolis commented on Nov 03

    Airport Limo Mineapolis

    […]just beneath, are several entirely not connected websites to ours, however, they’re certainly really worth going over[…]

  11. تعمیرات دوربین مدار بسته commented on Nov 03

    تعمیرات دوربین مداربسته

    Appreciating the time and energy you put into your weblog and detailed info you offer. It is excellent to arrive across a weblog each after in a whilst that isn’t the same undesirable rehashed information. Great read through! I have saved your site and…

  12. big realistic vibrator commented on Nov 04

    big realistic vibrator

    […]here are some links to websites that we link to due to the fact we assume they may be worth visiting[…]

  13. bunny vibrater commented on Nov 04

    bunny vibrater

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

  14. البتكوين commented on Nov 04


    […]Here is a great Blog You might Uncover Fascinating that we Encourage You[…]

  15. kona coffee commented on Nov 04

    kona coffee

    Kona coffee is so good you’ll be tempted to drive to the Hawaii. Shop our high quality selections of Kona Coffee beans shipped fresh from Kona to your doorstep, no splash required.