Bernard Baruch on the stock market

Above all else... the stock market is people.  It is people trying to read the future...  What drives the prices of stocks up and down is not impersonal economic forces or changing events, but the human reactions to these happenings...  Th main obstacle lies in disentangling ourselves from our own emotions.

~ Bernard Baruch

Bernard Baruch on investor folly

The main purpose of the stock market is to make fools of as many men as possible.

~ Bernard Baruch

Bernard Baruch on the 1929 Crash (1929)

The financial storm has definitely passed.

~ Bernard Baruch in a cablegram to Winston Churchill, Nov. 15, 1929.