"Those who matter don't mind, and those who mind don't matter."
"Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break."
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Source: Bernard Baruch's Speech before the Senate's Special Committee Investigating the National Defense Program, 1948.
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More quotes by Bernard Baruch
"Only liars manage to always be out during bad times and in during good times."
"No man can humiliate me or disturb me. I won't let him."
"Two things are bad for the heart - running up stairs and running down people."
"Recipe for success: Be polite, prepare yourself for whatever you are asked to do, keep yourself tidy, be cheerful, don't be envious, be honest with yourself so you will be honest with others, be helpful, interest yourself in your job, don't pity yourself, be quick to praise, be loyal to your friends, avoid prejudices, be independent, interest yourself in politics, and read the newspapers."
"Millions saw the apple fall but Newton was the one who asked why."