Posts Tagged ‘bernard baruch’
Bernard M. Baruch: Turning a Profit
on Saturday, April 22, 2023Meaning of Bernard M. Baruch Money Quote: saying turning a profit of any amount is the sure way not to lose money. Bernard M. Baruch said:
“I never lost money by turning a profit” — Bernard M. Baruch
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This quote is suggesting that one should not be greedy and try to maximize profits at all costs, because being overly aggressive can sometimes backfire and result in losses. Bernard Baruch was an American financier and statesman, so the quote is coming from the perspective of sound business and investment advice.
It means that making a reasonable profit on a transaction or investment is generally a safe and reliable way to make money, whereas trying to squeeze out every last penny of potential gain could introduce unnecessary risks that end up losing one’s capital.
The overall message is that consistency and moderation in profit-taking is a smarter strategy than gambling in hopes of maximizing returns.
Birthday: March 1, 1927 – Death: April 25, 2023
Bernard Baruch on Premature Selling
on Saturday, July 19, 2014Bernard Baruch Money Quotation saying investors worry too much about premature sales of assets when the strategy simply works. Bernard Baruch said:
“I made my money by selling too soon” — Bernard Baruch
This quote suggests that Bernard Baruch achieved financial success by selling his investments and realizing profits early, rather than waiting too long in hopes of even higher gains.
The implication is that taking profits at a reasonable point, rather than being greedy and trying to maximize returns indefinitely, allowed Baruch to consistently “make his money” through a strategy of not being too aggressive and taking on unnecessary risk by holding positions for excessive periods of time.
The message is that it’s better to capture a good profit and redeploy capital into new opportunities, rather than always striving for the maximum theoretical profit and potentially losing out by waiting too long to sell.
Birthday: August 19, 1870 – Death: June 20, 1965