Only liars manage to always be out during bad times and in during good times.
Bernard BaruchRead
When good news about the market hits the front page of the New York Times, sell.
Interpretation
What this quote means
This quote suggests that when positive news is widely publicized, it may be a signal to take profits and sell investments.
Bernard Baruch's quote reflects a contrarian investment strategy, indicating that when the market is exuberantly optimistic, represented by good news in a leading publication like the New York Times, it's prudent to sell. The idea is that such widespread positivity can precede market corrections, and smart investors should capitalize on the euphoria by exiting their positions.
Themes
InvestmentMarketNewsSellingProfits
In practice
Example use cases
During a financial seminar, one might say, 'As Baruch advised, when good news dominates the headlines, it may be time to consider selling your stocks.'
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