Only liars manage to always be out during bad times and in during good times.
Bernard BaruchRead
Nobody ever lost money taking a profit
Interpretation
What this quote means
Making a profit is always a good decision, as it secures your gains.
This quote emphasizes the importance of recognizing and valuing the profits you have made, suggesting that securing gains is preferable to risking losses by holding out for potentially larger profits. In the realm of finance and investment, it serves as a reminder that taking profit is a wise strategy that can prevent losses and lend stability to oneβs financial situation.
Themes
ProfitInvestingSuccessFinanceMoney
In practice
Example use cases
During a financial seminar, someone might quote this to illustrate the importance of capitalizing on profits.
More from Bernard Baruch
All quotes βWe can't cross that bridge until we come to it, but I always like to lay down a pontoon ahead of time.
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No man should think himself a zero, and think he can do nothing about the state of the world.
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Unless each man produces more than he receives, increases his output, there will be less for him than all the others.
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I was the son of an immigrant. I experienced bigotry, intolerance and prejudice, even as so many of you have. Instead of allowing these thing to embitter me, I took them as spurs to more strenuous effort. .
Bernard BaruchRead
When good news about the market hits the front page of the New York Times, sell.
Bernard BaruchRead
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