If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.

Baruch Foundation as a nature and research preserve. Baruch Institute of Coastal Ecology & Forest Science. He wanted a more powerful version of the War Industries Board which he saw as the only way to ensure maximum coordination between civilian business and military needs.

S. Roosevelt on economic matters and became a philanthropist. Bernard Mannes Baruch (/bəˈruːk/; August 19 1870 – June 20 1965) was an American financier stock investor philanthropist statesman and political consultant.