Bernard Baruch Quotes
Approach each new problem not with a view of finding what you hope will be there, but to get the truth, the realities that must be grappled with. You may not like what you find. In that case you are entitled to try to change it. But do not deceive yourself as to what you do find to be the facts of the situation.
Baruch, Bernard M. Baruch: My Own Story. Henry Holt and Company, 1957.
The Egyptian pilot was an extreme Muslim fundamentalist who committed suicide while killing all the passengers. From the point of view of Osama bin Laden this was a test that a fanatic would kill “heathens” by flying an Airplane and killing himself also in the process. This was then used in designing the plan for 9-11. However, at the time of the investigation, our intelligence agencies never “connected the dots” while it was clear in retrospect. The cockpit voice recorder showed that the pilot kept repeating the traditional Islamic battle cry, “God is Great” over and over as he dove the plane into the sea.
After amassing a fortune on the New York Stock Exchange, he impressed President Woodrow Wilson by managing the nation's economic mobilization in World War I as chairman of the War Industries Board. He advised Wilson during the Paris Peace Conference. He made another fortune in the postwar bull market, but foresaw the Wall Street crash and sold out well in advance. In World War II, he became a close advisor to President Roosevelt on the role of industry in war supply, and he was credited with greatly shortening the production time for tanks and aircraft. Later he helped to develop rehabilitation programs for injured servicemen. In 1946, he was the United States representative to the United Nations Atomic Energy Commission, though his Baruch Plan for international control of atomic energy was rejected by the Soviet Union.
