Bernard Baruch Quotes


If you get all the facts, your judgment can be right. If you don't get all the facts, it can't be right.


Citations

Bernard Baruch, 1870-1965, Businessman & Chairman, War Industries Board, U. S. Delegate to U.N. Atomic Energy Commission, Quoted in The St. Louis Dispatch, June 21 1965

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

While the context applied to making business policy decisions, he also advocated it for politics and managing government. If policy makers or managers speculate and then act to fix possible and imaginable problem, they will waste time and resources dealing with eventualities that may never come to pass. A better strategy is to obtain data, analysize that, and fix the problems that we know will occur.


Bernard Baruch
Bernard Baruch
  • Born: August 19, 1870
  • Died: June 20, 1965
  • Nationality: American
  • Profession: Financier, Stock Investor, Statesman, Political Consultant

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.