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.'
More from Bernard Baruch
All quotes →We 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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Nobody ever lost money taking a profit
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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
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