Bernard Baruch: The Adventures of a Wall Street Legend by James Grant

By James Grant

Bernard Baruch used to be a self-made millionaire, mythical inventory dealer, and enterprise investor. for many of the 1st 1/2 the twentieth century, he epitomized the “good side” of Wall road within the public brain. Celebrated as “Adviser to Presidents” and “The Park Bench Statesman,” he additionally turned referred to as “The guy Who offered out prior to the Crash.

James supply a lot praised biography attracts on a wealth of formerly untapped fabric.

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Bernard Baruch: The Adventures of a Wall Street Legend

Bernard Baruch was once a self-made millionaire, mythical inventory dealer, and enterprise investor. for many of the 1st half the 20 th century, he epitomized the “good side” of Wall road within the public brain. Celebrated as “Adviser to Presidents” and “The Park Bench Statesman,” he additionally grew to become often called “The guy Who bought out earlier than the Crash.

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Sample text

Nobody knew anything about [European securities] in the early 1960s,” Soros recalled with a smile. “So I could impute any earnings I wanted to the European companies I followed. ” It was not surprising that during this time Soros would meet and marry someone of European background. As a newcomer to the United States, he knew relatively few American women. He met his future wife, the German-born Annalise, in Quogue, Long Island, near Westhampton. They were married in 1961, the same year he became an American citizen.

This was not a good sign, and Soros knew it. It was unlikely he would become a professor. Soros linked his failure to finish the book with his decision to forgo the study of philosophy in favor of the pursuit of money. However much Soros wanted to teach, it was clear to him that he needed to make a living—and fast. He was 22 years old, and, while he longed to make some great contribution to human knowledge, he had to eat. However, a degree in economics qualified him for little. He took whatever job he could find—the first as a handbag salesman in Blackpool, the coastal resort in northern England.

He would not have to make life-or-death choices. He could take risks without having to worry that failure could cost him everything. As long as he left himself room to recover. ” The war taught George one other lesson. Three: A gap exists between perception and reality. We all have preconceived notions, and those preconceptions don’t necessarily correspond with the ways in which the world actually functions. It was that gap between perception and reality that he would eventually explore as he weaved his theories about human knowledge and, later, about the financial markets.

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