7 Timeless Investing Ideas from Bernard Baruch
Born in 1870, in Camden, South Carolina, Bernard Baruch started his finance career by working as a runner for stock brokers.
In 1899, he bought a seat on the New York Stock Exchange for $19,000 (equivalent to roughly $670,000 today) with the money he made from trading stocks.
By the time he was 33, in 1903, Baruch had amassed an estimated fortune of $3 million. That’s about $105 million in today’s dollars.
Baruch isn’t as well-known as his contemporary, Jesse Livermore (who I feature in my latest book , The Stoic Path to Wealth). It’s likely because Baruch wasn’t as fond of the spotlight as Livermore was.
As a business owner, Baruch founded a company that dominated the rubber market in the United States. His partners in the…
