racemize Posted November 16, 2013 Share Posted November 16, 2013 In Tap Dancing to Work, there is a quote: "Historians might do well to observe the parallels between [buffett's 1999 stock market] article and the warning Bernard Baruch famously gave in the 1920s" Does anyone know what this is? I couldn't find it, but it sounds interesting. TIA. Link to comment Share on other sites More sharing options...
JBird Posted November 17, 2013 Share Posted November 17, 2013 I haven't found an article or letter. I did find one quote that pre-dates a crash. "When good news about the market hits the front page of the New York Times, sell." http://books.google.com/books?id=r3TkyRiit2cC&pg=PA68&lpg=PA68&dq=bernard+baruch+stock+market+crash&source=bl&ots=kqsoyjPHa0&sig=jfkgUZvbu36tynSQCOdAXMyQpQA&hl=en&sa=X&ei=ohGIUpW8KMaE2QXUm4F4&ved=0CD4Q6AEwAzgK#v=onepage&q=bernard%20baruch%20stock%20market%20crash&f=false According to that source, we're talking about a guy who made a fortune speculating on sugar prices. I am not certain whether Loomis is referring to a Baruch warning given pre- 1920-21 Depression or pre- 1929 Depression. Here's why: http://www.nytimes.com/2008/10/12/weekinreview/12word-ART.html?_r=0 Link to comment Share on other sites More sharing options...
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