Jump to content

Bernard Baruch article/paper request


racemize

Recommended Posts

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

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

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...