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Bernard Baruch's Biggest Mistake

This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Weekend reading bernard baruch Weekend reading bernard baruch

Weekend Reading

Bernard Baruch, a Wall Street legend, learned investing lessons the hard way.

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Early in his career, he was a reckless speculator, relying on rumors and tips to make impulsive decisions. This led to a cycle of big wins and devastating losses.

📌 Ditch the tips, conduct research: Don't gamble your nest egg on rumors; study a company's fundamentals before investing

📌 Think for yourself: Avoid blindly following the advice of others, even those you trust

📌 Develop a disciplined approach: Make informed decisions based on your own analysis, not impulsive reactions to market chatter

Why It Matters: Building a successful retirement portfolio requires a disciplined, informed approach. By learning from Baruch's experience, you can avoid common pitfalls and develop the confidence to make sound investment decisions.