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10 rules for smart investing from one of America's greatest stock speculators
Bernard Baruch is one of the most successful stock operators in American history. Starting from scratch in the late 1800s, he built a fortune by navigating the frequent booms and busts that pervaded the stock market more than a century ago. While it's true that Baruch was a speculator -- not an investor -- and has long since passed away, neither of these facts erode the value of his insights for investors today. In the first volume of his autobiography, Baruch: My Own Story, the then 87-year-old financier dissects the madness of crowds, delves into what is now called behavioral finance, excoriates readers to make ... (full story)