Tuesday, October 14, 2014

Investing: Don`t Rush To Buy What Is Hot

Whenever I see everyone rushing to bet their money on what`s hot, I remind myself of Bernard Baruch, the Wall Street legend and adviser to U.S. presidents. During the stock-market craze of the late 1920s, Baruch stopped for a shoeshine one day and the guy working on his shoes began giving him stock tips. His shoes looking fine, Baruch headed back to the office and sold everything!