Bernard Baruch made a fortune in the stock market in the 1920s and had the presence to take profits before the market dropped into the Great Depression. He subsequently served as an advisor to Presidents until his death. His quote: “I got rich by taking profits too early.” This is the psychology of taking profits-sell too early, not too late. Knowing when to sell is the most difficult aspect of being a successful investor.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Shiller R J. Irrational Exuberance. Princeton, NJ: Princeton University Press, 2000.
Cohen A, Taylor E. American Pharaoh: Mayor Richard J Daley, His Battle for Chicago and the Nation. Boston: Little, Brown and Co, 2000.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2009 Humana Press, a part of Springer Science+Business Media, LLC
About this chapter
Cite this chapter
Doroghazi, R.M. (2009). When to Sell. In: The Physician's Guide to Investing. Humana Press. https://doi.org/10.1007/978-1-60761-134-9_30
Download citation
DOI: https://doi.org/10.1007/978-1-60761-134-9_30
Published:
Publisher Name: Humana Press
Print ISBN: 978-1-60327-543-9
Online ISBN: 978-1-60761-134-9
eBook Packages: MedicineMedicine (R0)