Bernard Baruch

Born: August 19, 1870, Camden, South Carolina Died: June 20, 1965, New York City

American financier, statesman, and speculator. Known on Wall Street in the early 20th century as the "Lone Wolf" — like Jesse-Livermore, he operated independently, took no partners, and trusted only his own analysis. Both men were contemporaries and mutual admirers.

Baruch made his fortune in the markets by 1910 and then transitioned to public service, advising Presidents Wilson, Roosevelt, and Truman on economic policy. He chaired the War Industries Board during World War I, the same body that ultimately forced the Coffee Exchange to close — ending Livermore's coffee trade prematurely.

In reminiscences-of-a-stock-operator, Baruch is cited as a fellow lone-hand operator who exemplified the same philosophy: trade your own book, rely on your own research, and never let obligations or social pressure override your analysis.

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