A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

Recent entries:
“If you have ever eaten chocolate money, you have bit coins” (10/18)
“A quesadilla is essentially a grilled cheese sandwich” (10/18)
“Why did the Jewish man walk into a stop sign?"/"He wasn’t an observant Jew.” (10/18)
“Speed bumps are just expensive inverted potholes” (10/18)
“If you have ever eaten chocolate money, you have bit coins” (10/18)
More new entries...

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Entry from October 18, 2008
“The main purpose of the stock market is to make fools of as many men as possible”

American financier Bernard Baruch (1870-1965) is usually given credit for the phrase: “The main purpose of the stock market is to make fools of as many men as possible.” Contemporary citations are lacking, however.


Wikiquote: Bernard Baruch
Bernard Mannes Baruch (19 August 1870 - 20 June 1965) was an American financier, stock market speculator, statesman, and presidential advisor. After his success in business, he devoted his time toward advising Democratic presidents Woodrow Wilson and Franklin D. Roosevelt on economic matters.
(...)
Unsourced
The main purpose of the stock market is to make fools of as many men as possible.

13 August 2001, Colorado Springs (CO) Gazette:
Maybe U.S. financier and presidential adviser Bernard Baruch had something when he said, “the main purpose of the stock market is to make fools of as many men as possible.”

Google Books
BioBusiness in Asia:
How Asia Can Capitalize on the Life Science Revolution

By Gurinder S. Shahi
Published by Pearson Prentice Hall
2004
Pg. 283:
The main purpose of the stock market is to make fools of as many men as possible.
Bernard Baruch

Google Books
The Entrepreneurial Investor:
The Art, Science, and Business of Value Investing

By Paul Orfalea, Lance Helfert, Atticus Lowe and Dean Zatkowsky
Hoboken, NJ: John Wiley and Sons
2007
Pg. 109:
The main purpose of the stock market is to make fools of as many men as possible.

Google Groups: alt.humor.jewish
Newsgroups: alt.humor.jewish
From: Ray
Date: Wed, 01 Oct 2008 11:24:44 +1000
Local: Tues, Sep 30 2008 8:24 pm
Subject: Re: On This Day

The main purpose of the stock market is to make as many people as possible look stupid.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Saturday, October 18, 2008 • Permalink