Word: barucher
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...takes a sportsman to design equipment for sportsmen." For more than 50 years, the flinty, down-East salesman peddled wilderness wares of his own making to grizzled backwoodsmen as well as fugitives from Abercrombie & Fitch. Among those who bought his snowshoes, fishing tackle and what have you were Bernard Baruch, Eleanor Roosevelt, Babe Ruth, Doris Day and Amy Vanderbilt. To meet the demand, Bean employed 120 workers, also maintained a 24-hour-a-day, 365-day-a-year ("When hunters need something, they want it right away") retail outlet. But 80% of his sales were mail orders, generated...
Wall Street's bulls like to joke that "no Fifth Avenue mansions have been built by bears." The bulls are wrong. Though most investment profits have indeed been made on upswing, Bernard Baruch bagged one of his first fortunes by bearishly selling short in Amalgamated Copper in 1901, and Joseph P. Kennedy earned more than $1,000,000 by short-selling in 1929-30. Among the other famous bears who got into the honey in the Depression were Tom Bragg and "Sell 'em Ben" Smith. One day Smith picked up a phone to make a call, but Bragg...
...compete in a worldwide shorthand contest, he broke an index finger. He worked his way around the injury by jamming his pen through a potato, then took dictation while holding the potato. At the age of 18, he was pronounced, potato and all, the best stenographer alive. Bernard Baruch took him on as a personal secretary, and William Rosenberg...
Corned Beef & Roses. All through World War 1 he stayed close to Baruch and learned a thing or two about finances and investing. But in 1918, he quit his job to go "on the bum, mostly because I wanted to find a way to the top." He found it six months later when he met some songwriters in a New York delicatessen. After the patrician manners of Baruch, the tunesmiths looked to him "like a bunch of dumbheads"-until he learned that some of the heads were creating $50,000 worth of songs a year. Again Billy got the jump...
Just in time for the crash. In 1929 he lost some $15 million in the market, but for the rest of his life did very nicely as a "policy consultant" to a number of mammoth institutions (among them: Old Friend Bernard Baruch...