Approach each new problem not with a view of finding what you hope will be there, but to get the truth, the realities that must be grappled with. You may not like what you find. In that case you are entitled to try to change it. But do not deceive yourself as to what you do find to be the facts of the situation.

The longer I operated on Wall Street the more distrustful I became of tips and inside information of every kind. Given time, I believe that inside information can break the Bank of England

Do not blame anybody for your mistakes and failures.

Information cannot serve as an effective substitute for thinking.

If the history of the past fifty years teaches us anything, it is that peace does not follow disarmament - disarmament follows peace.

The art of living lies less in eliminating our troubles than in growing with them.

All economic movements, by their very nature, are motivated by crowd psychology.