I get the facts, I study them patiently, I apply imagination.

Bears don't live on Park Avenue.

If you have made a mistake cut your losses as quickly as possible.

Gold has worked down from Alexander's time... When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory.

Increased wages, higher pensions, more unemployment insurance, all are of no avail if the purchasing power of money falls faster.

A man sentenced to death obtained a reprieve by assuring the king he would teach his majesty's horse to fly within the year - on the condition that if he didn't succeed, he would be put to death at the end of the year. "Within a year," the man explained later, "the king may die, or I may die, or the horse may die. Furthermore, in a year, who knows? Maybe the horse will learn to fly." My philosophy is like that man's. I take the long-range view.

Everyone is entitled to be wrong about their opinions, but no one has the right to be wrong about their facts.