America has never forgotten - and never will forget - the nobler things that brought her into being and that light her path - the path that was entered upon only one hundred and fifty years ago ... How young she is! It will be centuries before she will adopt that maturity of custom - the clothing of the grave - that some people believe she is already fitted for.

Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.

No man should think himself a zero, and think he can do nothing about the state of the world.

In trading/ investing it's not about how much you make, but how much you don't lose

None of us can be free of conflict and woe. Even the greatest men have had to accept disappointments as their daily bread. ... The art of living lies less in eliminating our troubles than in growing with them.

Approach each new problem not with a view of finding what you hope will be there, but to get the truth.

We are here today to make a choice between the quick and the dead.