Whenever you have the kind of market that is taking shape now - a wildly volatile one with big pricing discrepancies - it plays right into the hands of managers who are very focused on research and stock picking.

The right of individual property is no doubt the very corner-stone of civilization, as hitherto understood; but I am a little impatient of being told that property is entitled to exceptional consideration because it bears all the burdens of the state. It bears those, indeed, which can be most easily borne, but poverty pays with its person the chief expenses of war, pestilence, and famine.

In the parliament of the present every man represents a constituency of the past.

It is the vain endeavor to make ourselves what we are not that has strewn history with so many broken purposes and lives left in the rough.

Truth always has a bewitching savor of newness in it, and novelty at the first taste recalls that original sweetness to the tongue; but alas for him who would make the one a substitute for the other.

Most long lives resemble those threads of gossamer, the nearest approach to nothing unmeaningly prolonged, scarce visible pathways of some worm from his cradle to his grave.

If the devil take a less hateful shape to us than to our fathers, he is as busy with us as with them.