If all else fails immortality can always be assured by adequate error.

Agriculture is one economic activity that does not obey the laws of demand and supply.

People who are in a fortunate position always attribute virtue to what makes them so happy.

All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.

Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.

The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.

The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.