Even in such a time of madness as the late twenties, a great many man in Wall Street remained quite sane. But they also remained very quiet. The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil. Perhaps this is inherent. In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it. So the wise in Wall Street are nearly always silent. The foolish thus have the field to themselves. None rebukes them.

The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.

It takes some skill to spoil a breakfast - even the English can't do it.

Modesty is a vastly overrated virtue.

Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.

A good rule of conversation is never answer a foolish question.

No hungry man who is also sober can be persuaded to use his last dollar for anything but food.