Inventions that are not made, like babies that are not born, are rarely missed.

It is almost as important to know what is not serious as to know what is.

More investment trusts securities were offered in September of 1929 even than in August - the total was above $600 million. However, the nearly simultaneous promotion of Shenandoah and Blue Ridge was to stand as the pinnacle of new era finance. It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.

According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.

There can be few fields of human endeavor in which history counts for so little as in the world of finance.Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of the those who do not have insight to appreciate the incredible wonders of the present.

If we are concerned about our great appetite for materials, it is plausible to decrease waste, to make better use of stocks available, and to develop substitutes. But what about the appetite itself? The major cause of the continued deterioration of the global environment is the unsustainable pattern of consumption and production, particularly in industrialised countries

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.