I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England.

The difficulty lies, not in the new ideas, but in escaping the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.

I should have drunk more Champagne.

I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. I should say that it is from time to time the duty of a serious investor to accept the depreciation of his holdings with equanimity and without reproaching himself. … An investor…should be aiming primarily at long-period results, and should be solely judged by these.

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

The power to become habituated to his surroundings and therefore to no longer be grateful for what is good in it is a marked characteristic of mankind and needs to be fought against if a person is to be happy.

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.