Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.

When I find new information I change my mind; What do you do?

What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!

The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.

The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.

Most men love money and security more, and creation and construction less, as they get older.

The avoidance of taxes is the only intellectual pursuit that still carries any reward.