The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent and indissoluble, like marriage, except by reason of death or other grave cause, might be a useful remedy for our contemporary evils. For this would force the investor to direct his mind to the long-term prospects and to those only.

There is no harm in being sometimes wrong - especially if one is promptly found out.

Conservatism leads nowhere; it satisfies no ideal.

...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract,... governments are fast rendering impossible a continuance of the social and economic order of the nineteenth century.

For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.

This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.

Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.