The boom, not the slump, is the right time for austerity at the Treasury.

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.

He had one illusion - France; and one disillusion - mankind, including Frenchmen.

If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.

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.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

The key to selecting the winner isn't choosing the face you think is the most beautiful but rather the face other people will pick