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.

There is no intrinsic reason for the scarcity of capital.

In truth, the gold standard is already a barbarous relic.

Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization.

God has arrived. I met him on the 5:15 train.

The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.

The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.