It is the duty of the long-term investor to endure great losses with equanimity.

The numeric system was invented to help man to put order in the chaos of the world.

The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.

The Economic Problem...the problem of want and poverty and the economic struggle between classes and nations, is nothing but a frightful muddle, a transitory and unnecessary muddle.

If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.

Dangerous acts can be done safely in a community which thinks and feels rightly, which would be the way to hell if they were executed by those who think and feel wrongly.

Perhaps it is historically true that no order of society ever perishes save by its own hand.