There is nothing so disastrous as a rational investment policy in an irrational world.
John Maynard KeynesGold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
John Maynard KeynesMost, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.
John Maynard KeynesIf human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
John Maynard Keynes