I'd rather be vaguely right than precisely wrong.

Businessmen have a different set of delusions from politicians; and need, therefore, different handling. They are, however, much milder than politicians, at the same time allured and terrified by the glare of publicity....You could do anything you like with them, if you would treat them (even the big ones) not as wolves and tigers, but as domestic animals by nature, even though they have been badly brought up and not trained as you would wish.

Successful investing is anticipating the anticipations of others.

Like Odysseus, the President looked wiser when he was seated.

In this autumn of 1919, in which I write, we are at the dead season of our fortunes.

The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.

They offer me neither food nor drink - intellectual nor spiritual consolation... [Conservatism] leads nowhere; it satisfies no ideal; it conforms to no intellectual standard, it is not safe, or calculated to preserve from the spoilers that degree of civilization which we have already attained.