... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.

How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeois and the intelligentsia who, with whatever faults, are the quality in life and surely carry the seeds of all human advancement?

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done

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

The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion.

Canada is a place of infinite promise. We like the people, and if one ever had to emigrate, this would be the destination, not the U.S.A. The hills, lakes and forests make it a place of peace and repose of the mind, such as one never finds in the U.S.A.

There is nothing so disastrous as a rational investment policy in an irrational world.