This siren, this goat-footed bard, this half human visitor to our age the hag-ridden and enchanted woods of Celtic antiquity. One catches in his company that flavour of final purposelessness, inner responsibility, existence outside or away from our Saxon good and evil, mixed with cunning, remorselessness, love of power.
John Maynard KeynesThe power to become habituated to his surroundings is a marked characteristic of mankind.
John Maynard KeynesNor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.
John Maynard KeynesThe central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive.
John Maynard KeynesCapitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
John Maynard KeynesWell, when I get new information, I rethink my position. What, sir, do you do with new information?
John Maynard KeynesI feel no shame at being found still owning a share when the bottom of the market comesโฆI 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. โฆ An investorโฆshould be aiming primarily at long-period results, and should be solely judged by these.
John Maynard Keynes