The importance of money flows from it being a link between the present and the future.

Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization.

It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.

The boom, not the slump, is the right time for austerity at the Treasury.

Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.

It is the long term investor who will in practice come in for the most criticism. For it is the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of the average opinion. If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.