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

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.

In truth, the gold standard is already a barbarous relic.

If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.

We will not have any more crashes in our time.

If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.

One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.