An investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if at all, with borrowed money.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.

The difficulty lies, not in the new ideas, but in escaping the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.

Chess is a cure for headaches.

Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.

The glory of the nation you love is a desirable end, — but generally to be obtained at your neighbor's expense.