To suppose that safety-first consists in having a small gamble in a large number of different companies where I have no information to reach a good judgment, as compared with a substantial stake in a company where one's information is adequate, strikes me as a travesty of investment policy.

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

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.

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

The Class war will find me on the side of the educated bourgeoisie.

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

Men will not always die quietly.