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.

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

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.

To suggest social action for the public good to the city London is like discussing The Origin of Species to a Bishop sixty years ago.

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

It is a good thing to make mistakes so long as you're found out quickly.

In this autumn of 1919, in which I write, we are at the dead season of our fortunes.