Well, when I get new information, I rethink my position. What, sir, do you do with new information?

Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities. It forgets that there is no such thing as liquidity of investment for the community as a whole.

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

It is Enterprise which build and improves the world's possessions...If Enterprise is afoot, Wealth accumulates whatever may be happening to Thrift; and if Enterprise is asleep, Wealth decays, whatever Thrift may be doing.

I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.

It is the duty of the long-term investor to endure great losses with equanimity.

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.