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

It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.

Dangerous acts can be done safely in a community which thinks and feels rightly, which would be the way to hell if they were executed by those who think and feel wrongly.

Chess is a cure for headaches.

The power to become habituated to his surroundings is a marked characteristic of mankind.

The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent and indissoluble, like marriage, except by reason of death or other grave cause, might be a useful remedy for our contemporary evils. For this would force the investor to direct his mind to the long-term prospects and to those only.

It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion