The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods.

When the facts change, I change my mind.

It is better that a man should tyrannize over his bank balance than over his fellow-citizens and whilst the former is sometimes denounced as being but a means to the latter, sometimes at least it is an alternative.

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

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 avoidance of taxes is the only intellectual pursuit that still carries any reward.

There is no harm in being sometimes wrong - especially if one is promptly found out.