When the final result is expected to be a compromise, it is often prudent to start from an extreme position.

The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.

The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive.

The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.

The biggest problem is not to let people accept new ideas, but to let them forget the old ones.

The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.

The difficulty lies, not in the new ideas, but in escaping from the old ones.