The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.

The expected never happens; it is the unexpected always.

I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. I should say that it is from time to time the duty of a serious investor to accept the depreciation of his holdings with equanimity and without reproaching himself. … An investor…should be aiming primarily at long-period results, and should be solely judged by these.

There is no intrinsic reason for the scarcity of capital.

It is better that a man should tyrannize over his bank balance than over his fellow-citizens.

Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.

The key to selecting the winner isn't choosing the face you think is the most beautiful but rather the face other people will pick