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

Long run is a misleading guide to current affairs. In the long run we are all dead.

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

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

Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement.

When somebody persuades me I am wrong, I change my mind.

Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.