What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!

It is the duty of the long-term investor to endure great losses with equanimity.

There is nothing so disastrous as a rational investment policy in an irrational world.

By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

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

A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.

The love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.