Successful investing is anticipating the anticipations of others.

Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

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

Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.

I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accompli.