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

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

In the long run we are all dead.

Economics is a very dangerous science.

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.

God has arrived. I met him on the 5:15 train.

It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true, and that there is no direct relation between the truth of a proposition and its probability. Probability begins and ends with probability.