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

Most men love money and security more, and creation and construction less, as they get older.

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

Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities. It forgets that there is no such thing as liquidity of investment for the community as a whole.

It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.

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.

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