The goose that lays golden eggs has been considered a most valuable possession. But even more profitable is the privilege of taking the golden eggs laid by somebody else's goose. The investment bankers and their associates now enjoy that privilege.

The old idea of a good bargain was a transaction in which one man got the better of another. The new idea of a good contract is a transaction which is good for both parties to it.

The most important office, and the one which all of us can and should fill, is that of private citizen.

The greatest dangers to liberty lurk in the insidious encroachment by men of zeal, well meaning but without understanding.

Neutrality is at times a graver sin than belligerence.

In business, the earning of profit is something more than an incident of success. It is an essential condition of success. It is an essential condition of success because the continued absence of profit itself spells failure.

The logic of words should yield to the logic of realities.