I Don't Feel The Least Humble Before

The Forces Of The Nineteenth Century Have Run Their Course And Are Exhausted.

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.

The Businessman Is Only Tolerable So Long As His Gains Can Be Held To Bear Some Relation To What, Roughly And In Some Sense, His Activities Have Contributed To Society.

If We Aim Deliberately At The Impoverishment Of Central Europe, Vengeance, I Dare Predict, Will Not Limp.

It Is Impossible That The Intention Of The Entrepreneur Who Has Borrowed In Order To Increase Investment Can Become Effective (except In Substitution For Investment By Other Entrepreneurs Which Would Have Occurred Otherwise) At A Faster Rate Than The Public Decide To Increase Their Savings