The Markets Are Moved By Animal Spirits,

Once Doubt Begins It Spreads Rapidly.

The Inhabitant Of London Could Order By Telephone, Sipping His Morning Tea In Bed, The Various Products Of The Whole Earth -- He Could At The Same Time And By The Same Means Adventure His Wealth In The Natural Resources And New Enterprise Of Any Quarter Of The World -- He Could Secure Forthwith, If He Wished, Cheap And Comfortable Means Of Transit To Any Country Or Climate Without Passport Or Other Formality.

I Am Myself Impressed By The Great Social Advantages Of Increasing The Stock Of Capital Until It Ceases To Be Scarce.

As Time Goes On, I Get More And More Convinced That The Right Method Of Investment Is To Put Fairly Large Sums Into Enterprises Which One Thinks One Knows Something About And In The Management Of Which One Thoroughly Believes.

Government Machinery Has Been Described As A Marvelous Labor Saving Device Which Enables Ten Men To Do The Work Of One.