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.
JOHN MAYNARD KEYNESI’d rather be vaguely right than precisely wrong.
More John Maynard Keynes Quotes
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Men will not always die quietly.
JOHN MAYNARD KEYNES -
It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.
JOHN MAYNARD KEYNES -
Perhaps it is historically true that no order of society ever perishes save by its own hand.
JOHN MAYNARD KEYNES -
A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.
JOHN MAYNARD KEYNES -
Chess is a cure for headaches.
JOHN MAYNARD KEYNES -
When somebody persuades me I am wrong, I change my mind.
JOHN MAYNARD KEYNES -
Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
JOHN MAYNARD KEYNES -
I’d rather be vaguely right than precisely wrong.
JOHN MAYNARD KEYNES -
It’s not bringing in the new ideas that’s so hard; it’s getting rid of the old ones.
JOHN MAYNARD KEYNES -
We will not have any more crashes in our time.
JOHN MAYNARD KEYNES -
The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn’t deliver the goods.
JOHN MAYNARD KEYNES -
Perhaps a day might come when there would be at last be enough to go round, and when posterity could enter into the enjoyment of our labors.
JOHN MAYNARD KEYNES -
Ideas, knowledge, art, hospitality, travel – these are things which should in their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible and above all let finance be primarily national.
JOHN MAYNARD KEYNES -
The power to become habituated to his surroundings is a marked characteristic of mankind.
JOHN MAYNARD KEYNES -
The numeric system was invented to help man to put order in the chaos of the world.
JOHN MAYNARD KEYNES