“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.”

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

The engine which drives enterprise is not thrift, but profit.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.

How long will it be necessary to pay City men so entirely out of proportion to what other servants of society commonly receive for performing social services not less useful or difficult?

The study of economics does not seem to require any specialised gifts of an unusually high order.

It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.

There is no harm in being sometimes wrong – especially if one is promptly found out.

Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.

I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.

The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.

Successful investing is anticipating the anticipations of others.

Logic , like lyrical poetry , is no employment for the middle-aged.

The atomic hypothesis which had worked so splendidly in Physics breaks down in Psychics.

It is Enterprise which build and improves the world’s possessions. If Enterprise is afoot, Wealth accumulates whatever may be happening to Thrift; and if Enterprise is asleep, Wealth decays, whatever Thrift may be doing.

Perhaps it is historically true that no order of society ever perishes save by its own hand.

The importance of money flows from it being a link between the present and the future.