“It is the long-term investor, who will in practice come in for the most criticism… For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion.”

The numeric system was invented to help man to put order in the chaos of the world.

For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.

The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.

Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.

When the final result is expected to be a compromise, it is often prudent to start from an extreme position.

Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.

There is nothing so disastrous as a rational investment policy in an irrational world.

Conservatism leads nowhere; it satisfies no ideal.

A study of the history of opinion is a necessary preliminary to the emancipation of the mind.

When my information changes, I alter my conclusions. What do you do, sir?

If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised; whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.

Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all.

The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.

When I find new information I change my mind; What do you do?

The power to become habituated to his surroundings is a marked characteristic of mankind.

Never in history was there a method devised of such efficacy for setting each country’s advantage at variance with its neighbours’ as the international gold (or, formerly, silver) standard.

A speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.

Investor confidence in Adani is fairly high, and most of our investors are long-term investors.

I mean, to say it in a sentence, he describes elections as occasions in which groups of investors coalesce and invest to control the state.

The term ‘globalisation’ is conventionally used to refer to the specific form of investor-rights integration designed by wealth and power, for their own interests.

I wish I could run this company myself’ — to be the entrepreneur instead of the investor.

The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.

The worst have failed; investors no longer fund them and are not likely to in the future.

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.