“The Economic Problem, the problem of want and poverty and the economic struggle between classes and nations, is nothing but a frightful muddle, a transitory and unnecessary muddle.”

Ideas shape the course of history.

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.

The avoidance of taxes is the only intellectual pursuit that still carries any reward.

Canada is a place of infinite promise. We like the people, and if one ever had to emigrate, this would be the destination, not the U.S.A. The hills, lakes and forests make it a place of peace and repose of the mind, such as one never finds in the U.S.A.

Obstinacy can bring only a penalty and no reward.

It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.

It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.

The love of money as a possession. Will be recognised for what it is, a somewhat disgusting morbidity.

Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.

The markets are moved by animal spirits, and not by reason.

There is no intrinsic reason for the scarcity of capital.

If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.

It is better that a man should tyrannize over his bank balance than over his fellow-citizens.

One’s knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.

The key to selecting the winner isn’t choosing the face you think is the most beautiful but rather the face other people will pick

Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.