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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.

John Maynard Keynes

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It is better to be roughly right than precisely wrong.
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When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.
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The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.
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The considerations upon which expectations of prospective yields are based are partly existing facts which we can assume to be known more or less for certain, and partly future events which can only be forecasted with more or less confidence.
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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.
JOHN MAYNARD KEYNES

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The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
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The glory of the nation you love is a desirable end, – but generally to be obtained at your neighbor’s expense.
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Logic , like lyrical poetry , is no employment for the middle-aged.
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If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
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The difficulty lies, not in the new ideas, but in escaping the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.
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It is the duty of the long-term investor to endure great losses with equanimity.
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The markets are moved by animal spirits, and not by reason.
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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
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It is better that a man should tyrannize over his bank balance than over his fellow-citizens.
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In truth, the gold standard is already a barbarous relic.
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An investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if at all, with borrowed money.
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